Bobbing for Widgets: Compensating Wage Differentials
Catherine C. Eckel
Texas A&M University
Melayne Morgan McInnes
University of South Carolina - Moore School of Business
Sara J Solnick
affiliation not provided to SSRN
California Institute of Technology
Roland G. Fryer Jr.
Harvard University - Department of Economics; National Bureau of Economic Research (NBER); American Bar Foundation; University of Chicago
Ronald A. Heiner
George Mason University - Department of Economics
University of Tampere
Rick K. Wilson
Rice University - Department of Political Science
March 1, 2005
Journal of Economic Education, Vol. 36, No. 2, pp. 129-138, 2005
Abstract: The authors describe a classroom game that introduces the concept of compensating wage differentials by allowing students to negotiate over the assignment of jobs and wages. Two jobs are designed so that neither job requires special skills, but one is significantly more unpleasant than the other. By varying the job titles and duties, students can see how wages respond to changes in job characteristics. The impact of various policy measures, such as comparable worth legislation and safety regulation, is also explored. This game can be conducted in a 50-minute class and requires only a deck of cards, poker chips, and a container of ice water.
Number of Pages in PDF File: 11
Keywords: comparable worth, compensating wage differentials, economics, education
JEL Classification: A22, J3Accepted Paper Series
Date posted: July 21, 2011
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