Draw simple labor supply and demand graphs for the occupations of economists and elementary school teachers to show the labor market in each profession. Assume that some workers prefer to teach school, and some prefer to do economics, but that all will change occupations if the wages are high enough.
Now assume that men face discrimination that prevents them from becoming economists; show and explain the effect of this discrimination on wages and labor supply in both occupations graphically and in your own words.
Show the reduction in output from discrimination. Show the economic gains from eliminating discrimination. With such gains, why has it been so difficult to enact and enforce anti-discrimination policies?
Review Gerald Friedman, âThe Wages of Gender,â Real World Micro, 8.3. Why are women in low-wage jobs? Do they prefer lower wages? Does their lower wage mean that they are less productive people?
Draw simple labor supply and demand graphs for the occupations of economists and elementary school teachers to show the labor market in each profession. Assume that some workers prefer to teach school, and some prefer to do economics, but that all will change occupations if the wages are high enough.
Now assume that men face discrimination that prevents them from becoming economists; show and explain the effect of this discrimination on wages and labor supply in both occupations graphically and in your own words.
Show the reduction in output from discrimination. Show the economic gains from eliminating discrimination. With such gains, why has it been so difficult to enact and enforce anti-discrimination policies?
Review Gerald Friedman, âThe Wages of Gender,â Real World Micro, 8.3. Why are women in low-wage jobs? Do they prefer lower wages? Does their lower wage mean that they are less productive people?
