We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byVanessa McElroy
Modified over 2 years ago
© The McGraw-Hill Companies, 2002 Different types of labour
© The McGraw-Hill Companies, 2002 1 Hourly earnings in the UK 2000 In both manual and non-manual occupations, men are seen to earn more than women. Does this mean there is discrimination?
© The McGraw-Hill Companies, 2002 2 Sources of differential pay Education and training Job experience Race and gender Trade union membership
© The McGraw-Hill Companies, 2002 3 Human capital The stock of expertise accumulated by a worker It is valued for its income-earning potential in the future A form of investment
© The McGraw-Hill Companies, 2002 4 Age-earnings profiles Age-earnings profiles show how typical earnings vary with age and educational qualifications –education induces a differential –which tends to increase with age. Age Income No formal qualifications A-level or equivalent University degree or equivalent
© The McGraw-Hill Companies, 2002 5 Worker organisations designed to affect pay and working conditions. A closed shop –an agreement that all the firm's workers will be members of a trade union. A trade union may raise wages by restricting labour supply. Trade unions
© The McGraw-Hill Companies, 2002 6 D' Unions in the labour market Employment Wage W0W0 With no union, the industry faces a horizontal labour supply curve at the wage W 0. By restricting labour supply to N 1, the union can increase wage to W 1 N1N1 W1W1 The differential is larger for any given reduction in industry employment, the more inelastic is industry labour demand Given industry demand for labour DD, equilibrium is at E 0. D E0E0 N0N0 D
© The McGraw-Hill Companies, 2002 7 Discrimination? Women and non-whites on average receive lower incomes than white males. Women and non-whites are concentrated in relatively unskilled jobs with fewer opportunities for promotion. This need not reflect blatant sexism or racism by employers...
© The McGraw-Hill Companies, 2002 8 Discrimination? (2) It may reflect –educational or other disadvantages before young workers reach the labour market –a low perceived rate of return for firms on money spent in training such workers. Only if we allow for all these effects can we show discrimination in the labour market.
WAGE DIFFERENTIALS AND WAGE DISCRIMINATION A2 Economics.
© The McGraw-Hill Companies, Some important questions Why does a top professional footballer earn so much more than a professor? Why does an unskilled.
Chapter 8 Resources Economics: The Case of Labour Economics.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 14 Labor Markets.
Discrimination in the Labour Market. Aims and Objectives Aim: Understand discrimination in the labour market Objectives: Define labour market discrimination.
Chapter 8: Wages, Rent, Profit, and Interest. Chapter Focus: The factors that affect wages, including productivity, education, experience, job conditions,
Copyright©2004 South-Western 19 Earnings and Discrimination.
19 Earnings and Discrimination. Differences in Earnings in the United States Today – The typical physician earns about $200,000 a year. – The typical.
© 2007 Thomson South-Western. Earnings and Discrimination Differences in Earnings in the United States Today –The typical physician earns about $200,000.
Wage differentials in Greece Inter-industry wage differentials Occupational wage differentials Gender pay gap Minimum vs average wage Public sector / private.
© Brian Titley 2012: this may be reproduced for class use solely for the purchaser’s institute IGCSE ® /O Level Economics 3.2 Occupations and earnings.
© 2002 McGraw-Hill Ryerson Ltd.Chapter 14-1 Chapter Fourteen Unions Growth and Incidence Created by: Erica Morrill, M.Ed Fanshawe College.
L A B O R Labor & Wages Chapter 9 Section 2. L A B O R Most people think of how much money they can earn when they consider a career. What determines.
Part 9 Factor Markets Markets for factors of production: labour, capital, land (sometimes entrepreneurship is added) Physical capital and human capital.
Economics of Gender Chapter 8 Assist.Prof.Dr.Meltem INCE YENILMEZ.
MT445 W6 Seminar Labor Markets and Labor Unions. S Labor Supply Individual labor supply curve for unskilled work Hours of labor per week.
Chapter 7 Labor Market Discrimination Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
Earnings and Discrimination Chapter 19 Copyright © 2001 by Harcourt, Inc. All rights reserved. Requests for permission to make copies of any part of the.
