+ADw-html xmlns:o+AD0AIg-urn:schemas-microsoft-com:office:office+ACI- xmlns:w+AD0AIg-urn:schemas-microsoft-com:office:word+ACI- xmlns+AD0AIg-http://www.w3.org/TR/REC-html40+ACIAPg- +ADw-head+AD4- +ADw-meta http-equiv+AD0-Content-Type content+AD0AIg-text/html+ADs- charset+AD0-utf-7+ACIAPg- +ADw-meta name+AD0-ProgId content+AD0-Word.Document+AD4- +ADw-meta name+AD0-Generator content+AD0AIg-Microsoft Word 9+ACIAPg- +ADw-meta name+AD0-Originator content+AD0AIg-Microsoft Word 9+ACIAPg- +ADw-link rel+AD0-File-List href+AD0AIg-./WAGE+AF8-files/filelist.xml+ACIAPg- +ADw-title+AD4-Wage differentials are coz+ADw-/title+AD4- +ADwAIQ---+AFs-if gte mso 9+AF0APgA8-xml+AD4- +ADw-w:WordDocument+AD4- +ADw-w:BrowserLevel+AD4-MicrosoftInternetExplorer4+ADw-/w:BrowserLevel+AD4- +ADw-/w:WordDocument+AD4- +ADw-/xml+AD4APAAhAFs-endif+AF0---+AD4- +ADw-style+AD4- +ADwAIQ--- /+ACo- Font Definitions +ACo-/ +AEA-font-face +AHs-font-family:+ACI-MS Mincho+ACIAOw- panose-1:0 0 0 0 0 0 0 0 0 0+ADs- mso-font-alt:+ACL/Lf8z- +Zg5nHQAiADs- mso-font-charset:128+ADs- mso-generic-font-family:roman+ADs- mso-font-format:other+ADs- mso-font-pitch:fixed+ADs- mso-font-signature:1 134676480 16 0 131072 0+ADsAfQ- +AEA-font-face +AHs-font-family:+ACIAXABA-MS Mincho+ACIAOw- panose-1:0 0 0 0 0 0 0 0 0 0+ADs- mso-font-charset:128+ADs- mso-generic-font-family:roman+ADs- mso-font-format:other+ADs- mso-font-pitch:fixed+ADs- mso-font-signature:1 134676480 16 0 131072 0+ADsAfQ- /+ACo- Style Definitions +ACo-/ p.MsoNormal, li.MsoNormal, div.MsoNormal +AHs-mso-style-parent:+ACIAIgA7- margin:0mm+ADs- margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs- font-size:12.0pt+ADs- font-family:+ACI-Times New Roman+ACIAOw- mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- p.MsoPlainText, li.MsoPlainText, div.MsoPlainText +AHs-margin:0mm+ADs- margin-bottom:.0001pt+ADs- mso-pagination:widow-orphan+ADs- font-size:10.0pt+ADs- font-family:+ACI-Courier New+ACIAOw- mso-fareast-font-family:+ACI-Times New Roman+ACIAOwB9- +AEA-page Section1 +AHs-size:612.0pt 792.0pt+ADs- margin:72.0pt 65.95pt 72.0pt 65.95pt+ADs- mso-header-margin:36.0pt+ADs- mso-footer-margin:36.0pt+ADs- mso-paper-source:0+ADsAfQ- div.Section1 +AHs-page:Section1+ADsAfQ- --+AD4- +ADw-/style+AD4- +ADw-/head+AD4- +ADw-body lang+AD0-EN-US style+AD0-'tab-interval:36.0pt'+AD4- +ADw-div class+AD0-Section1+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-Wage differentials are coz+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-1.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Labour market imperfections(monopolies,no info),Non homogeneity,Barriers to mobility+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-Search theory - wage lower if searched for long time+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-2.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Education+ACY-amp+ADs-training - human capital investment.Demand for skilled rises+ACY-amp+ADs-unskilled falls+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-3.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Working conditions+ADw-/span+AD4APA-span style+AD0-'font-family:+ACI-MS Mincho+ACIAOw-mso-ascii-font-family:+ACI-Courier New+ACI-'+AD42iQA8-/span+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-monetary rewards+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-4.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Regional variations - employers go to low wages,employees to high,so equilibrium occurs+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-5.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Wage discrimination - age,sex,race.Women earn 20+ACU- less,black 17+ACU-less+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-They dont get better jobs+ACY-amp+ADs-are not promoted+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-6.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Vocationalism(job like leisure or hobby,nursing)+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-1970 Equal Pay Act,1975Sex discrimination,1976 Race relations+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4APAAhAFs-if +ACE-supportEmptyParas+AF0APgAm-nbsp+ADsAPAAhAFs-endif+AF0APgA8-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4APA-span style+AD0AIg-mso-spacerun: yes+ACIAPgAm-nbsp+ADsAPA-/span+AD4-Supply side:+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-1.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Monopoly restricts the employment of a labour,because it has to pay more to existing+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-2.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Supply of labour depends on population+ACY-amp+ADs-is highly inelastic+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-3.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-The leisure preference might make the supply curve to slope backwards+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4-4.+ADw-span style+AD0-'mso-tab-count:1'+AD4AJg-nbsp+ADsAJg-nbsp+ADsAJg-nbsp+ADs- +ADw-/span+AD4-Occupational+ACY-amp+ADs-geographical immobility exists+ADw-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4Aew-PAGE+AHw-1+AH0APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4APAAhAFs-if +ACE-supportEmptyParas+AF0APgAm-nbsp+ADsAPAAhAFs-endif+AF0APgA8-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4Aew-info author+AHw-Keith Siilats+AH0-, +AHs-DATE+AHw-21/05/96+AH0-, Subject: +AHs-info subject+AHw-Economics revision+AH0-, Words: +AHs-info numwords+AHw-1+AH0APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4APAAhAFs-if +ACE-supportEmptyParas+AF0APgAm-nbsp+ADsAPAAhAFs-endif+AF0APgA8-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4Aew-PAGE+AHw-1+AH0APA-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4APAAhAFs-if +ACE-supportEmptyParas+AF0APgAm-nbsp+ADsAPAAhAFs-endif+AF0APgA8-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-p class+AD0-MsoPlainText+AD4APA-span style+AD0-'mso-fareast-font-family:+ACI-MS Mincho+ACI-'+AD4APAAhAFs-if +ACE-supportEmptyParas+AF0APgAm-nbsp+ADsAPAAhAFs-endif+AF0APgA8-o:p+AD4APA-/o:p+AD4APA-/span+AD4APA-/p+AD4- +ADw-/div+AD4- +ADw-/body+AD4- +ADw-/html+AD4-