Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter ST8, Problem 3CQ
To determine
The earning difference of men and women.
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Students have asked these similar questions
discuss how that relationship between the elasticity of demand for products and labor would affect your job searching strategy in the future.
When would you see the greatest gain if there is a compensating differential built into your salary?
The differential is for a negative risk that you care about more than most people do.
The differential is for a large negative risk that you don't care about as much as most people do.
The differential is for a positive job aspect that you don't care about as much as most people do.
The differential is for a slightly positive job aspect that you care about more than most people do.
There are many reasons why women earn less than men. One is attributed to the education and work environment women seek. Women often look for jobs that have normal hours, good working conditions, and safety.
True or
False?
Chapter ST8 Solutions
Economics: Private and Public Choice (MindTap Course List)
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- How is the market-compensating wage differential between safe jobs and risky jobs determined? Which type of job will offer a higher wage?arrow_forwardTo what extent are flexible work arrangements a positive for workers? For employers?arrow_forwardThink of a job that either you or a friend/relative held that paid a wage that you thought was either unfair or inequitable compared to the wages or salaries of other positions within the business or within the wider business community. Answer the following questions in relation to that example. On what basis do you think the wage was set? I.e. What factors influenced how much the organization valued the role? Why did you think it was unfair? If there was an opportunity to be covered by a Union contract/agreement, do you think there would have been an increase/decrease in the wage? If you were the employer, what would cause you to increase the wage for that role? and finally, 5. Do you think that the wages/salaries of the main "jobs" in our society are allocated fairly? Provide an example of a role that you think is highly undervalued and explain why. For example, should CEOs and celebrities earn millions of dollars each year compared to child care workers or stay at home parents who…arrow_forward
- How does Increase or decrease in wage affect hours of work.arrow_forwardList the six factors that can explain a variance in earnings. Select ONE factor and list two reasons why this you believe this factor has the most influence in wage differences. Why is the price elasticity of supply different for low mobility workers and high mobility workers? In proving that there are earnings differentials caused by discrimination, what three factors are necessary in a study conducted to prove this point?arrow_forwardWhy does the salary gap persist?arrow_forward
- How does skill atrophy provide an explanation for differentiation in earnings?arrow_forwardWhy do welfare programs create work disincentives?arrow_forwardThe U.S. Bureau of the Census reported that, on average, white men earn $50, 945, whereas white women earn $31,008. Economic discrimination explains at least some of this wage gap, but economists think that there are other factors that also contibute to wage gaps. Which factor is not an explanation offered by economists for these types of wage gaps? Various groups in the population graduate from college at varying rates. Differences in earnings can be explained in part by differences in educational attainment. Men and women take different types of jobs. Men are more likely to prioritze jobs with higher wages, and women are more likely to prioritize jobs with other desirable characteristics. On average, men and women have different amounts of experience in their jobs. Ceteris paribus, men are less likely to temporarily leave the workforce and, therefore, have more experience than women. There are innate differences between men and women that make men more productive than women. Because…arrow_forward
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