Chapter 12 The analysis of factor markets: labour David Begg, Stanley Fischer and Rudiger Dornbusch, Economics, 6th Edition, McGraw-Hill, 2000 Power Point.
Chapter 9: Labor Section 2. Copyright © Pearson Education, Inc.Slide 2 Chapter 9, Section 2 Objectives 1.Analyze how supply and demand in the labor market.
Chapter 12: Gender, Race, and Ethnicity. Gender wage differences Full-time female workers have weekly earnings that are approximately 75% of the weekly.
ECONOMICS: Principles and Applications 3e HALL & LIEBERMAN © 2005 Thomson Business and Professional Publishing Economic Inequality.
© 2010 McGraw Hill Ryerson 12-1 COMPENSATION Third Canadian Edition Milkovich, Newman, Cole.
Chapter 12 Labor Markets and Labor Unions © 2009 South-Western/ Cengage Learning.
Chapter 16 – Labor Markets. Individual labor supply Labor-leisure tradeoff Effects of a wage increase: substitution effect income effect.
Unit 4 Microeconomics: Business and Labor Chapters 9.2 Economics Mr. Biggs.
© 2005 Worth Publishers Slide 12-1 CHAPTER 12 Factor Markets and the Distribution of Income PowerPoint® Slides by Can Erbil and Gustavo Indart © 2005 Worth.
The Labour Market Chapter 11 LIPSEY & CHRYSTAL ECONOMICS 12e.
Chapter Thirteen Labor Markets. Copyright © by Houghton Mifflin Company, Inc. All rights reserved Figure 13.1: Labor Demand Curve and Labor Supply.
LABOUR ELASTICITY OF SUPPLY A2 Economics. Aims and Objectives Aim Understand the elasticity of labour supply Objectives: Define elasticity of supply in.
The economics of training Is training important? Is training important? –Workers & firms –Economy Who should pay for training? Who should pay for training?
C h a p t e r sixteen © 2006 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick O’Brien—1 st ed. Prepared by: Fernando & Yvonn.
Chapter 9 Labor Economics. Copyright © 2005 Pearson Addison-Wesley. All rights reserved.9-2 Learning Objectives Determine why the demand curve for labor.
PowerPoint Presentations for Principles of Microeconomics Sixth Canadian Edition by Mankiw/Kneebone/McKenzie Adapted for the Sixth Canadian Edition by.
UNIT 3.2 – OCCUPATIONS AND EARNINGS Q1. WHAT FACTORS DETERMINES OCCUPATION Q2. WHAT DETERMINES OUR LEVEL OF EARNINGS.
Chapter 12Copyright ©2009 by South-Western, a division of Cengage Learning. All rights reserved 1 ECON Designed by Amy McGuire, B-books, Ltd. McEachern.
The Labour Market. Content The Demand for Labour, The Marginal Productivity Theory Influences upon the Supply of Labour to Different Markets The determination.
15-1 Copyright 2007 McGraw-Hill Australia Pty Ltd PPTs t/a Microeconomics 8e, by Jackson & McIver By Muni Perumal, University of Canberra, Australia.
FOR AND AGAINST Minimum Wage. Aim The main aim is to reduce poverty and to reduce pay differentials between men and women. Other aims include reducing.
CHAPTER 12 Factor Markets and the Distribution of Income.
1 CHAPTER 12 Factor Markets and the Distribution of Income PowerPoint® Slides by Can Erbil © 2004 Worth Publishers, all rights reserved.
Chapter 10 Labor Market Discrimination Copyright © 2008 The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin Labor Economics, 4 th edition.
Ch. 9. Investments in Human Capital: Education and Training What are the costs and benefits of obtaining a college degree? What factors affect the number.
The Labor Market Economics, Sixth Edition Boyes/Melvin Chapter 30.
Chapter 16: The Markets for Labor and Other Factors of Production © 2008 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick.
The Labour Market. Introduction to Labour Markets Consist of people willing to supply labour and businesses that demand labour. Same principles as goods.
Chapter 6 Labor Mobility Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin.
© 2017 SlidePlayer.com Inc. All rights reserved.