Asked by Simer Sidhu on Jul 01, 2024
Verified
Economists would argue that the gender wage gap is narrowing because of efficiency wages.
Gender Wage Gap
The average difference in earnings between women and men in the workforce, often highlighted as a measure of gender inequality.
Efficiency Wages
A theory suggesting that higher wages can enhance worker productivity by increasing morale, reducing turnover, and attracting more skilled employees.
- Comprehend the principle of efficiency wages and their impacts on the results of labor markets.
Verified Answer
KI
Kholif Indriastuti6 days ago
Final Answer :
False
Explanation :
Economists argue that the gender wage gap is narrowing due to a variety of factors including increased female labor market participation, higher educational attainment among women, changes in societal norms, and anti-discrimination laws. Efficiency wages, which are higher wages paid to increase worker productivity, do not directly address the gender wage gap.
Learning Objectives
- Comprehend the principle of efficiency wages and their impacts on the results of labor markets.