Exam 19: Earnings and Discrimination.

Tom,the manager and owner of a small company,believes in the signaling theory of education,not the human capital theory.As such,we would expect Tom not to offer which of the following company benefits?

When employers sort employment applications into high-ability and low-ability people based on whether or not the applicant has a college degree (irrespective of major),they are providing evidence in support of the

Labor-market discrimination is evident when

Which of the following statements is true of wages,educational attainment,and gender?

If there is systematic discrimination against a group of workers,then the wage paid to those workers likely will be

Jake and Harry each have 130 hours of college credit from Impressive University.Each has 30 hours of economics.Jake has a bachelor's degree,while Harry is 3 credits short of required physical education classes and therefore does not have a degree.Each of them has one year of experience as a market analyst for ABC Company.Assuming that the physical education class would not enhance Harry's job performance,if Jake earns a higher salary than Harry,the ABC Company may subscribe to the

Which of the following would be considered an investment in human capital?

Scenario 19-2 Travis, a student at a community college, is considering what he should do for summer employment. Two recruiters show up at his school in search of summer workers. Recruiter A is looking for workers to help a disaster relief agency distribute food aid in Africa. Recruiter B is looking for custodial help to clean motel rooms in a motel located near the entrance to a famous national park. -Refer to Scenario 19-2.Travis is carefully considering the options that each recruiter presents.On the basis of knowledge obtained in his economics class,Travis concludes that

Certain factors that are probably important in determining wages are nevertheless difficult to measure.Consequently,labor economists find those factors difficult to incorporate into their studies of labor markets and wages.Those factors include

If people with blue eyes earn more than people with brown eyes,we have proof of discrimination against people with brown eyes.

Consumers are often a primary source of discrimination in labor markets.

A compensating differential is

Between 1980 and 2008,the wage gap between men with a high school education and men with a college education has increased.In particular,in 2008 men with a college degree earned about

Higher levels of human capital are correlated with higher earnings because firms are willing to pay more for better-educated workers who have higher marginal productivities.

Discrimination occurs when the marketplace offers different opportunities to similar individuals who differ only by

The theory of efficiency wages suggests that firms may pay above-equilibrium wages

Job A is easy,fun,and safe.Job B is hard,dull,and dangerous.All else equal,we would expect Job A to pay

The difference in wages paid to major-league baseball players and minor-league baseball players is most likely due to

In the early twentieth century,streetcars in many southern cities were segregated by race.This racial segregation was the result of

Which of the following is not an example of human capital for a college economics professor?