Questions from Labor Economics

Q: Explain how each of the following would affect the probability that a

Explain how each of the following would affect the probability that a job searcher will accept the next wage offer and thus affect the expected length of his or her unemployment: (a) A decline in th...

Q: In the accompanying diagram, WH is the budget line resulting from

In the accompanying diagram, WH is the budget line resulting from labor market work. Describe the characteristics of the income maintenance programs implicit in budget lines HBW′, HB...

Q: Indicate the implications of each of the following for estimates of the

Indicate the implications of each of the following for estimates of the rate of return on a college education: (a) The screening hypothesis, (b) The possibility that a portion of one’s expenditures...

Q: If an income maintenance program entails a $3,000 basic

If an income maintenance program entails a $3,000 basic benefit and a benefit reduction rate of .30, what will be the size of the subsidy received by a family that earns $2,000 per year? What will be...

Q: One way of aiding low-income families is to increase the

One way of aiding low-income families is to increase the minimum wage. An alternative is to provide a direct grant of non-labor income. Compare the impact of these two options on work incentives.

Q: Indicate whether each of the following statements pertains to microeconomics or macroeconomics

Indicate whether each of the following statements pertains to microeconomics or macroeconomics: a. The unemployment rate in the United States was 6.2 percent in 2014. b. Workers at the Sleepy Eye gra...

Q: The “supply-side” economics of the Reagan administration (

The “supply-side” economics of the Reagan administration (1981–1988) presumed that income tax cuts would stimulate incentives to work and thereby increase economic growth. Demonstrate this outcome wit...

Q: Briefly compare the “old” and “new” labor economics

Briefly compare the “old” and “new” labor economics.

Q: The accompanying diagram restates the basic work–leisure choice model presented

The accompanying diagram restates the basic work–leisure choice model presented in Chapter 2. Use this diagram to explain the declining workweek occurring in the preâ€...

Q: In 2014 the United States had a population of 319 million,

In 2014 the United States had a population of 319 million, of which 71 million were either under 16 years of age or institutionalized. Approximately 156 million people were either employed or unemploy...