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Unformatted text preview: -Discrimination Earnings Inequality -Implications of McElroy: Finds that workers of color and women earn less than white men with the same level of educationfirms do not appear to be treating equally qualified workers the same. -What might motivate employers to do this? -What other important returns to education are described in chapter 14? Implications of Earnings Inequality -Excluded workers who cant find work in their field, have to settle for different work, or accept employment at lower wages, or go unemployed. -Excluded workers and their families have limited resources, difficulty attaining better skills, trouble maintaining families and communities -Poverty, unemployment, lost income all reduce national income (tax revenue) and raise spending for social programs. -If highly qualified individuals are being denied employment, then valuable resources are being wasted (inefficiencyreducing national income)....
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This note was uploaded on 11/08/2011 for the course ECON 144 taught by Professor Lisasaunders during the Fall '11 term at UMass (Amherst).
- Fall '11