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Comparable Worth in a General Equilibrium Model of the U.S. Economy
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Year: 1986 Publisher: Cambridge, Mass. National Bureau of Economic Research

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The National Flood Insurance Program : factors affecting actuarial soundness.
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Year: 2009 Publisher: [Washington, D.C.] : Congress of the U.S., Congressional Budget Office,

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Alternative approaches to funding highways
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Year: 2011 Publisher: [Washington, D.C.] : Congress of the U.S., Congressional Budget Office,

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Federal reinsurance for terrorism risk and its effects on the budget
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Year: 2020 Publisher: Washington, D.C. : Congressional Budget Office,

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Issues and options for a tax on vehicle miles traveled by commercial trucks.
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Year: 2019 Publisher: [Washington, D.C.] : Congress of the United States, Congressional Budget Office,

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Federal reinsurance for terrorism risk: an update
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Year: 2015 Publisher: [Washington, D.C.] : Congressional Budget Office,

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Federal reinsurance for terrorism risk in 2015 and beyond
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Year: 2015 Publisher: Washington, DC : Congressional Budget Office,

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Book
Comparable Worth in a General Equilibrium Model of the U.S. Economy
Authors: --- --- --- ---
Year: 1986 Publisher: Cambridge, Mass. National Bureau of Economic Research

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This paper presents a computable general equilibrium model that simulates the effects on employment, output, wages, and economic efficiency of introducing comparable worth into the U.S. economy. The model calculates economy-wide aggregate impacts and disaggregated results for individuals grouped by sex, marital status, and education. The effects depend on the hiring rules that would accompany comparable worth, the source of existing male-female wage differentials, the extent of coverage of comparable worth, the intra-household behavior of married couples, and demand and supply elasticities. If, after comparable worth is introduced, employers are constrained to employ men and women in historical proportions, the adverse effects on aggregate employment, output, and efficiency would be much larger than if the employment constraint is based on applicant proportions. If existing wage gaps are the result of sex differences in productivity, the adverse of facts of comparable worth are relatively large; but if they are the result of discrimination, the efficiency losses are much smaller. If only part of the economy is subject to comparable worth, the efficiency loss is reduced under the productivity gap assumption, but increased if the wage gap is the result of discrimination. The redistributive effects of comparable worth on married men and women are sensitive to assumptions about intra-household behavior and the size of the gains from marriage. By contrast, unmarried women appear to benefit from comparable worth under most sets of assumptions while unmarried men lose.

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