Question.3561 - Remember our theories from earlier weeks: Human capital, Occupational Segregation, and Discrimination? For discussion, I want you to, First, pick two of the theoretical concepts (i.e., concepts indicate a theory. For example, human capital can be indicated by education or experience) from your week one theory readings you think will impact the amount of income a person reports earning. Second, say to which theory each of the variables you chose relates, human capital, labor market discrimination, or occupational segregation and how it relates. Then, third, using the ACS data dictionary in the course materials, find two variables you think might indicate your concepts. Remember to look at person-level variables, as opposed to the household variables, in the ACS data dictionary. Finally, and fourth, you will say what kind of measures the ACS variables are (i.e., nominal, ordinal, interval, or ratio).
Answer Below:
The two concepts I selected from week one are Human capital theory and labor market discrimination theory. Human capital is the theory that we have invested in education to upskill our knowledge, training, and experiences, which will increase our productivity and income ( Fleischhauer,2007). In labor market discrimination, one worker's income is less than the income of the other worker ( Schubert,1997 ). Discrimination provides unequal opportunities, which affects income. The work experience of householders and their spouses is associated with the Human capital theory. Based on their work experience, householders earn high incomes. If they have more work experience, they are paid more; if they have less or no work experience, they are paid less. Gender is associated with labor market discrimination theory. It affects the differences in pay due to gender discrimination. From the ACS data dictionary variables, I have selected the work experience of the householder and spouse (WKEXREL) to measure the number of years of experience and gender (SEX) to indicate gender. Work experience is a ratio variable as it indicates the exact number of years of experience. SEX is a nominal variable, which has only two categories( male and female ) and does not have a ranking or order. References Schubert, R., Engelhardt, H., & Flückiger, Y. (1997). Discrimination in the labor market: A gender perspective. In Economic policy in Switzerland (pp. 98-122). London: Palgrave Macmillan UK. Fleischhauer, K. J. (2007). A review of human capital theory: Microeconomics. University of St. Gallen, Department of Economics Discussion Paper, (2007-01). PUMS_Data_Dictionary_2014-2018.pdfMore Articles From Sociology
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