Claire is feeling a like she is not contributing to the family because she doesn’t have a job. She has applied to 5 jobs recently, but despite her college degree is rejected from all of them. Because she has been out of the labor force for so many years, he human capital has depreciated.
See more: college, education, human capital, human capital investments, human capital depreciation, job search, labor force, labor force participation, labor market, skills, unemployment
It is career day at Luke’s school, and the teacher asks Claire to speak about her job as a stay at home mom. She points out that she actually has a lot of different jobs, and while she would like to go back to work, it is hard to find a job after you have been out of the labor force for 15 years.
See more: household labor supply, household production, human capital depreciation, job search, labor force, labor force participation, labor market, skills, tradeoffs, unemployment
Since Lilly is now in school and Cam and Mitchell are not adopting another baby, Mitchell thinks it is time for Cam to get a job. Their friend Longeness offers him a job at his boutique to help Mitchell out. Cam accepts because it does seem like a great match for his tastes and skill set, but Jeoux let’s the cat out of the bag that it wasn’t a sincere offer, and Cam is very offended that Mitch thinks he is too lazy to get a job.
See more: household production, human capital, labor force, labor-leisure tradeoff, marginally attached, nonpecuniary benefits, search, tastes and preferences, tradeoffs, unemployment
Claire is going to meet an old friend from work, but her kids are surprised to find out that she once had a job. She describes why she chose to leave the workforce.
See more: comparative advantage, division of labor, labor force, labor force participation, labor supply, preferences, specialization, tradeoffs