Exam 19: Earnings and Discrimination

A recent study of the determinants of wages for clerical staff at a university found that years of schooling,years of experience,age,and job characteristics only explained about one-half of the difference in wages.Describe other factors that may be important in explaining wage differences for clerical staff.From your answer,explain how you would measure these factors for use in empirical analysis.

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Question 1

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Other factors include gender,job tenure,and job responsibilities.Gender can be measured using a dummy variable,job tenure can be measured in years (or months),and job responsibilities can be measured on a numerical scale.

What is a partial explanation for the very high pay earned by the most successful actors and actresses

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Question 2

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If a university degree is only used as a valuable signal of ability for employers,should government still subsidize higher education?

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Question 3

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Yes,it should if the social rate of return to education exceeds the private rate of return.The education obtained emits a signal that helps to allocate labour to its highest and best use among alternatives.It thus indirectly raises the productivity of the worker and perhaps the productivity of other workers as well (positive externality).From that channel,the social rate of return to schooling could be high and could exceed the private rate of return.

The most popular movie stars have high incomes for a number of reasons.What is one such reason

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Question 4

Government policies and programs have been very successful in reducing evidence of discrimination in labour markets.

(True/False)

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Question 5

If firms are competitive,under what circumstances will labour-market discrimination exist in the long run

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Question 6

How does the theory of efficiency wages explain above-equilibrium wages

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Question 7

A recent law school graduate is considering two offers to practice law,one in Ontario and one in Nova Scotia.Rumour has it that it is very difficult to pass the Nova Scotia bar exam and meet other certification requirements required by the Nova Scotia Bar Association.Assuming all other things equal,where would the attorney expect to make a higher wage

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Question 8

Differences in wages between highly educated workers and less-educated workers are most likely to be considered which of the following

(Multiple Choice)

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Question 9

A prestigious private high school requires each of its teachers to have a Ph.D.in the subject they teach.Which effect is this requirement likely to have

(Multiple Choice)

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Question 10

What is a union's major source of power

(Multiple Choice)

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Question 11

What can we say about the wage difference between jobs that require education and those that do not

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Question 12

What would be considered an investment in human capital

(Multiple Choice)

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Question 13

Where is the return on investment in human capital observed

(Multiple Choice)

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Question 14

Evidence from Canadian studies of discrimination against francophone hockey players in the NHL revealed which of the following

(Multiple Choice)

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Question 15

By definition,there is discrimination when the marketplace offers different opportunities to similar individuals who differ which attributes

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Question 16

Which comparison best illustrates a compensating differential

(Multiple Choice)

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Question 17

In recent years,what has happened to the ratio of earnings of the typical university graduate to the earnings of the typical high school graduate without additional education

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Question 18

What is the most important source of human capital

(Multiple Choice)

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Question 19

One hypothesis to explain the rising gap in wages between unskilled and skilled workers is that international trade has altered the relative demand for skilled and unskilled workers.

(True/False)

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Question 20

Showing 1 - 20 of 167

What is a partial explanation for the very high pay earned by the most successful actors and actresses

If a university degree is only used as a valuable signal of ability for employers,should government still subsidize higher education?

The most popular movie stars have high incomes for a number of reasons.What is one such reason

Government policies and programs have been very successful in reducing evidence of discrimination in labour markets.

If firms are competitive,under what circumstances will labour-market discrimination exist in the long run

How does the theory of efficiency wages explain above-equilibrium wages

Differences in wages between highly educated workers and less-educated workers are most likely to be considered which of the following

A prestigious private high school requires each of its teachers to have a Ph.D.in the subject they teach.Which effect is this requirement likely to have

What is a union's major source of power

What can we say about the wage difference between jobs that require education and those that do not

What would be considered an investment in human capital

Where is the return on investment in human capital observed

Evidence from Canadian studies of discrimination against francophone hockey players in the NHL revealed which of the following

By definition,there is discrimination when the marketplace offers different opportunities to similar individuals who differ which attributes

Which comparison best illustrates a compensating differential

In recent years,what has happened to the ratio of earnings of the typical university graduate to the earnings of the typical high school graduate without additional education

What is the most important source of human capital

One hypothesis to explain the rising gap in wages between unskilled and skilled workers is that international trade has altered the relative demand for skilled and unskilled workers.

Ten Principles of Economics

Thinking Like an Economist

Interdependence and the Gains From Trade

The Market Forces of Supply and Demand

Elasticity and Its Application

Supply, demand, and Government Policies

Consumers, producers, and the Efficiency of Markets

Application: the Costs of Taxation

Application: International Trade

Externalities

Public Goods and Common Resources

The Design of the Tax System

The Costs of Production

Firms in Competitive Markets

Monopoly

Monopolistic Competition

Oligopoly

The Markets for the Factors of Production

Income Inequality and Poverty

The Theory of Consumer Choice

Frontiers of Microeconomics

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