Chapter 19 - The economics of labor market discrimination. After completing this unit, you should be able to: Describe the sources of earnings differences among people, define discrimination, summarize the predominant economic models of discrimination, | Introduction to Economics: Social Issues and Economic Thinking Wendy A. Stock PowerPoint Prepared by Z. Pan Chapter 19 The Economics of Labor Market Discrimination Copyright © 2013 John Wiley & Sons, Inc. / Photo Credit: ©Jacob Wackerhausen/iStockphoto 1 Describe the sources of earnings differences among people Define discrimination Summarize the predominant economic models of discrimination Model the effects of discrimination Discuss the main antidiscrimination policies in the . and the research findings on the effectiveness of these policies Copyright © 2013 John Wiley & Sons, Inc. 2 After studying this chapter, you should be able to: 2 The . workforce has become more racially and gender diverse over the past 30 years. An Earnings Ratio measures the earnings of one group as a percentage of the earnings of another group. The Pay Gap is the percent difference in earnings between two groups. Copyright © 2013 John Wiley & Sons, Inc. 3 RACE AND GENDER IN THE . WORKFORCE 3 Copyright © 2013 John Wiley & Sons, Inc. 4 RACE AND GENDER IN THE . WORKFORCE 4 Demand and supply of labor Levels of education and training Full-time vs. part-time Cost of living differences between areas Types of jobs About half of the pay gap between black and white workers is explained by differences in the education, age, sex, location, occupation, and industry characteristics. Copyright © 2013 John Wiley & Sons, Inc. 5 causes for the pay gaps 5 Copyright © 2013 John Wiley & Sons, Inc. 6 Education Attainment by Race and Ethnicity 6 Discrimination in the labor market occurs when workers who are equally productive are treated differently based on characteristics that are not related productivity, or when workers who are not equally productive are treated the same because of some arbitrary characteristic. Copyright © 2013 John Wiley & Sons, Inc. 7 WHAT IS DISCRIMINATION? 7 In Taste-based Models of discrimination , people are assumed to have preferences not to work with, hire, or buy . | Introduction to Economics: Social Issues and Economic Thinking Wendy A. Stock PowerPoint Prepared by Z. Pan Chapter 19 The Economics of Labor Market Discrimination Copyright © 2013 John Wiley & Sons, Inc. / Photo Credit: ©Jacob Wackerhausen/iStockphoto 1 Describe the sources of earnings differences among people Define discrimination Summarize the predominant economic models of discrimination Model the effects of discrimination Discuss the main antidiscrimination policies in the . and the research findings on the effectiveness of these policies Copyright © 2013 John Wiley & Sons, Inc. 2 After studying this chapter, you should be able to: 2 The . workforce has become more racially and gender diverse over the past 30 years. An Earnings Ratio measures the earnings of one group as a percentage of the earnings of another group. The Pay Gap is the percent difference in earnings between two groups. Copyright © 2013 John Wiley & Sons, Inc. 3 RACE AND GENDER IN THE . WORKFORCE 3 .
