We began our study by making
the standard economic assumption that a woman's decision to teach is influenced in part by her expected pay within teaching and her expected pay in other occupations.
The results of such calculations, using
standard economic assumptions and actuarial survivor probabilities, are shown in Figure 1, where we plot the growth of pension wealth over the career cycle for a typical educator in Missouri under three different promotion scenarios, in 2012 dollars.
Not exact matches
Given two
assumptions,
standard in
economic theory, the judgment that individual selfishness promotes the common good should work.
It is here that the
assumptions of
standard economic teaching come into play.
The
assumption (and that is all it is) that «The only real impact it would have is to limit the growth of our
standard of living» is not justified, and allmost certainly false if high end projections of temperature increase by the end of this century are realized (or if high end projections of
economic impacts are realized with central estimates of temperature increase).