When researchers estimate gender discrimination in the labor market, they take account of many observable factors that are thought to impact wages. For example, they may adjust wages because of differences between men and women in education, occupation, experience, location, etc. Of course, it is not possible to control for all differences that may affect earnings, but after accounting for many observable differences, the researchers find that men are typically paid more than women. Do you think that this methodology overestimates or underestimates the total effect of discrimination on wages? Briefly explain why, using what you’ve learned about labor market discrimination.