Exam 19: Earnings and Discrimination

Which of these instances would constitute labor-market discrimination? Annette receives a higher wage than Justin.Annette and Justin are identical in all of their labor-market characteristics except that

Profit-maximizing,competitive firms will not discriminate in the hiring of workers unless consumers exercise a preference for discrimination in product markets or governments mandate discrimination.

An "international trade" hypothesis has been advanced as an explanation for the widening earnings gap between skilled and unskilled workers in the United States.This hypothesis asserts that,when international trade expands,the domestic demand for skilled labor

Explain how compensating differentials could contribute to differences between the average wages of men and women.

Explain the role that consumers play in perpetuating discrimination in labor markets.

Studies have shown that nonunion workers earn about

In the United States,the earnings gap between workers with college degrees and workers with high school degrees

A difference in wages between a highly-educated worker and a less-educated worker is

Technology is an important factor in explaining the high incomes of superstars because

The theory of efficiency wages challenges the assumption that

Which of the following statements does not accurately describe the market for labor?

Other things equal,a particular job will likely pay a higher wage if it involves

On average,electricians who work on dangerous high-voltage power lines earn more per hour than similarly skilled electricians who don't work on dangerous high-voltage power lines.The difference in pay is attributed to

Economists who study labor markets have discovered that

Studies suggest that union workers earn

After graduating from college,you receive job offers from five different accounting firms.All job offers have a different compensation package.Is it irrational for you to accept an offer that doesn't provide the highest level of monetary compensation? Use the concept of compensating differentials to explain your answer.

According to the signaling theory of education,

Which of the following explains the widening earnings gap between skilled and unskilled workers in the United States?

The fact that wage differentials continue to exist across different groups of workers leads economists to believe that

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