Economics
University of California Los Angeles Labour Economics Questions

ECO 3341

University Of California Los Angeles

Question Description

I’m studying for my Economics class and need an explanation.

just use simple words to answer following questions. than you!

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Assignment Two Labour Economics (Economics 3341) Winter 2020 Issued: March 26th, 2020 Due: April 7th, 2020 at 5:00 pm on Bright Space under \Assessments\Drop Box\Assignment Two Answer each of the following questions in full sentences. Use a graph if it helps with your explanation. 1. Explain the issue of “omitted skill variables” in relation to wage discrimination. Explain why you think this is or is not an important. 2. Given the following table, draw and explain the step demand curve for female labour. 3. Explain Marshall’s Rules of Unions. Explain how this might affect unionization in practical terms. 4. Explain the Threat Effect of Unions. Why might a company find higher wages less damaging than having a union in the workplace? Good Luck ...
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Assignment Two
Labour Economics (Economics 3341)
Winter 2020
1. Explain the issue of “omitted skill variables” in relation to wage discrimination. Explain
why you think this is or is not an important.
Wage discrimination has been a major challenge in many businesses. It happens when an
individual employee is given lower remuneration for a similar work done by another worker.
Omitted skill variable is a significant issue that is causing wage discrimination and it is generally
used to conceal the real reasons behind biases in an organization in the form of gender, ethnicity
or race. Omitted skill variable happens when an employer actively discriminates against some
employees through excluding some skills possessed by the workers (Dupuy, Fouarge, &
Buligescu, 2009). In this case, wage discrimination is supported through establishing the
perception of absence of a set of skills in a person where as that is not the actual case.
The concept of omitted skill variable is very important in relation to wage discrimination
as it helps us to comprehend why an employee is paid less than others on the argument of lesser
skil...

Juniper (17696)
Cornell University

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