Suppose that labor market experience is the only characteristic that influences wages. Suppose also that males and
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Suppose that labor market experience is the only characteristic that influences wages. Suppose also that males and females have different levels of experience and have different "wage functions" (equations that show relationship between wages and experience). The male and female wage functions are given by the following:
Based on the given information, if men and women had the same labor market experience,
a. Men's and women's pay would be the same.
b. Men's pay would be higher than women's pay.
c. Women's pay would be higher than men's pay.
d. Firms would treat men and women the same.
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Related Book For
Introduction To Economics Social Issues And Economic Thinking
ISBN: 9780470574782
1st Edition
Authors: Wendy A. Stock
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