45. Consider the following two statements: (1) According to the Blinder-Oaxaca decomposition of the wage gap between two groups of workers, differences in rewards for characteristics are considered to be evidence of discrimination. Time left 0:30:14 (2) Correspondence studies will never underestimate the extent of discrimination. What can you say about these two statements? O a. Both statements are incorrect. O b. Statement (2) is correct, statement (1) is incorrect. Statement (1) is correct, statement (2) is incorrect. Od. Both statements are correct. O c.

45. Consider the following two statements: (1) According to the Blinder-Oaxaca decomposition of the wage gap between two groups of workers, differences in rewards for characteristics are considered to be evidence of discrimination. Time left 0:30:14 (2) Correspondence studies will never underestimate the extent of discrimination. What can you say about these two statements? O a. Both statements are incorrect. O b. Statement (2) is correct, statement (1) is incorrect. Statement (1) is correct, statement (2) is incorrect. Od. Both statements are correct. O c.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Similar questions

On-the-job training has made Brent a more productive employee for his company. This is an example of: O Compensating differential. O Increasing human capital. O Monopsony. O Efficiency wages.
Consider the standard set up for thinking about statistical discrimination from last class (groups have same average productivity, but one group has a lower slope on the signal component – call this group women). Neither group has a zero y-intercept. A government issues a minimum wage requirement. Which of the following is true: A. At a low enough minimum wage, employers will hire men and women of any signal type. B. At a low enough minimum wage, employers will hire high signal men and low signal women. C. At a low enough minimum wage, employers will hire women of any signal type and only higher signal men. D. At a high enough minimum wage, employers will hire low signal men and high signal women.
Since 1960, the earnings gap between men and women in the U.S. labor market has O steadily risen. O been completely eliminated. O continued to narrow. O increased throughout the 1970s.
How can you explain in simple terms the rising wage inequality between the skilled and unskilled labor in the Stolper-Samuelson Theorem. I
5
When talking about compensating wage differentials and the market for risky jobs, we assume that the marginal utility of risk is O positive O negative O zero
Most economists believe that only part of the gap between the wages of white males and the wages of other groups is due to discrimination. Economists believe that some of the gap is explained by which of the following factors? O A. differing preferences for types of jobs B. differences in education C. differences in experience O D. All of the above. Which of the following is part of the economic analysis of discrimination? O A. Employers who discriminate pay an economic penalty because very few workers are willing to work for an employer who discriminates. O B. Employers who discriminate receive an economic reward from retaining only the most productive workers. C. Market competition has entirely eliminated economic discrimination in the United States. D. Employers who discriminate pay an economic penalty imposed by market competition.
Ten college students have accepted job offers for the year after they graduate. Their starting salaries are given here. Organize the data into quintiles and then, using these data, draw the Lorenz curve for this group. Finally, calculate the relevant Gini coefficient. Becky $42000 Billy $20000 Charlie $31000 Kasia $24000 Nina $34000 Raul $37000 Rose $29000 Thomas $35000 Willis $60000 Yukiko $32000 Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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Attributing the gender wage gap to ongoing discrimination by employers will likely be incorrect because O a. some of the wage gap is explained by efficiency wages. b. differences in years of work experience likely lead to productivity differences between men and women. O c. compensating differentials usually lead to higher wages for women. Od. All of the above are correct.
8 1. In what sense is education a type of capital? 2. What conditions lead to highly compensated superstars? Would you expect to see superstars in dentistry? In music? Explain. 3. Give an example of how discrimination might persist in a competitive market.