Question 1

The rate of return to education is higher for women than for men because

Accepted Answer

A)  Women self select into higher paying occupations 
B)  Women are more productive than men , controlling for occupation 
C)  Women's earnings in the female comparator group are lower than those in the male comparator group. 
D)  There is discrimination against men. 
A)  Women self select into higher paying occupations 
B)  Women are more productive than men , controlling for occupation 
C)  Women's earnings in the female comparator group are lower than those in the male comparator group. 
D)  There is discrimination against men. C

Question 2

Lazear explains mandatory retirement as being the result of

Accepted Answer

A)  Pay back-loading 
B)  Productivity declining with age 
C)  The increasing cost of private pension schemes 
D)  The attempt by employers to choose a pay profile which maximises effort. 
A)  Pay back-loading 
B)  Productivity declining with age 
C)  The increasing cost of private pension schemes 
D)  The attempt by employers to choose a pay profile which maximises effort. A , D

Question 3

Family background influences the amount of education received because

Accepted Answer

A)  Capital markets are imperfect 
B)  Nepotism affects occupational choice 
C)  More educated parents produce children with higher IQs on average 
D)  Regression to the mean is absent. 
A)  Capital markets are imperfect 
B)  Nepotism affects occupational choice 
C)  More educated parents produce children with higher IQs on average 
D)  Regression to the mean is absent. A ,B, C

Question 4

Labour force participation rates vary across countries because of

Accepted Answer

A)  Different social and cultural norms 
B)  Differences in unemployment benefit systems 
C)  Definitional differences 
D)  Demographic differences in populations. 
A)  Different social and cultural norms 
B)  Differences in unemployment benefit systems 
C)  Definitional differences 
D)  Demographic differences in populations.

Question 5

The additional worker hypothesis

Accepted Answer

A)  Suggests that labour force participation will increase as economic activity declines 
B)  Rests on the supposition that married women join the labour force to offset the reduced income of their husbands 
C)  States that more people will work in boom periods 
D)  Depends on the notion that single women are secondary workers. 
A)  Suggests that labour force participation will increase as economic activity declines 
B)  Rests on the supposition that married women join the labour force to offset the reduced income of their husbands 
C)  States that more people will work in boom periods 
D)  Depends on the notion that single women are secondary workers.

Question 6

Men are more likely to become self employed than women because

Accepted Answer

A)  Women are discriminated against 
B)  Women are more risk averse than men 
C)  Women find it more difficult to accumulate financial assets 
D)  Women are less likely to take up self employment when they lose their jobs. 
A)  Women are discriminated against 
B)  Women are more risk averse than men 
C)  Women find it more difficult to accumulate financial assets 
D)  Women are less likely to take up self employment when they lose their jobs.

Question 7

The cobweb model is

Accepted Answer

A)  Is relevant in the case of any occupation 
B)  Is dependent for the attainment of equilibrium on stable, highly damped fluctuations 
C)  Is dependent for the attainment of equilibrium on the supply elasticity being greater than the demand elasticity 
D)  Is important in occupations in which shortages cannot be immediately rectified. 
A)  Is relevant in the case of any occupation 
B)  Is dependent for the attainment of equilibrium on stable, highly damped fluctuations 
C)  Is dependent for the attainment of equilibrium on the supply elasticity being greater than the demand elasticity 
D)  Is important in occupations in which shortages cannot be immediately rectified.

Question 8

Private rates of return to education exceed social rates of return because

Accepted Answer

A)  Social returns do not include the impact of education on economic growth and social cohesion 
B)  Private returns take into account the higher taxes paid by the more educated 
C)  Social returns include negative externalities 
D)  Private returns do not take into account the share of education costs borne by the taxpayer. 
A)  Social returns do not include the impact of education on economic growth and social cohesion 
B)  Private returns take into account the higher taxes paid by the more educated 
C)  Social returns include negative externalities 
D)  Private returns do not take into account the share of education costs borne by the taxpayer.

The rate of return to education is higher for women than for men because

Lazear explains mandatory retirement as being the result of

Family background influences the amount of education received because

Labour force participation rates vary across countries because of

The additional worker hypothesis

Men are more likely to become self employed than women because

The cobweb model is

Private rates of return to education exceed social rates of return because

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Trade Unions

Bargaining and Conflict

The Structure of Labour Markets

Wage Incentives

Labour Market Policy

Filters

Exam 1: Labour Force Participation

The rate of return to education is higher for women than for men because

Lazear explains mandatory retirement as being the result of

Family background influences the amount of education received because

Labour force participation rates vary across countries because of

The additional worker hypothesis

Men are more likely to become self employed than women because

The cobweb model is

Private rates of return to education exceed social rates of return because

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Trade Unions

Bargaining and Conflict

The Structure of Labour Markets

Wage Incentives

Labour Market Policy

Filters