What is the biggest problem with the statement: “High school graduates in 2010 make x% more(less)...
What is the biggest problem with the statement: “High school graduates in 2010 make x% more(less) than high school graduates in 1980.”?
Explain what has happened to gender wage differentials in the US over the last 60 years.
Explain why gender wage differentials in science and technology are smaller than in business and health related fields.
Homework Answers
Ans
1 The problem is it takes onto account only nominal values and neglects role of inflation. We should focus on real variables
2 Gender wage differentials have fallen due to new laws, new attitude about women rights and greatar women participation in labour force.
Because they are hardly enough talented scientists and engineers. Thus demand for such skilled labour is quite high and employers are willing to pay more to even women scientists
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What is the biggest problem with the statement: “High school
graduates in 2010 make x% more(less)...
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