FIGURE 11.8The Gender Gap Over Time: What Percentageof Men's Income Do Women Earn?$8070$61,7836050$50,241...70%$43,30540$40,367Men66%30$28,979$32,94066%$26,547$24,99971%$19,17320Women65%$20,591$12,93460%$16,252$9,18410$5,434 $6,598615$3,296 $3,81660%$11,15959%58%$5,440$7,719196019651970197519801985199019952000200520102015YearSource: By the author. Based on Statistical Abstract of the United States 1995:Table 739; 2002:Table 6663B2011:Table 702, and earlier years. Broken lines indicate the author's estimate.Review Figure 11.8 "The Gender Gap Over Time: What Percentage4)of Men's Income Do Women Earn?" What is the likely outcome of the trend if thedirection of the lines continues indefinitely?A)B)C)D)Women will overtake men in earnings within the next 25 years.Women will be equal to men in earnings in the next 25 years.Men will pull away and increase the pay gap considerably by 2050.Women will still make less than men at approximately the samepercentage.Income in Thousands

The gender pay gap refers to discrimination in terms of pay and salary based on gender. Men have…

Answered: FIGURE 11.8 The Gender Gap Over Time:…

Social Psychology (10th Edition)

10th Edition

ISBN:9780134641287

Author:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers

Publisher:Elliot Aronson, Timothy D. Wilson, Robin M. Akert, Samuel R. Sommers

Chapter1: Introducing Social Psychology

Section: Chapter Questions

Problem 1RQ1

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oaxaca decomposition Suppose that, on average, men earn $20 an hour and have an average of 15 years of schooling. Women earn $15 an hour and have an average of 14 years of schooling. If the estimated return to schooling for men is 0.30 (implying that each additional year of schooling translates into an additional 30 cents per hour), then the gender gap in schooling explains: 20% of the wage gap between men and women More than 100% of the wage gap between men and women 15% of the wage gap between men and women None of the wage gap between men and women 6% of the wage gap between men and women
Darla gets her utility from consumption C and leisure L. The most leisure she can consume in any given week is 110 hours. Her utility function is U(C, L) = C x L. This implies that Darla’s marginal rate of substitution is C / L Darla receives $750 each week from her grandparents–regardless of how much she works. What is Darla’s reservation wage?
Calculate MPL & MRP to determine how many employees the firm should hire. 1) Calculate MPL and the MRP of the business. We can assume that price = $3 and that the business must pay a wage to its employees of $20 per day. # of employees: Output MPL MRP 1 90 120 132 4 140 5 142 6 143 A*Based on these numbers, how many employees should this business use? Explain your answer. B*Show what the graph would like this for this firm if we have lines for wage and MRP. Show where they would cross and the optimal number of employees used also C*Explain what you think would happen if demand went up for the product and now price goes up to $4. LO
The table below shows labor income for four individuals and the amount each has paid in income taxes. Labor Income, Tax Paid, and Average Tax Rate Labor Income Tax Paid (dollars) $6,300 9,240 11,200 17,500 Individual Samantha Charles Amanda Young (dollars) $45,000 66,000 80,000 125,000 Average Tax Rate (percent) The income tax is proportional. The income tax is progressive. The income tax is regressive. % P Instructions: Enter your answers as a whole number. a. Complete the table above by calculating the average tax rate paid by each individual. b. Is the income tax depicted here progressive, regressive, or proportional?
9) Since the Social Security system began in 1935, the number of individuals in the workforce per retiree (ratio of workers supporting those receiving retirement benefits) has A) stayed roughly the same. B) continually increased. C) continually decreased. D) risen and declined with different generations.
The figure on the right shows a hypothetical market for NFL-caliber punters. The NFL will hire punters. Salary($ million per punter) $5.5 $5- $4.5 $4- $3.5- $3- $2.5 Market for NFL-caliber punters $2+ 20 22 24 26 28 30 32 34 Number of punters D 36 $ .00 38
Suppose that education is the only factor that affects productivity and that an additional year of education raises wages by 2%. Suppose in 2011 gender wage gap was 13%, and the average man had 15 years of education while the average women had 14 years of schooling. a) Using the wage gap decomposition technique, calculate how much of the 13% wage differential is due to discrimination? b) Now suppose in 2021 the gender wage gap is 10%, but the average woman’s education level is increased to 17 year and the average man’s education increases to16 years. (Assume that the return to education stays same at 2%), Was there a decrease or an increase in wage discrimination in the decade? Why?
Need help with this. Thanks! Kyoko currently earns a_________(nominal or real) wage of $12.00 per hour; in other words, the amount of her paycheck each week is $12.00 per hour times the number of hours she works. Suppose the price of milk is $2.50 per gallon; in this case, Kyoko's_________(nominal or real) wage, in terms of the amount of milk she can buy with her paycheck, is__________ gallons of milk per hour. When workers and firms negotiate compensation packages, they have expectations about the price level (and changes in the price level) and agree on a_______(nominal or real) wage with those expectations in mind. If the price level turns out to be higher than expected, a worker's________(nominal or real) wage is_______(higher or lower) than both the worker and employer expected when they agreed to the wage. Kyoko and her employer both expected inflation to be 4% between 2012 and 2013, so they agreed, in a two-year contract, that she would earn $12.00 per hour in 2012 and…
what happens to hours of labor when the reservation wage rate increases? What happens to hours of labor when the reservation wage rate decreases? Graph it with an indifference curve, budget constraints, and reservation wage.
The figure compares the compensation that a shoe salesperson receives if she is on a straight salary of $40 per day or if she receives a commission of $5 for each pair of shoes sold. 100- Commission 90- Which compensation structure is preferred by the salesperson? 80- Suppose the salesperson sells more than 8 pairs of shoes per day and only cares about compensation. 70 60- For the salesperson, the is preferred. 50- Salary 40- 30- 20- 10 10 12 14 Pairs of shoes per day 16 18 20 Compensation received per day
1

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