Heterogeneous Preferences, Compensating Wage Differentials, and Comparable Worth
构建了一个包含异质性工作和偏好的一般均衡模型,分析雇主歧视的影响,并预测可比价值政策(同工同酬)的后果,发现该政策可能降低男女就业,且在偏好异质时无法为工资决定提供有用见解。
This paper sets up a general equilibrium model of a world of heterogeneous jobs and heterogeneous tastes, and uses the model to (i) analyze the effects of employer discrimination and (ii) predict the likely consequences of requiring "equal pay for jobs of comparable worth." It shows that employment of both women and men is likely to fall as a result of comparable worth. It also shows that when individuals' tastes are heterogeneous, neither comparable worth nor the simple model of compensating differentials on which it is based provides useful insights into wage determination. In particular, when tastes are heterogeneous, there is no reason to expect equal pay for jobs of "comparable worth" even in the absence of employer discrimination.