Unformatted text preview: b. Human Capital c. Ability, Effort, and Change d. An Alternative View of Education: Signaling e. The Superstar Phenomenon f. Above-Equilibrium Wages: Minimum-Wage Laws, Unions, and Efficiency Wages Define compensating differential and give an example. Give two reasons more educated works earn more than less educated workers. 2. The Economics of Discrimination a. Measuring Labor-Market Discrimination b. Discrimination by Employers c. Discrimination by Customers and Governments Why is it hard to establish whether a group of works is being discriminated against? Explain how profit-maximizing firms tend to eliminate discriminatory wage differentials. How might a discriminatory wage different persist?...
View Full Document
- Trade union, wages above-equilibrium wages