59 S9 Employment Milions Employment (Millions) Employment (Millions Assumotors (

Question

59 S9 Employment Milions Employment (Millions) Employment (Millions Assumotors (n ?" labor force comprises 9 milion men and 9 milion women werkers (2, the economy has 3 occupations, Y, and Z, each having identical demand curves for labor, (3) male and female workers are homogeneous with respect to their abor-market capabilities: (4) women are discriminated against by being excluded from occupations X and Y and are confined to Z; and (5) aside from discrimination, the economy is competitive, and workers seek to maximize their earnings. Refer to the diagram and liest of assumptions. discrimination is ended

Explanation / Answer

3 million women will leave occupation Z with 1.5 million entering occupation X and 1.5 million entering occupation Y.

With discrimination there are 9 million women in Z and 4.5 million in each X and Y. This lowers the wage rate in Z.

After discrimination, women will exit from Z to get higher wage in X and Y. This process will go on until workers in all three occupations are equal meaning equal wage rate.

Related Questions

Navigate

• Browse (All)
• Browse 5
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.