Gender Differences
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Page Overview | Income and Substitution Effects | Female vs Male Behavior in the Labor Market | Opportunity Cost of Leisure Time | Works Used
Gender Differences
Men and women are observed to react in a different way to changes in wages. For men, substitution and income effects offset each other, while for women, substitution effect outweighs the income effect. In general though, we assume that substitution effect dominates the economic behavior of people. In this project, we are going to analyze the causes, effects and consequences of this generalization.
