Questions from Labor Economics

Q: Recently President Obama has tried to focus public attention on inequality.

Recently President Obama has tried to focus public attention on inequality. a. What is the difference between income inequality and wealth inequality? b. Most policies that target inequality either ta...

Q: The two points for the international income distributions reported in Table 7

The two points for the international income distributions reported in Table 7-1 can be used to make a rough calculation of the Gini coefficient. Use a spreadsheet to estimate the Gini coefficient for...

Q: Consider the following (highly) simplified description of the U.

Consider the following (highly) simplified description of the U.S. wage distribution and income and payroll tax schedule. Suppose 50 percent of households earn $40,000, 30 percent earn $70,000, 15 per...

Q: Before 1990, the 80-50 and the 50-20

Before 1990, the 80-50 and the 50-20 log wage gap was higher for women than for men (see Figure 7-4). What are some likely reasons for this? Reference Figure 7-4:

Q: Suppose a worker with an annual discount rate of 10 percent currently

Suppose a worker with an annual discount rate of 10 percent currently resides in Pennsylvania and is deciding whether to remain there or to move to Illinois. There are three work periods left in the l...

Q: Suppose the immigrant flow from Lowland to Highland is positively selected.

Suppose the immigrant flow from Lowland to Highland is positively selected. In order to mitigate the “brain drain” Lowland experiences as a result of this migration, public officials of Lowland succes...

Q: a. According to standard migration theory, how will skill selection

a. According to standard migration theory, how will skill selection (positive versus negative) change on average as the distance between the source country and the destination country increases? b. Do...

Q: a. Explain how a universal health care system would likely cause

a. Explain how a universal health care system would likely cause a greater amount of efficient turnover. b. Defined-benefit retirement plans promise a fixed amount of retirement income to workers, but...

Q: The Immigration Reform Act of 2006 provided fewer work visas than were

The Immigration Reform Act of 2006 provided fewer work visas than were available in previous years for foreign-born college graduates to remain in the United States. The exception is that work visas r...

Q: KAPC, a pharmaceutical company located in rural Kansas, is finding

KAPC, a pharmaceutical company located in rural Kansas, is finding it difficult to retain its employees, who frequently leave after just six months of working at KAPC for jobs at pharmaceutical compan...