Workers in countries such as Sweden and Germany work fewer hours per week, on average, than do workers in the United States. Does this mean that Swedes and Germans are lazier than Americans? Explain how laziness could be interpreted in the context of the work-leisure choice model developed in this chapter. What other information might you want to gather to determine whether Swedes or Germans were indeed less work oriented that Americans?

Workers in countries such as Sweden and Germany work fewer hours per week, on average, than do workers in the United States. Does this mean that Swedes and Germans are lazier than Americans? Explain how laziness could be interpreted in the context of the work-leisure choice model developed in this chapter. What other information might you want to gather to determine whether Swedes or Germans were indeed less work oriented that Americans?

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

ChapterST8: Earnings Differences Between Men And Women

Section: Chapter Questions

Problem 2CQ

See similar textbooks

Similar questions

what happens in the work-leisure model, when the wage rate is decreasing and income effect is stronger than substitution effect?
Some types of cash grants are provided only to beneficiaries who are out of the labour force. Discuss the effect of these types of grants on work incentives, and illustrate graphically its effect on low salaried workers, with respect to decision to stay or leave the labour force
How does path dependency provide an explanation for differentiation in earnings between men & women?
Illustrate (using a labor-leisure choice diagram) how a firm may induce a typical employee to lengthen his work week voluntarily by paying him premium wage rates for overtime hours.
Weber coined the term Protestant Work Ethic and defined proper workplace behavior as working for more than the benefit of oneself; or working just for profit. A characteristic of the protestant work ethic is wealth creation based on increased productivity and better use of resources. Do you think there are generational differences between why baby-boomers work and today’s millennial's (Gen-Y)? Discuss your perceptions.
Why did the labor force participation rate of women increase so much in the past century?
Before the early 1900s, the prevailing opinion regarding the employment relationship was that: Individuals should only enter into an economic relationships if there were laws ensuring minimum standards of protection The government should never interfere with the ability of an individual to freely enter into an economic relationship with another individual Employers should be allowed to unilaterally set terms and conditions of employment The government should monitor economic relationships to ensure they were fair to both parties
one of the factors that may have contributed to the increase in female labour force participation rate is higher education for women which may have enhanced their preferences of labour market. careers. Use a work-leisure diagram to explain how this factor alters either the indifference curves or the budget lines of women and increase labour force participation rate.
The economic model of Human Capital Investment assumes that individuals choose their path through post-secondary education based solely on which path will provide them with the highest lifetime income. In reality, individuals often choose a path through post-secondary education that does not maximize their lifetime income, as a result of various factors. Consider Alex, an individual whose path through post-secondary education did not maximize their lifetime income. For each of the following potential reasons, construct a brief story that relates that reason to Alex's choice of post-secondary education. a) Utility/disutility from education b) Relationship between job satisfaction and education c) Uncertainty of different income streams d) Difficulty of financing human capital investments E.g. If the reason is "incomplete information", a potential answer would be: "Alex's high school guidance counsellor gave them a list of potential university programs that suited their strengths.…
What is two factors that may influence the shape of individuals’ indifference curves (flat or steep) which reflect their preferences for work or leisure? What is the difference between income effect and substitution effect under the basic work-leisure decision model?
JESTION 30 ch of the following includes everyone in the adult population that the Bureau of Labor Statistics counts as unem a. anyone who is not employed b. anyone who is not employed, is available for work, and has looked for work in the past 4 weeks c. anyone who is not employed, is available for work, has looked for work in the past 4 weeks, and anyone who is waiti d. anyone who is not employed, is available for work, has looked for work in the past 4 weeks, anyone who is waiting to employed part time and has searched for full time employment in the past 4 weeks QUESTION 31
What factors influence an individual's decision to allocate time between work and leisure in the context of the work-leisure model?