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MONTALBO
Issue #
Sex
Differential
Submitted by:
Ms. Agnes F.
Montalbo
I.
ECONOMIC THEORIES
1.1 TASTES
This approach explains the sex
earnings differential as the
outcome of personal tastes
among various economic agents
regarding the appropriate terms
on which women may participate
in the labor market. The basis for
this approach was originally
developed by Becker in the
context of racial and ethnic
earnings differentials (Becker
1971). The Becker model adopts
the
basic
optimization
assumption
of
neoclassical
economics, which views the goaldirected activities of economic
agents as the result of seeking to
maximize some index of an
individual's
satisfaction.
In
Becker's model the principal
economic agents are employers,
workers,
and
consumers.
Discrimination
against
a
particular demographic group is
manifested as a desire to avoid
certain economic transactions
with members of the group. A
discriminator acts as if the total
cost of the transaction exceeds
the nominal cost. The psychic
cost of the transaction is defined
as the difference between the
perceived total cost and the
nominal cost. A discriminator
would be willing to forfeit some
income in order to avoid the
transaction. The greater the
desire to discriminate, the greater
the psychic cost and therefore the
greater the amount of income the
opportunities in countries
rather than the actual levels
of the available resources and
opportunities
in
those
countries.
The Index penalizes or
rewards countries based on
the size of the gap between
male and female enrolment
rates, but not for the overall
levels of education in the
country.
Outcomes
vs.
inputs
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Sex
Differential
Submitted by:
Ms. Agnes F.
Montalbo
[Street Address]
11
[Addressee]
[Street Address]
[City, ST ZIP Code]
12