 | Glossary
Chapter 16: The Labor Market
backward-bending labor supply curve a labor supply curve indicating that a person is willing and able to work more hours as the wage rate increases until, at some sufficiently high wage rate, the person chooses to work fewer hours comparable worth the idea that pay ought to be determined by job characteristics rather than by supply and demand and that jobs with comparable requirements should receive comparable wages compensating wage differentials wage differences that make up for the higher risk or poorer working conditions of one job over another crowding forcing a group into certain kinds of occupations discrimination prejudice that occurs when factors unrelated to marginal productivity affect the wages or jobs that are obtained disparate impact an impact that differs according to race, sex, color, religion, or national origin, regardless of the motivation disparate treatment different treatment of individuals because of their race, sex, color, religion, or national origin human capital skills, training, and personal health acquired through education and on-the-job training labor force participation entering the work force occupational segregation the separation of jobs by sex statistical discrimination discrimination that results when an indicator of group performance is incorrectly applied to an individual member of the group superstar effect the situation where people with small differences in abilities or productivity receive vastly different levels of compensation
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