ECON 306 Lecture Notes - Lecture 15: Comparative Advantage, Opportunity Cost, Equal Opportunity
24 May 2017
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Recall that female earning is about 60% of males. 70& for full time workers controlling for experience and type of education, 90%. Conclusion: when we control for occupation, the discrimination gap is very small. But: the residual remains, attributed to discrimination, of about 5-10% It is possible that the discrimination gap is close to 0 but it is more likely to be in the. Conclusion: the wage gap is caused by a combination of small factors, rather than one single factor. Comparative advantage and household responsibility: people go where the opportunity cost is the lowest. In this case, the woman has the lowest opportunity cost of staying at home. Even if the man was better at doing the dishes, since he earns more money he would go to work. Level and type of training influenced by social perspectives of patriarchy) Another article: dynamics of the gender gap for young professionals in the financial and corporate sectors.
