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ECS2601 Assignment 2 Semester 1 Memo | Due 9 April 2026

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ECS2601 Assignment 2 Semester 1 Memo | Due 9 April 2026. All questions fully answered. QUESTION 1 1.1 Briefly explain the factors that led to the rise in women's workforce participation in South Africa over the past three decades. [10 marks] QUESTION 2 2.1 Michael receives R100 per day as interest on an inheritance. His wage rate is R30 per hour, and he can work up to 15 hours per day. Draw his budget constraint. [5 marks]

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 QUESTION 1

1.1. Briefly explain the factors that led to the rise in women's workforce participation in South
Africa over the past three decades.

The rise in women's workforce participation in South Africa over the past three decades can be
attributed to several interrelated factors:

 Societal and Cultural Shifts: The changing societal views on gender roles have played a
significant role. As gender equality became a more prominent societal goal, women began to
enter the workforce in increasing numbers (Pindyck & Rubinfeld, 2018).

 Economic Necessity: Economic pressures, including rising living costs and the need for
dual-income households, have encouraged more women to seek employment (ECS2601, Study
Guide). The need to support family incomes has been a strong motivator for women to join or
rejoin the workforce.

 Government Policies and Legislation: Legal reforms, such as the introduction of the
Employment Equity Act and affirmative action policies, have created more opportunities for
women in the workplace by addressing systemic gender biases and promoting equal
opportunities (Pindyck & Rubinfeld, 2018).

 Educational Advancements: The increased access to education for women, especially in higher
education, has provided women with the qualifications needed to enter a wider range of
professions, thus increasing their workforce participation (ECS2601, Study Guide).

 Advancements in Technology and Flexible Work: The growth of industries like technology and
the increased flexibility of work arrangements (e.g., remote work) have made it easier for
women to balance work and family responsibilities (Pindyck & Rubinfeld, 2018).

 Shifts in Household Dynamics: As more women have entered the workforce, traditional family
structures have evolved, with men taking on more household duties and childcare, enabling
women to focus more on their careers (ECS2601, Study Guide).

Together, these factors have significantly increased the rate of women's participation in the
workforce in South Africa over the past three decades.

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