Would this create a case for salary differentials

Assignment Help Business Economics

Reference no: EM13984051

1 Suppose that a school district pays all high school teachers with the same years of experience the same salary, regardless of teaching field, and that this produces a surplus of History and English teachers, and a shortage of Science and Math teachers. Would this create a case for salary differentials? (Think of what causes shortage/surplus)

2) How could the problem of concurrent surplus and shortage be solved without paying Science and Math teachers more than History and English teachers?

3) Why has the policy of identical wages in fact produced shortages of Science and Math teachers, along with surpluses of History and English teachers in many school districts? What factors have contributed on the demand side? On the supply side?

Reference no: EM13984051

Questions Cloud

Made the need for effective safeguards more urgent : Discuss. “The internationalization of banking has weakened national safeguards against banking collapse, but at the same time it has made the need for effective safeguards more urgent.”

Technology contributes to the experience of workplace stress : What are some of the ways in which evolving technology contributes to the experience of workplace stress? What are some intervention that employee and employers might attempt in order to avoid or mange the stress associated with technology?

Distribution of consumption as a fairness concern : Traditionally we look at the distribution of consumption as a fairness concern, not an efficiency concern. Why is that the case? Is there a perspective from which income distribution looks like a public good?

Non-excludable in theory : What does it mean for a good to be non-excludable in theory one may worry that such a problem could completely shut down private markets. How did we deal with that in designing a private environment for the public goods case so that this doesn't happ..

Would this create a case for salary differentials : Suppose that a school district pays all high school teachers with the same years of experience the same salary, regardless of teaching field, and that this produces a surplus of History and English teachers, and a shortage of Science and Math teacher..

What might congress do to stabilize aggregate demand : Suppose that survey measures of consumer confidence indicates a wave of pessimism is sweeping the country. If policymakers do nothing, what will happen to aggregate demand? What should the Fed do if it wants to stabilize aggregate demand? If the Fed ..

Human capital model of education : From a policy point of view, does the evidence in Adults Adrift support a screening or or human capital model of education. How would the answer to this question affect any policy prescriptions you have? If schools are not sufficiently endowing human..

Procedure necessary to solve for equilibrium analytically : Describe the procedure necessary to solve for equilibrium analytically. Show how this translates in an economy with an Edge worth box. If you have a demand curve as part of your solution method you should explain how it is derived from consumer and/o..

Given that labor remains relatively immobile within europe : Discuss Fully. "Given that labor remains relatively immobile within Europe, the European Union's success in liberalizing its capital flows may have worked perversely to worsen the economic stability loss due to the process of monetary unification."

User Account

All Pages