Transcript Welcome to Econ 325 Economics of Gender Week 8 Beginning March 19

Welcome to Econ 325
Economics of Gender
Week 8
Beginning March 19
Monday, March 19
• Collect Part Two of paper
• Make an appointment to see me
about your paper
• Part 3 of paper due on April 13
• 20 points
• Theories regarding the similarities and
differences
• Study Chapter 6
• Exam 2: Monday, April 2
Return and discuss
OCA5
• #2, page 200. I need a clear
explanation and a clear graph
for each part.
ICA
Use the E-E profile (the Human
Capital Model) to explain
which of the following two
strategies is more beneficial.
1. Go directly from undergrad to
grad school and work later
2. Go to undergrad school; work for
a few years; and go to grad
school later.
Wednesday, March 21
• Don’t forget your appointments
with me
• Part 3 of paper due on April 13
• 20 points
• Theories regarding the similarities
and differences
• Study Chapter 6
• Exam 2: Monday, April 2
Bonus Opportunity

Friedman Lecture
•
•
Monday (March 26) 7:30 PM,
McDonough Auditorium
Speaker: Dr. Steven Landsburg,
professor of economics at the
University of Rochester, will speak on
More Sex is Safer Sex, and Other
Surprises .
•
•
Bonus points for attendance
More bonus points for questions
On-The-Job Training
1. General Training
•
Is completely transferable from
one firm to another
• Example
2. Specific Training
•
Is not transferable to another firm
• Example
E-E Profile for General
On-The-Job Training
•
•
You just graduated from HS
Have two job opportunities
1. First job does not offer any training
2. Second job offers general on job training
•
Which one pays more at first?
•
•
The one that offers no training; why?
Supply of labor for the job that offers
training is higher wage rate is lower
•
Graph
E-E Profile for General
On-The-Job Training
• Which one pays more after
training is complete?
• The one that offered you training
pays more; why?
• Demand for trained workers is higher
than for untrained workers
− Graph
Who is more likely to be
attracted to jobs that
offer substantial on-job
training, women or men?
• Women are more likely to
anticipate a shorter work life
E-E Profile for Specific
On-The-Job Training
•
Here is a 3rd option
3. Take a job that provide you with specific
training
•
How much this job pays at first?
•
More than the job that provides you with
general training but less than the job
that provides no training: why?
•
•
Supply and demand for labor
Graph
E-E Profile for Specific
On-The-Job Training
• Which one pays more after
training is complete?
• The job with specific training will
pay more than the job with no
training but less than the job that
provide you with general training;
why?
• D/S again
Friday, March 23
• Class canceled