Principles of Economics, 7th Edition (MindTap Course List)
7th Edition
ISBN: 9781285165875
Author: N. Gregory Mankiw
Publisher: Cengage Learning
expand_more
expand_more
format_list_bulleted
Question
Chapter 19.1, Problem 1QQ
To determine
Compensating differential.
Expert Solution & Answer
Want to see the full answer?
Check out a sample textbook solution
Students have asked these similar questions
About what proportion of the variation of wages across workers is explained by factors that can be measured? What are the other factors that explain wage differences but are difficult to measure?
What is meant by the terms “investment in human capital” and “compensating wage differences”? Use these concepts to explain wage differentials.
E2
Chapter 19 Solutions
Principles of Economics, 7th Edition (MindTap Course List)
Knowledge Booster
Similar questions
- Which type of worker would earn the high income but has lesser marginal productivity? a.Fashion model b. CEO c. Farm owner d. Computer programmerarrow_forwardWhat does the term "family wage economy" mean based on Ruiz's chapter "The Flapper and the Chaperone"? (Only ONE answer is correct.) A. It means that the economic survival of the family was based on all of the wages multiple family members earned; it was not just based on the husband or father's job. B. It means that families worked together for the same company and employers gave the entire family one paycheck; people were not paid individually. C. It means that the federal and state governments only imposed income taxes on the head of the household, not on wives or dependent children. D. It means that families did not expect their teenage children to work; teenagers were expected to enjoy leisure time as often as possible.arrow_forwardAccording to current research, which of the following can rationalize the increase in female labor force participation in the US between 1970 and 2000?A. A decrease in the gender wage gapB. A decrease in the cost of child-careC. Learning about the effect of mothers' participation in the labor force on childrenD. All of the abovearrow_forward
- I need help otherwise downvote asaparrow_forward2. What is a compensating wage differential? Discuss whether or not we observe such differentials in life. Further discuss, whether a compensating wage differential can actually "compensate" associated risks.arrow_forwardWhy did the labor force participation rate of women increase so much in the past century?arrow_forward
- 4.arrow_forwardEDUCATION 1. Write down the human capital earnings function (i.e., the Mincer equation). Make sure toclearly specify the meaning of each variable. 2. Why the estimates from the Mincer equation may not be interpreted as the causal effect ofeducation on earnings?arrow_forwardWhat economic factors determine whether a person participates in the labor force?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
Microeconomics: Principles & PolicyEconomicsISBN:9781337794992Author:William J. Baumol, Alan S. Blinder, John L. SolowPublisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...EconomicsISBN:9781305506893Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...EconomicsISBN:9781305506725Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. MacphersonPublisher:Cengage Learning
Microeconomics: Principles & Policy
Economics
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:Cengage Learning
Microeconomics: Private and Public Choice (MindTa...
Economics
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning
Economics: Private and Public Choice (MindTap Cou...
Economics
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:Cengage Learning