Marcia is a white 23-year-old female, and Joan is a black 23-year-old female. Both Marcia and Joan were economics majors, and they graduated from the same college in the same year with the same GPA. Marcia and Joan both got identical jobs at a brokerage firm after graduating from college. They both work equally hard. Marcia earns $38,000 a year, and Joan earns $30,000 a year. Select the best

explanation for this wage difference.
a. Marcia has less human capital than Joan.
b. Marcia receives a compensating wage differential that Joan does not.
c. Joan has been discriminated against because she is black.
d. Marcia has been discriminated against because she is white.


c

Economics

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