theme 3

Cards (29)

  • What is a primary reason women experience wage differentials?
    They take breaks for family responsibilities
  • How do breaks from the workforce affect women's MRP?
    They can lose skills and productivity
  • What happens to women's demand in the labor market when they take breaks?
    It decreases from D1 to D2
  • What factor contributes to women being less qualified than men in developing countries?
    Unequal educational opportunities
  • How do cultural factors affect girls' education in developing countries?
    They limit time spent in school
  • What has changed in developed countries regarding women's education?
    Women often surpass men in educational attainment
  • What impact has legislation had on women's labor force participation?
    It has increased women's supply in the workforce
  • How does the shift in women's supply curve affect wages?
    It reduces wages from W1 to W2
  • In which occupations are women concentrated in the UK?
    Part-time and service sector jobs
  • Why do women earn lower wages in part-time jobs?
    They are less likely to demand higher wages
  • What is a consequence of women being less likely to make wage demands?
    They become targets for wage discrimination
  • What is a common form of labor discrimination against women?
    Paying women less due to prejudice
  • How has the reduction of union density affected women's wages?
    It has made negotiating pay more difficult
  • Why do footballers earn higher wages than teachers?
    Footballers have a higher MRP
  • What contributes to the high MRP of footballers?
    Unique talents generating significant revenue
  • How does the supply of elite footballers affect their wages?
    Low supply keeps wages high
  • Who employs state school teachers in the UK?
    The government as a monopsony employer
  • How does the monopsony power of the government affect teachers' wages?
    It sets wages below their MRP
  • What limits the effectiveness of teachers' unions in wage negotiations?
    Reluctance to strike during critical times
  • What happens to labor supply when teachers' wages fall?
    It decreases but less proportionally
  • What is the impact of regional economic restructuring on wage differentials?
    It widens wage differentials between regions
  • How does unemployment in northern manufacturing affect local economies?
    It reduces demand for goods and services
  • What is a reason northern workers may not migrate south for jobs?
    Occupational and geographical immobility
  • What happens to the wage differential if only prosperous northern workers migrate south?
    It widens the differential further
  • What is a common issue faced by minority ethnic groups in the labor market?
    Low qualifications and productivity
  • How does limited English proficiency affect ethnic minority workers?
    It lowers their MRP for higher-paid jobs
  • What is the effect of ethnic concentration in low-wage occupations?
    It pushes down wages for those workers
  • What is a consequence of ethnic minority workers living in poorer areas?
    Lower demand for their labor
  • How do family ties affect ethnic minority workers' job mobility?
    They limit their willingness to migrate