LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Question
Chapter 6, Problem 13P
a)
To determine
The educational problems associated with identical twins.
b)
To determine
The main argument for the use of certain birth rates to control the bias.
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Students have asked these similar questions
Discuss Factor Intensity In detail.
Suppose that, on average, men earn $17 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) and the returns for schooling for women is 0.2, then the
gender gap in schooling explains:
10% of the wage gap between men and women.
20% of the wage gap between men and women.
30% of the wage gap between men and women.
15% of the wage gap between men and women.
The figure below shows the proportion of children in earnings quantile conditional on their father's earnings quantile in the US and Denmark,
respectively. Based on this information, which of the following statements is correct?
US
I Child in poorest 20%
I Child in richest 20%
DENMARK
0.400
0.4
0.4
0.360
0.337
0.3
0.3-
0.253
0.2
0.2
0.167
0.161
0.098
0.1
0.1
0.074
Poorest 20%
Richest 20%
Poorest 20%
Richest 20%
Father's earnings quintile
Select one:
O a. In Denmark, it is far more difficult for the richest families to preserve their status for the next generation than in the US.
O b. In the US, 7.4% of those from the poorest 20% of families managed to move up to become part of the richest 20%.
O c. The figure suggests that there is very little governments can do to reduce intergenerational transmission of economic status.
O d. The data provides support for the "American Dream", a term coined in 1931 by James Truslow Adams that refers to "a dream of social
order in which each man and…
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