Questions are from labour economics.

please post the solutions in order and only do Problem 2, thank you!

Q2. In the above example, assume that the average job evaluation score was 300 points in male-dominated jobs and 200 points in female-dominated jobs.

a. what is the average pay in male-dominated jobs and in female-dominated jobs?

b. use an Oaxaca decomposition to decompose the average pay differential between male and female-dominated jobs into two components: a portion attributable to the differences in job evaluation points (valued according to the male pay for such points) and a portion attributable to differences in pay for the same job evaluation points

c. Use that same decomposition but this time evaluate the differences in job evaluation points according to the female pay for such points.

PROBLEMS 1. Suppose that a pay equity plan has just been put in b. What would it be after pay equity? What is the place in your organization. The pay equity consulting magnitude of your pay equity award? firm did a job evaluation and assigned points to each 2. In the above example, assume that the average job of the male-dominated and female-dominated jobs. evaluation score was 300 points in male-dominated It then estimated the following male and female pay jobs and 200 points in female-dominated jobs. lines by ordinary least squares regression, where Y denotes annual earnings, P denotes job evaluation a. What is the average pay in male-dominated jobs and in female-dominated jobs? points, and the subscripts m and f denote male and female respectively: b. Use a Oaxaca decomposition to decompose Ym = 5000 +100Pm the average pay differential between male- and female-dominated jobs into two components Y = 4000 + 80P a portion attributable to the differences in job Assume that you were an employee in the female- evaluation points (valued according to the male dominated jobs and that your job evaluation score pay for such points) and a portion attributable was 200. to differences in pay for the same job evaluation a. What would your pay be before pay equity? points.c. Use that same decomposition but this time evaluate the differences in job evaluation points according to the female pay for such points