If Men's Preferences for Work Change Such That More Men

question 195

True/False

If men's preferences for work change such that more men want to be stay-at-home fathers, the wages paid to men who remain in the workplace would rise, all else equal.

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Definitions:

Disposable Income

The sum of funds households can allocate towards savings or expenditure once income taxes are deducted.

Minimum Wage

The lowest hourly, daily, or monthly remuneration that employers may legally pay to workers.

Federal Minimum Wage

The lowest legal hourly wage that employers can pay to workers in the United States.

States

Governments that exercise authority and governance over defined geographic territories and populations.