Women in that age group probably have a higher fraction of “hobby workers” than any other demographic group —- people who don’t really need to work (since they’re already wealthy enough and their husbands earn far more anyway) but choose to work a few hours a week just for something to do.
If times are good and families are wealthy, the number of hobbyist workers in the older female age group increases. If times are bad, these women might be forced to work more hours or even full time in order to make ends meet.
It makes sense that their LIUR is flat compared to other groups.
If times are good and families are wealthy, the number of hobbyist workers in the older female age group increases. If times are bad, these women might be forced to work more hours or even full time in order to make ends meet.
It makes sense that their LIUR is flat compared to other groups.