Modern Labor Economics: Theory and Public Policy |
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Page 156
... FIGURE 6.4 An Indifference Curve 5. Finally , different people will have different sets of indifference curves . The curves drawn in Figures 6.3 and 6.4 were for one person only . An- other person would have a completely different set ...
... FIGURE 6.4 An Indifference Curve 5. Finally , different people will have different sets of indifference curves . The curves drawn in Figures 6.3 and 6.4 were for one person only . An- other person would have a completely different set ...
Page 184
... Figure 7.1 the budget constraint of a woman whose husband is disabled and cannot work , who has no nonwage income , and who has a relatively low wage is depicted by XY . The figure suggests that the utility - maximizing mode of meal ...
... Figure 7.1 the budget constraint of a woman whose husband is disabled and cannot work , who has no nonwage income , and who has a relatively low wage is depicted by XY . The figure suggests that the utility - maximizing mode of meal ...
Page 211
... FIGURE 8.1 A Family of Indifference Curves Between Wages and Risk of Injury Risk of Injury FIGURE 8.2 Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury also yield the same utility as the ...
... FIGURE 8.1 A Family of Indifference Curves Between Wages and Risk of Injury Risk of Injury FIGURE 8.2 Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury also yield the same utility as the ...
Contents
Introduction | 1 |
Overview of the Labor Market | 12 |
The Demand for Labor | 48 |
Copyright | |
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analysis average behavior capital Chapter constraint costs decisions decline demand curve demand for labor discrimination discussion earnings elasticity of demand employed employment levels equilibrium estimates example expected factors federal Figure firm firm's fringe benefits hiring hourly human-capital immigration incentives income effect incomes policies indifference curves individuals industries investment isoquants Jacob Mincer Labor Economics labor force labor market labor supply layoffs leisure less marginal cost marginal product ment minimum wage nonunion occupational Orley Ashenfelter output overtime paid pension percent percentage period present value price inflation profits programs public employees Public Sector rate of wage real wage reduce relative rise risk shift studies substitution effect supply curve Suppose Table teenagers tend theory things equal U.S. Government Printing unem unemployed unemployment rate union members United utility W₁ wage increases wage inflation wage rate white males women