The Right Coast
December 22, 2004
Two Earner Households
By Mike Rappaport
Do women work because families need the money or because they prefer to do so? Consider this quote excerpted by Tyler Cowan from the new book, Cowboy Capitalism:
The big increase of women in the workforce can be traced back to an increasing number of wives of well-to-do men pushing into the labor market. These women typically earn high hourly wages.And the increase in the hours worked of women who have husbands with high wages also leads to greater income inequality among familities.