when employment becomes less scarce, women may be more likely to opt-out of the labor force
We've been in that situation for 5 years in the US. What you're describing did not happen—declines in labor participation among men still exceed women by a significant amount.
One explanation I've heard is that since women earn less, but do "the same" work, it's cheaper to keep them on vs. men. I have no idea if that's correct or not, or if it is, explains the difference.
We've been in that situation for 5 years in the US. What you're describing did not happen—declines in labor participation among men still exceed women by a significant amount.
One explanation I've heard is that since women earn less, but do "the same" work, it's cheaper to keep them on vs. men. I have no idea if that's correct or not, or if it is, explains the difference.