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Lecture Issues in economics today - Chapter 30

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The following will be discussed in this chapter: The monopolistic competitor in the short and long runs, product differentiation, the characteristics of monopolistic competition, price discrimination.

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Chapter 30

Gender

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Chapter Objectives

• WHAT IS DISCRIMINATION

• WHY WOMEN MAKE LESS THAN

MEN

• MODELING SEX DISCRIMINATION

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What is Discrimination

• Disparate Treatment Discrimination

treating two otherwise equal people differently

on the basis of gender

• Adverse Impact Discrimination

doing something that is not necessarily

discriminatory on its face but that impacts

some groups more negatively than others

• Rational or Statistical Discrimination

discrimination that is based on sound

statistical evidence and is consistent with

profit maximization

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Measuring and Detecting

Discrimination

• Regression techniques

– Statistical methods which seek to determine if the differences in treatment for men and women could have happened by random chance.

• Auditing techniques

– Sending paid actors into a situation to determine if people with identical economic characteristics are treated differently based on gender.

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Why Women Make Less than

Men

• Pregnancy

– Loss of time in the field and intermittent

absence can put women at a economic

disadvantage (Many times this difference

in treatment is against the law.)

• Stay-at-home Moms

– 98% of stay-at-home parents are women leaving them out of the job market for

extended periods of time

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10000

20000

30000

40000

50000

60000

18-24 25-34 35-44 45-54 55-64

Age High School BA MA

Age-Earnings Profile

Time out of the labor market causes women to lose the period of

rapid economic advancement.

Age-Earnings Profile

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Why Women Make Less than

Men (continued)

• Different Professions

– Teachers (83%)

– Nurses (93%)

– Social Workers (69%)

– Day Care workers (97%)

– Secretaries (99%)

– Vs

– Mechanics(4%), Construction Workers (2%),

Truck Drivers(5%)

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• Flexible Employment

– Women, more than men, tend to choose jobs that allow them to deal with her

children’s activities and illnesses

Why Women Make Less than

Men (continued)

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Sociology vs Economics

• Economic Explanation for pay differences

– People make choices and one of the

consequences of those choices is their earning capacity

– If women choose

• professions that do not pay well,

• to have and stay home with children

• jobs that allow them to deal with their children

they will make less money.

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Sociology vs Economics

(continued)

• Sociological Explanation for pay

differences

– Women are socialized

• to pick certain professions

• into being the parent to stay home

• into being the parent that sacrifices career for family

which causes them to be paid less.

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Modeling Sex Discrimination

Labor market for jobs only men are allowed  do.

ND

D

wND

Labor market for jobs that  women who work must  do.

ND

D

SD

SD

wmen

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Why Competition Would

Eliminate Discriminatory Pay

• Businesses that hired only men at the higher wage would have higher costs than

businesses that did not discriminate

• Businesses that did not discriminate could lower their prices and take the market share

of those firms that did discriminate

• As this happened firms would see that

discrimination was not consistent with

maximizing profits and would stop

discriminating

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Why Competition Would Not

Necessarily Eliminate

Discrimination

• In industries where there is economic profit, firm owners may continue to discriminate and consider it a price they are willing to pay so

as to not employ women

• In industries in which the customer chooses which business to patronize based on gender, firms may be willing to discriminate because their profit maximizing interest and

discrimination are consistent

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Consumption Market

Discrimination

• Women pay more for automobiles.

• Many women argue that they pay more for dry cleaning (evidence is

ambiguous.)

• Women pay less for automobile

insurance and pay more for retirement annuities because they generally are

safer drivers and live longer.

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