LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Question
Chapter 7, Problem 9P
To determine
Some reasons for the higher rate of wage gap for women than for men.
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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?
Why did the labor force participation rate of women increase so much in the past century?
How is the market-compensating wage differential between safe jobs and risky jobs determined? Which type of job will offer a higher wage?
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- Does the earnings gap between the average wages of females and the average wages of males prove labor market discrimination? Why or why not?arrow_forwardDescribe how the earnings gap between men and women has evolved in recent decades.arrow_forwardConsider two people - A and B - within the same labor market. Why might might permanent wage of A and B be different? Please make sure you relate the most relevant economic concepts and theory to justify arguments.arrow_forward
- Suppose male wages are determined by the earnings function WM = 25 + 0.40EM and female wages are determined by the earnings function WF = 15 + 0.20EF. If women have 10 years of experience and men have 20, what is the gender wage gap? How much can be attributed to human capital differences and how much is unexplained, and therefore attributed to discrimination? Show this scenario on a graph of both the male and female earnings functionsarrow_forwardDescribe the income-leisure trade-off. Why might the labor supply curve bend backwards at high wages?arrow_forwardWhy does the earned income tax credit increase the labor force participation rate of targeted groups?arrow_forward
- Describe how the earnings gap between blacks and whites has evolved in recent decades.arrow_forwardExplain how the market-compensating wage differential between safe jobs and risky jobs is determined. Support your answer with appropriate graphsarrow_forwardTo what extent are flexible work arrangements a positive for workers? For employers?arrow_forward
- Discuss how upward-sloping age-earnings profiles can elicit more effort from workers.arrow_forwardThe below graph shows the optimal asking wage. Suppose another individual with the same wage opportunities is more “present-oriented”. Show how this would alter the graph. How will this affect the asking wage and the length of the job search?arrow_forwardWhat factors create the link between wages and productivity that is at the heart of efficiency wage models?arrow_forward
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