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Extensions to the Basic Model
Summary and Conclusions
1 other sections not shown
ability level ability signal ability threshold AFQT distribution AFQT scores attained Bertrand competition column conditional expected ability differences Discrimination model discriminatory outcome distribution of ability dominant group dominant type educational level enter the labor equilibrium expected benefits expected productivity GED Certificate graduate from high high ability individuals high school completion high school graduates Hispanics human capital implies Income Index increasing in ability indicates individual who provided invest in education invest in human labor force participation labor market Lemma low ability individuals low ability minorities lower average wages lower mean productivity majority type mean ability NLSY observed paid lower average participation costs participation decisions population poverty threshold predictions priors productivity signal provided a signal Reading Material result signal 9 signal loses accuracy signal threshold signals provided Simpson's Paradox Statistical Discrimination sunk costs type of employer type of firm type of workers variables wage function wage gap wage offers worker hired