Exam 20: Earnings, Unions and Discrimination

Which of the following might be added benefits of forcing students to stay in school longer? (i) a lowering of the opportunity cost of dropping out of school (ii) a better learning environment in the classroom for those who are compelled to stay in school (iii) lower crime rates

A plumber who specialises in cleaning plugged sewer lines is typically paid a higher wage than a plumber who works on installing water systems in new residential housing. This is likely to be partly explained by the fact that:

Which theory explains the fact that some firms may choose to pay their employees more than they would normally earn?

Discrimination is an emotionally charged issue but can still be studied objectively.

Of the theories listed below, which does the best job of explaining why educated people are paid more than uneducated people?

When wage differentials are observed in competitive labour markets, the neoclassical theory of labour markets would predict:

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

Sarah, a university student, is trying to consider what she should do for summer employment. Two recruiters show up at her university in search of summer workers. Recruiter A is looking for lifeguards to patrol the beach. Recruiter B is looking for workers to staff positions at a summer youth camp. On the basis of knowledge obtained in her economics class, Sarah is likely to conclude that:

On the basis of knowledge obtained in her economics class, Sarah is likely to conclude that:

Billy works for the local piano-moving company part-time after school. Billy has worked on the job for a couple of years but still hasn't received a wage rise, even though newer employees have received raises. Billy has threatened his employer with a lawsuit if he doesn't get a raise in the next few weeks. Billy believes he is being severely discriminated against. Use this information to answer the following question(s). -Refer to the information provided. In a competitive market for piano movers, why might Billy's wage differential persist?

List the productivity factors that may explain the difference in pay between men and women in similar occupations. Do any of these factors arise as a result of cultural or social traditions? If so, describe how changes in social relationships affect the pay gap over time.

Why are the best athletes paid so much?

According to the human capital view, education enhances productivity.

A comparable worth law is likely to:

On the basis of knowledge obtained in her economics class, Sarah is likely to conclude that:

When an employer pays the cost of educating a worker, it is likely that:

The theory of efficiency wages explains above-equilibrium wages by assuming that workers get a rise in wage when they prove they are increasing their productivity.

Which of the following statements accurately reflects changes in the level of education among women? (i) women are receiving a larger percentage of all bachelor's degrees than they used to (ii) women are receiving a larger percentage of professional qualifications than they used to (iii) relative earnings of women workers are falling despite educational advances

Efficiency wages are above-equilibrium wages paid by firms to encourage productivity and decrease worker turnover.

Restricting some jobs to only union members is likely to: