Questions from Labor Economics

Q: Suppose Lauren is given two options by her employer. First option

Suppose Lauren is given two options by her employer. First option: She may choose her own hours of work and will be paid the relatively low wage rate implied by budget line HW1 shown in the accompanyi...

Q: Why are most labor unions—whose constituents receive wages substantially above

Why are most labor unions—whose constituents receive wages substantially above the minimum wage—strong supporters of the minimum wage? Why might unions composed of skilled workers who are pure complem...

Q: Use a work–leisure diagram to demonstrate that;

Use a work–leisure diagram to demonstrate that; (a) if African-Americans have labor market opportunities that are inferior to those of whites and (b) non-labor income is available in the form of, sa...

Q: “Empirical evidence for the United States suggests that labor force participation

“Empirical evidence for the United States suggests that labor force participation varies directly with unemployment.” Do you agree? Explain in terms of the discouraged-worker and added-worker effects....

Q: Indicate in each of the following instances whether the specified circumstances will

Indicate in each of the following instances whether the specified circumstances will cause a worker to want to work more or fewer hours: a. The wage rate increases and the substitution effect is grea...

Q: What has happened to the aggregate labor force participation rate in the

What has happened to the aggregate labor force participation rate in the post–World War II period? To the participation rates of males and females?

Q: What is the college wage premium? Can you explain why the

What is the college wage premium? Can you explain why the premium (a) Declined in the 1970s and (b) Increased since the 1980s?

Q: What are the major features or assumptions of the economic perspective?

What are the major features or assumptions of the economic perspective?

Q: Why must the concepts of supply and demand as they pertain to

Why must the concepts of supply and demand as they pertain to product markets be modified when applied to labor markets?

Q: Floyd is now working in a job that pays $18,

Floyd is now working in a job that pays $18,000 per year. He is contemplating a one-year automobile mechanics course that costs $1,000 for books and tuition. Floyd estimates that the course will incre...