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micro-macro
EVAL PACK
theme 3
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Created by
miz
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Cards (29)
What is a primary reason women experience wage differentials?
They take breaks for
family responsibilities
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How do breaks from the workforce affect women's MRP?
They can lose
skills
and productivity
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What happens to women's demand in the labor market when they take breaks?
It decreases from
D1
to
D2
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What factor contributes to women being less qualified than men in developing countries?
Unequal educational opportunities
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How do cultural factors affect girls' education in developing countries?
They limit
time spent
in school
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What has changed in developed countries regarding women's education?
Women often surpass men in educational
attainment
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What impact has legislation had on women's labor force participation?
It has increased
women's supply
in the
workforce
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How does the shift in women's supply curve affect wages?
It reduces wages from
W1
to
W2
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In which occupations are women concentrated in the UK?
Part-time
and service sector jobs
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Why do women earn lower wages in part-time jobs?
They are less likely to demand
higher wages
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What is a consequence of women being less likely to make wage demands?
They become targets for
wage discrimination
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What is a common form of labor discrimination against women?
Paying women less due to
prejudice
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How has the reduction of union density affected women's wages?
It has made
negotiating
pay more difficult
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Why do footballers earn higher wages than teachers?
Footballers have a higher
MRP
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What contributes to the high MRP of footballers?
Unique
talents generating significant revenue
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How does the supply of elite footballers affect their wages?
Low
supply
keeps
wages
high
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Who employs state school teachers in the UK?
The government as a
monopsony
employer
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How does the monopsony power of the government affect teachers' wages?
It sets wages below their
MRP
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What limits the effectiveness of teachers' unions in wage negotiations?
Reluctance to
strike
during critical times
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What happens to labor supply when teachers' wages fall?
It decreases but less
proportionally
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What is the impact of regional economic restructuring on wage differentials?
It widens wage differentials between
regions
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How does unemployment in northern manufacturing affect local economies?
It reduces demand for
goods and services
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What is a reason northern workers may not migrate south for jobs?
Occupational
and
geographical
immobility
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What happens to the wage differential if only prosperous northern workers migrate south?
It
widens
the
differential
further
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What is a common issue faced by minority ethnic groups in the labor market?
Low
qualifications
and productivity
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How does limited English proficiency affect ethnic minority workers?
It lowers their
MRP
for higher-paid jobs
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What is the effect of ethnic concentration in low-wage occupations?
It pushes down
wages
for those workers
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What is a consequence of ethnic minority workers living in poorer areas?
Lower demand
for their labor
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How do family ties affect ethnic minority workers' job mobility?
They
limit
their willingness to migrate
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