Questions from Labor Economics

Q: Consider the labor market for public school teachers. Teachers have preferences

Consider the labor market for public school teachers. Teachers have preferences over their job characteristics and amenities. a. One would reasonably expect that high-crime school districts pay higher...

Q: a . On a graph with the probability of injury on the

a . On a graph with the probability of injury on the x-axis and the wage level on the y-axis plot two indifference curves, labeled U A and U B , so that the person associated with U A is less willing...

Q: Suppose everyone is highly productive, college educated, hard-working

Suppose everyone is highly productive, college educated, hard-working, and so on. People still differ in their preferences for jobs—while some would prefer to be doctors than lawyers, others prefer to...

Q: Consider two identical jobs, but some jobs are located in Ashton

Consider two identical jobs, but some jobs are located in Ashton while others are located in Benton. Everyone prefers working in Ashton, but the degree of this preference varies across people. In part...

Q: U.S. Trucking pays its drivers $40,000

U.S. Trucking pays its drivers $40,000 per year, while American Trucking pays its drivers $38,000 per year. For both firms, truck drivers average 240,000 miles per year. Truck driving jobs are the sam...

Q: The hedonic wage function is the locus of points that illustrates the

The hedonic wage function is the locus of points that illustrates the relationship between the wage that workers get paid and job characteristics. All else equal, the more pollutants miners breathe wh...

Q: Consider the demand for and supply of risky jobs. a

Consider the demand for and supply of risky jobs. a. Derive the algebra that leads from equations (5-4) and (5-5) to equation (5-6). b. Describe why the supply curve in Figure 5-2 is upward sloping. H...

Q: Suppose there are 100 workers in the economy in which all workers

Suppose there are 100 workers in the economy in which all workers must choose to work a risky or a safe job. Worker 1’s reservation price for accepting the risky job is $1; worker 2’s reservation pric...

Q: Suppose all workers have the same preferences represented by U =

Suppose all workers have the same preferences represented by U = √w – 2x where w is the wage and x is the proportion of the firm’s air that is composed of toxic pollutants. There are only two types of...

Q: Suppose a drop in the compensating wage differential between risky jobs and

Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: Engineering advances have made it less costly to create...