Economics writing question
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Education and Earnings. We observe that there are many different wages for jobs. First, explain how education levels and earnings levels are related, according to statistical studies. Next, define “human capital” and explain how human capital theory explains the correlation between education and earnings. Next, how does the “sorting” model (also known as screening model) explain the correlation between earnings and education? Compare the sorting model with the human capital model. What are the criticisms of human capital theory?
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Discrimination: We studied three main models of economic discrimination. Describe each of the following economic models: Becker’s Taste for Discrimination Model, Statistical Discrimination, and Crowding. Describe current evidence of economic impacts of discrimination by race and gender. How do each of the three models match up with the current evidence of inequalities?
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