Bookman takes a detailed look at the goals and motivations of
high-income middle-aged women who want to enter the labor force
after having spent most of their adult lives tending their homes,
raising children, and volunteering in the community. The book
examines the supply of their labor, their incentives, their
motivations, and the fears they face as they evaluate their future
options. Bookman also discusses the demand for their skills by
reviewing the opportunities available to them in the labor market
and detailing what they can realistically aspire to and what
obstacles they are likely to encounter. By describing the changes
in the workplace that are likely to affect middle-aged women, the
book offers a compelling labor market study with regard to this
unique group of workers.
Bookman makes four major contributions to the literature on
women's studies issues in her book. First, she focuses on middle
age by addressing the needs and concerns of this booming age
bracket. Second, she introduces the concept of the Third Career, in
which women want to be employed but not in a demanding or stressful
career. Instead, they prefer part-time work or work with greater
flexibility, and they are willing to sacrifice income in order to
achieve these objectives. Third, the book uses the concepts of
shadow skills and human capital to describe the demand for
middle-aged female labor. Finally, the book analyzes the possible
economic losses and gains to society when middle-aged women enter
the labor force, concluding that the net contribution to the
economy is positive.
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