Consider Figures 1 and 2. Which of the following are accurate conclusions?

The gender wage gap is lower when we include control variables.

The gender wage gap increases as a woman ages through her 20s and early 30s, but lowers later in life.

Women are discriminated against in the labor market.

The gender wage gap has gotten smaller over time, with women born in 1978 facing a much lower gap than women born in 1943 at age 30.

 

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log (female/male earnings). [female/male earnings] -0.1 -0.3 -0.4 -0.2 0.82 -0.5 log (female/male earnings) -0.7 -0.8 0 -0.6 0.56 -0.1 -0.2 -0.3 -0.4 -0.5 <-0.6 Part A. No controls -0.7 10.90 -0.8 0.74 10.67] (0.61) (0.50 25 20 born c.1978 25 1973 30 40 Figure 1 1968 born c.1978 1973 Part B. With controls for work time and education 35 40 45 1963 Figure 2 1968 50 1958 1963 50 1963 55 1958 1953 1948 1948 65 Age 1943 1938 1933 -1928 1923 Age 70 1943 1938 1933 1928 1923 FIGURE 1. RELATIVE EARNINGS OF (FULL-TIME, FULL-YEAR) COLLEGE GRADUATE MEN AND WOMEN FOR SYNTHETIC COHORTS: BORN 1923 TO 1978 log (female/male earnings). [female/male earnings] -0.1 -0.3 -0.4 -0.2 0.82 -0.5 log (female/male earnings) -0.7 -0.8 0 -0.6 0.56 -0.1 -0.2 -0.3 -0.4 -0.5 <-0.6 Part A. No controls -0.7 10.90 -0.8 0.74 10.67] (0.61) (0.50 25 20 born c.1978 25 1973 30 40 Figure 1 1968 born c.1978 1973 Part B. With controls for work time and education 35 40 45 1963 Figure 2 1968 50 1958 1963 50 1963 55 1958 1953 1948 1948 65 Age 1943 1938 1933 -1928 1923 Age 70 1943 1938 1933 1928 1923 FIGURE 1. RELATIVE EARNINGS OF (FULL-TIME, FULL-YEAR) COLLEGE GRADUATE MEN AND WOMEN FOR SYNTHETIC COHORTS: BORN 1923 TO 1978

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The detailed answer for the above question is provided below A The gender wage gap is lowe... View the full answer