Scenario Two security guards have the same amount of schooling and work experience but earn different wages. One of them works for a prison and earns an annual wage of $55,000 per year. Another works for a museum and earns an annual wage of $34,000 per year. Hilary earns an annual salary of $70,000 as a financial analyst for a large accounting firm. Kevin works in a similar position (with similar experience and productivity) as Hilary but for a rival accounting firm that offers its employees free child care and a free gym at work. Kevin earns a salary of $55,000 per year. Latasha, a 50-year-old doctor with 20 years of experience, earns more than Nick, a 30-year-old doctor just out of medical school with the same skills and field of specialization. A law firm hires Frances, a recent graduate from law school, and pays her an annual wage of $40,000. It also hires Carlos, a second-year law student, and pays him an annual wage of $30,000. Frances and Carlos were born in the same country, attended the same university, and studied in the same graduate program. Differences in Skills and Human Capital Differences in Job Preferences Age Differences in Worker Preferences

Scenario Two security guards have the same amount of schooling and work experience but earn different wages. One of them works for a prison and earns an annual wage of $55,000 per year. Another works for a museum and earns an annual wage of $34,000 per year. Hilary earns an annual salary of $70,000 as a financial analyst for a large accounting firm. Kevin works in a similar position (with similar experience and productivity) as Hilary but for a rival accounting firm that offers its employees free child care and a free gym at work. Kevin earns a salary of $55,000 per year. Latasha, a 50-year-old doctor with 20 years of experience, earns more than Nick, a 30-year-old doctor just out of medical school with the same skills and field of specialization. A law firm hires Frances, a recent graduate from law school, and pays her an annual wage of $40,000. It also hires Carlos, a second-year law student, and pays him an annual wage of $30,000. Frances and Carlos were born in the same country, attended the same university, and studied in the same graduate program. Differences in Skills and Human Capital Differences in Job Preferences Age Differences in Worker Preferences

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: Earnings And Discrimination

Section: Chapter Questions

Problem 8PA

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Otherthingsbeingconstant,howwillthefollowinginfluence the hourly earnings of employees? Explain your answer. The employee must work the midnight to 8:00 a.m. shift. The job involves split shifts (work three hours, off two hours, work three additional hours, and so on). Theemployerprovideslow-costchildcareservicesonthe premises. The job is widely viewed as prestigious. The job requires employees to move often from city to city. The job requires substantial amounts of out-of-town travel.
Sonia works at a restaurant where tips are pooled and divided equally. Anna works at a different restaurant where she keeps the tips her customers leave for her. Which of the following is true? O It's impossible to say without more information. O Sonia works harder, because she reccives the same amount of tips as other workers, O Both work equally hard bccause their hourly wage from the employer is low, and they can make up for this with tips O Anna works harder because her tips are her private property.
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Discuss the effect of economic factors on pay of Employees brodly.
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