Earnings and Income
1. Imagine two people are identical in all respects. One person, by sheer luck, gets a job in the primary sector while the second gets a job in the secondary sector. Assume they meet 20 years later. Contrast the human capital, retirement earnings and other features of employment and output for the two individuals.
2. List the four different possible for earnings differences analyzed in class. Discuss how each of these are reflected in a modern economy like Canada's.
3. Gary Becker presented three forms of discrimination, where the wage paid (or received) in money is different from the psychic wage. Describe how each of these can be measured and how they could affect organization of personnel.
4. Using material learned in the course, explain the possible economic reasons men and women might earn different salaries NOT including discrimination.  

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1 Contrast between Primary and Secondary Sector Jobs after 20 Years Human Capital The individual working in the primary sector may have developed specific skills and knowledge related to natural resou... View the full answer