Suppose the wage at the 80th percentile is $130,000 and the wage at the 20th percentile is $25,600. What is the 80-20 wage gap? Show your work

Q: Tom and Jerry work for the Same company, but Tom earns evidence of wage discrimination? Explain-

A: Wage discrimination means paying someone less due to of their age,race, gender or religion.

Q: Gender pay gap at Microsoft UK  ?

A: The gender pay gap can be understood as the difference between the per hour wage between women and…

Q: Several members of Parliament have been greatly concerned about the fairness of salaries in the…

A: Minimum wage is the form of price floor which is set by the government in order to protect the…

Q: Most people in the United States living below the poverty line are _____________. Group of answer…

A: Answer: Poverty line: poverty line refers to the minimum level of income at which if any person…

Q: A mandatory health insurance plan costs $4,000. One worker earns $24,500 in employment income and…

A: Premium as a percentage of income = P/(E+I) =4000/25000 0.16 16% (Worker 1)…

Q: The below graph shows the optimal asking wage. Suppose another individual with the same wage…

A: The marginal cost is defined as the additional cost that is added when increasing the quantity. This…

Q: mount of work a person will do as wage increases depends entirely on the size of the wealth

A: Wealth matters however, somehow or another, income matters more. That is on the grounds that it's…

Q: what would happen if Governments increase the level of welfare payments.

A: Welfare benefits are government implemented programs that help in increasing the standard of living…

Q: See the income and benefits information for a wage earner in an antipoverty program with a…

A: Answer-

Q: Why can welfare programs, if not managed correctly, create work disincentives?

A: Welfare is a concept that aims to support the poorest in our society so that they are able to meet…

Q: discuss how that relationship between the elasticity of demand for products and labor would affect…

A: Introduction Labor economists disagree if the elasticity of labour demand is greater than or less…

Q: The Marginal Productivity theory of income determination implies everyone gets paid for the value…

A: Wage levels are designed to reflect the marginal revenue product of labour, MRP, which is the…

Q: What is statistical discrimination? Why do employers use group membership as an indicator of a…

A: Statistical discrimination arises due to differences in statistics factors. The employer will be…

Q: The absolute value of the slope of the consumption-leisure budget line is the after-tax wage, w.…

A: The compensation influences the cost of recreation as well as the pay level. This makes it feasible…

Q: Several members of Parliament have been greatly concerned about the fairness of salaries in the…

A: In order to promote the fairness of salaries for employees, government imposes minimum wage.

Q: If the poverty threshold is approximately $16,000 for a household of three, what is the ratio of…

A: Given information - Poverty threshold = $16,000 Total family income = $12,000 Formula for…

Q: Laura earns a base salary of $50,000 as an event planner and is subject to the following…

A: 1) Marginal tax rate = 50%Laura was earning a basic salary of $50,000 as an event planner and when…

Q: How does Increase or decrease in wage affect hours of work

A: Wages are a form of factor income which are paid to the workers for the services provided by them.…

Q: What is a factor where a portion of a wage gap may not be the result of discrimination? Explain why…

A: Wage discrimination or pay discrimination occurs when workers having a similar skill set for their…

Q: A group of eight people have the following annual incomes: $10,000; $9,000: $15,700; $5,000, $6,500;…

A: A quartile splits data into four categories by dividing it into three points: the lower quartile,…

Q: What happens to the probability that a particular person works when the wage rises? Does such a wage…

A: The income effect refers to the effect by which the person increases the consumption of the goods…

Q: How does the ability to discriminate correctly affect his or her earnings?

A: The law of supply and demand governs how much a product costs. In a perfect or free market,…

Q: Explain 'motherhood wage penalty'

A: Despite the growing importance of female employment around the world, there have been few attempts…

Q: What percentage of families in the United States is classified as poor? Which demographic groups…

A: Poverty refers to the situation in which a family lacks the resources to meet basic needs such as…

Q: Consider a person who can work up to 80 hours each week at a pretax wage of $20 per hour but faces a…

A: Given:  A person who can work up to 80 hours each week at a pretax wage of = $20 per hour Faces a…

Q: Why do welfare programs create work disincentives?

A: Various welfare programs run by the government or other nonprofit organizations are a kind of…

Q: Find the attached file.

A: Business forms of organization are the organizations that are most prevalent in the world and are…

Q: how to calculate and interpret the following elasticities : oElasticity of the cost of living with…

A: Elasticity measures the percentage change in one variable to a percentage change in another…

Q: Of the four wage policies shown in the accompanying diagram, the one most likely to induce a worker…

A: The cost of leisure for a person is the wage rate. This is because if a person chooses leisure for…

Q: : What is the effect of an decrease in the price of market goods on a worker's reservation wage,…

A: Reservation wage represents the lowest wage rate at which labor will be willing to work. If the…

Q: Why does the salary gap persist?

A: Wage discrimination happens when, because of the activity of the work market, comparable laborers…

Q: what happens to hours of labor when the reservation wage rate increases? What happens to hours of…

A: The reservation wage means that if the market wage is less than the reserve wage, the individual…

Q: The below graph shows the optimal asking wage. Suppose another individual with the same wage…

A: When the individual is present-oriented, he would not sacrifice his present wage or consumption at…

Q: MCQ 1 Consider a competitive labour market in which the current equilibrium wage is £10 per hour. If…

A: Minimum wage is the lower limit on wage. This is the wage that must be given to workers. Wage can…

Q: Suppose that the government introduces an EITC such that for the first $8,000 in earnings, the…

A: A household will choose the mix of labour, leisure, and income that delivers the highest utility…

Q: If older workers have a tax elasticity of labor supply equal to 014, by how much will their work…

A: E = 0.14 Q1 = ? Q2 = 50 T = 20   Now, E = {(Q2-Q1)/(Q2+Q1)/2}/T 0.14 = {(50-Q1)/(50+Q1)/2}/20 2.8 =…