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The Demand for Labor
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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 higher wages 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 offer Orley Ashenfelter output overtime paid pension percent percentage period present value price inflation profits programs public employees Public Sector rate of wage real wage receive 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 United utility wage increases wage inflation wage rate white males women