Question

1a. Assume that you are single and have just graduated college and are thinking of taking a job at a wage of W1. How many hours of market work per day would you choose? Theoretically, how do you determine this? Explain based on your choice of hours worked. b. What would happen to your decision of how many hours a day to devote to market work if your wage increased to W2? c. Now assume that you get married and your spouse works and earns $100 a day. How will this affect your decision of how many hours to work? d. Assume that you are still married with a spouse that earns $100 a day and now you have a new baby. How will the new addition affect your decision of how many hours to work in paid work? e. Is your decision of how many hours to work more consistent with the typical woman or man? f. What are some of the issues with this model used to determine your allocation? Justify your answer for all parts (75 points) 2. What is one way to help combat the wage gap? Why should this method help? What are some of the issues stopping this method from being implemented? (25 points) (1-2) 3. Are men and women in the same jobs? If so (or not), how does this relate to wages and the gender wage gap? What is keeping women in feminine jobs? (50 points) (1-3) 4. What supply side factors explain the wage gap? Explain each of these factors with focus on how each helps explain the wage gap. What evidence do we have for each factor? (50 points) (2-4)

Answer 1

Ar8 aer 3 @ Theoretically determination of given situation is: → By law we can't work more than 48 hours a week on averager normally averaged over 17 weeks. · This law is sometimes called the working time directive" (or) working time regulations": - you can choose to work more by opting out of the 48 howk! If you are under 18, you can't work more than & hrs a day or 40 hrs a week. $7.25anho. . The federal minimum wage of ® Decision of how many hours a day to devote to market workif wage increased to wai » Gross pay. paid by a company Gross pay represents the total amount tits employees.

pretax Gross pay does not take into account any deductions or other exemptions for income оr еxаmрlе, т.5 от Comeo Po8 on employee Xчооо each month, the employees gross wages for the year equal 848,00 basically the statement" salary or pay. rate of $50 an hy on Wa" refers to the employer requiting you to work as an employee on what an hourly rate, as opposed to 1099. so if you work full time at 8 so lhr for lyr, you will gross 850*2080 hos = 8104,000 annual salary (minus tax) © If got married and spouse works and earns $100 aday, the effect of this on decision of noof has to work: If spouse earns 8100 per day per hy earning = 816.6 AS law permit to work udars a week my earming s.

2 . If considered 87.25 per hrs then may be reduced to this a week but all the situations depends on the expenses of both. @ Spouse and baby then: espouse eams 8100) > family member some There is an increase of new more expenses are bounded to be added therefore we schedule of workings of Ghors have to follow same a day to increase earnings. - o -