Important question

Important question - economics

Assignment Help Macroeconomics

Reference no: EM1373786

Assume an employer offers a base wage of twenty dollar per hour for the 1st 40-hours of a work each week and overtime pay of thirty dollar per hour for any hours beyond forty per week; the employer allows workers to choose their own hours of work. Suppose employee A chooses to work thirty-six hours per week and employee B chooses to work forty-two hours per week. Compute the average weekly earnings for employees A and B, and compute the "earning gap" (in percentage terms) between them. In your view, does this observed earnings gap constitute discrimination? Justify conclusion.

A recent British study found that married mean earned more than unmarried men---but only if their wives did not have full-paid employment. Suggest an explanation for this finding. (Hint: In which case is a man more likely to share in the household responsibilities, including child care?)

Women who own their own businesses earn net profits that are only half as large as the net profits earned by men who own their own businesses. First, consider why women would be willing to accept lower profits. Could this reflect poorer options for women as employees? Alternatively, could it reflect other attributes of self-employment that women might fing more advantageous than do men? Then think about why women do earn lower profits. Is this evidence of discrimination? If so, by whom? If not, what else might account for the lower profits?

Why do you think we have laws that prohibit discrimination in pay based on sex or race but permit employers to discriminate in pay based on education or experience?

Reference no: EM1373786

Questions Cloud

Multiple choice questions related to microeconomics : Assume buyers in the used car market are willing to pay $3,500 for a plum used car and $1,500 for a lemon used car. If buyers believe that thirty percent of the used cars.

Elimination of minimum wage law coverage : People of different age groups and situations take advantage of part time employment opportunities provided through the fast food industry.

Compute the industry equilibrium wage : Competitive Market Equilibrium. Assume demand and supply situations in the competitive market for unskilled labor are as follows;

Analyze the effects on wages and employment : Based on economist Albert Rees, there is evidence that contracts sometimes exist "among employers not to increase wages individually or not to employee away each other's workers

Important question - economics : Assume an employer offers a base wage of twenty dollar per hour for the 1st 40-hours of a work each week and overtime pay of thirty dollar per hour for any hours beyond forty per week,

Important question about perfectly competitive firm : Could a labor union or a minimum wage law efficiently help to increase wages, rise employment, or improve working situations in a company

Influence the supply and demand of a nurse position : Two principles of economics that help describe how wages are determined in a market economy, Think these principles when completing the project. Think of how they apply to labor market for nurses.

Impact of the proposed tax on the optimal retirement age : Most Social Security recipients do not currently pay federal or state income takes on their benefits. Assume the government proposes to tax these profits at same rate as other types of income.

Why government support public education : Explain why does the government support public education when the private sector also provides this service and describe why labor productivity is important but not the only key to improvement in living standards.

User Account

All Pages