Exam 7: The Wage Structure

Suppose the distribution of innate ability is distributed symmetrically throughout a population but that the wage distribution is positively skewed.What most likely explains this?

All but which one of the following statements about the Gini coefficient is true?

The superstar phenomenon explains why

The positive correlation between ability and human capital investments "stretches out" wages in the population, generating what?

Which of the following is not a possible explanation as to why wage inequality increased markedly over the last 40 years in the United States?

Regression toward the mean is captured by which of the following?

From 1965 to 2005, the 90-10 wage gap in the United States has

How does the income distribution in the United States compare to other developed countries?

In general terms, which of the following statements regarding changes in income inequality in the United States is correct?

Expansions in globalization and the reduction of trade barriers world-wide during the 1980s and 1990s most likely had what effect on the demand for U.S.labor?

Higher values of the Gini coefficient are associated with

Large disparities in wages could possibly result from all but which one of the following?

What is the approximate Gini coefficient associated with the following income distribution?

Which of the following statements regarding the increase in supply of high-skill labor in the United States since 1960 as measured by education level is not true?

What is meant by the skill-bias technological explanation of increasing inequality?

An approximate Lorenz curve shows

What does it mean for the U.S.economy to have a positively skewed wage distribution?

What does the Gini coefficient measure?

Which of the following measures would best allow one to compare the relative wealth of poor households to the typical household in an economy?

In the United States over the last 30 years, wage differentials have