[See Solution] Labor supply . Catholic priests take a vow of chastity, forgoing marriage and intimate non-marital relationships. This question relates to
Question: Labor supply . Catholic priests take a vow of chastity, forgoing marriage and intimate non-marital relationships. This question relates to the article posted on ANGEL (Divine Recruits).
- How does the vow of chastity affect the labor supply of Catholic priests? Illustrate on a graph. It doesn't have to be a supply/demand graph because I'm not asking about demand.
- In 2000, the last year for which I have data, the median salary of priests (including housing), set by the bishop of the diocese, was $25,000. In contrast, full-time Protestant pastors earned $40,000. Thus, we could say that Catholic priests earn a relatively low hourly wage. How does this affect labor supply? Illustrate on a graph.
- A friend says, "These low salaries aren’t going to affect the number of people that become priests, because you are either destined to become a priest or not, and nothing is going to stop you." In economic terms, what is your friend saying about labor supply? Illustrate this concept on a graph.
- Protestant pastors can marry, and their wages are determined by a fairly competitive market. Which labor market is more likely to have difficulty filling all the available positions the market for Catholic priests, or the market for Protestant pastors? Why?
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