How Does the Gender Earning Gap Explain the Thousands of Dollars

question 20

Short Answer

How does the gender earning gap explain the thousands of dollars of lost wages for women and their families?

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Definitions:

Risk Averse

Personality or preference indicating a tendency to avoid taking risks, preferring certainty or less risky options.

Income

The money received, especially on a regular basis, for work, through investments, or from benefits.

Utility Function

A mathematical representation that ranks an individual's preferences for various combinations of goods and services based on the level of satisfaction (utility) they provide.

Chocolate Factory

A production facility dedicated to the manufacturing of chocolate products from raw cocoa beans and other ingredients.