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,Tom would be most likely to agree with which of the following quotes?

Which of the following would not be considered human capital?

Two economists created fake resumes with either common African-American names such as Lakisha and Jamal or common white names such as Emily and Greg.After sending them to potential employers with "Help Wanted" ads in Boston and Chicago newspapers,they found that

Nick and Daryn are both market analysts who graduated from the same university with bachelors' degrees in economics and achieved similar performance reviews.Daryn has one year more experience in his current position than does Nick.If Daryn earns a higher annual salary than Nick because he has an additional year of tenure,the employer is

Men and women tend to choose different types of occupations,and so

Cory has just graduated from veterinary school.He can earn $40,000 working at a small animal clinic or $50,000 working with farm animals and horses where the risks of getting injured by an animal are higher.The higher salary to work with larger animals is an example of

Discrimination by a manager in the hiring process

Labor-market discrimination based solely on age is illegal in the United States.

In the early twentieth century,racial segregation of streetcars in the southern cities was largely opposed by

All differences in wages that are not accounted for by differences in human-capital investment are likely to be a result of discrimination.

Human capital is

A plumber who specializes in cleaning plugged sewer lines is typically paid a higher wage than a plumber who works on installing water systems in new residential housing.Which of the following would push the wages of plumbers who work on sewer lines higher?

The example of segregated streetcars in the southern United States in the early twentieth century is one example of

In the early 20th century,streetcars in many southern cities required that white passengers sit in the front of the car while black passengers sat in the back.The firms that ran the streetcars were

Which of the following statements accurately explains the superstar phenomenon in wages?

Evidence of differences in average wages of black workers compared to white workers

Which of the following comparisons best illustrates a compensating differential?

Jill is the best eye surgeon in town,and she earns $350,000 a year.Susan is an average eye surgeon in town,and she earns $100,000 a year.Jill's skills as a surgeon

Suppose that a company hires recent college graduates for two types of jobs,sales people and credit analysts.The hours worked and skill levels are the same for both positions.The sales people get to travel to several desirable locations,whereas the credit analysts do not leave the home office.When comparing the salaries of the two positions,it is likely that the company pays the

Evaluate the following statement: "The gender pay gap provides evidence of widespread,severe,ongoing discrimination by employers and fellow workers."