Modern Labor Economics: Theory and Public Policy |
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Page 92
... things equal ) . Thus , the greater the elasticity of demand for the product , the greater the elastic- ity of demand for labor will be . One implication of this result is that , other things equal , the demand for labor at the firm ...
... things equal ) . Thus , the greater the elasticity of demand for the product , the greater the elastic- ity of demand for labor will be . One implication of this result is that , other things equal , the demand for labor at the firm ...
Page 96
... things equal , than a ton tax ( assuming the machines did not create higher dust levels for those workers remaining ) ... things equal , the substitution effect - and thus the wage elasticity of demand - would be larger . Note again that ...
... things equal , than a ton tax ( assuming the machines did not create higher dust levels for those workers remaining ) ... things equal , the substitution effect - and thus the wage elasticity of demand - would be larger . Note again that ...
Page 233
... things equal ) . 2. Most college students will be young . 3. College attendance will increase if the costs of college fall ( other things equal ) . 4. College attendance will increase if the gap between the earnings of college graduates ...
... things equal ) . 2. Most college students will be young . 3. College attendance will increase if the costs of college fall ( other things equal ) . 4. College attendance will increase if the gap between the earnings of college graduates ...
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