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WISE 2P86 2011 Spring Chapter 6

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Women's and Gender Studies
Indra Hardeen

ECON 2P86 Lecture 6Tuesday May 24 2011The Human Capital Model Important model because it is taking what we know about economics and applying it to men and women in the labour market Supplyside explanations for the gender differences in occupations and earning women tend to earn less than men approximately 80 cents to every dollar that a man makes People offering their labour the workersemployees the demand side is the employer which hires its workers Supplyside explanations focus on the observation that men and women may come to the labour market with different tastes and different qualifications perhaps encouraging more women into computer science will not get us anywhere as a society if they do not have an interest in itGender differences in tastes may mean that one group men in general prefer dangerous physical work in return for higher wagessince they are willing to do this very dangerous job which not many people will or want to do they will get offered premiums and more money due to the danger of the job Many would argue why would these men get premiums and a woman wouldnt if they are in a day care working with 25 children due to having to bring many things to this type of work Gender differences in qualifications could mean a woman having a degree in English and a man has a degree in engineeringwhen you take these degrees to the labour market the labour market will probably take the engineer degree over the English degree due to them being probably better and earning a higher wage The differences which they pursued within school can bring different results later on in life Are differences in qualifications the result of voluntary choices or the outcome of prelabour market or societal discrimination Did you choose this solely by yourself or did society sort of place emphasis on what you should chooseSocietal Discrimination denotes the multitude of social influences that cause women to make decisions that adversely influence their status in the labour market We take the view that at least some of the gender differences in qualifications that currently exist stem from undesirable societal discrimination against women which is lessening within time for both genders but still exists We have to take into account that people come from different cultures religions which end up influencing you within the labour market What is Human Capital Used by economists a great deal When going to university you as an individual are investing in your Human Capital Human capital investments occur when resources are invested in an individual today in order to increase his or her future productivity and earningsFour types are Formal education onthejob training when you get this training you become more productive and get paid more money job search if you have a job but are looking for another jobat least when looking for another job and getting it at one point you are investing in your Human Capital and geographic migration move to another country or community to get an education or job which is an investment in Human Capital Although labour markets are similar to other markets they are not identical because labour services cannot be separated from the individuals who provide them More difficult to borrow money to finance human capital investments than to finance physical ones mainly because one does not have collateral to offer if the loan for human capital is not
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