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Draw the daily budget constraint without program participation for the single parent. What effect does this program have on the incentive to work? Explain.
Draw the income-household time (budget) constraints for the coming year under both offers. (Clearly label which is Company X and which is Y.)
Draw the current daily budget constraint (assume a wage that is net of the hourly child-care costs) for a single mother and then draw in the new constraint.
Draw the daily budget constraints for each of her paid-work options (assume she can work either for the catering service or as a babysitter but cannot do both).
Draw an assumed current daily budget constraint for a single parent and then draw in the constraint that would be created by the $20 subsidy.
What would be the labor supply effects on those workers just beginning their careers (workers in their twenties, for example)?
Assume that a state government currently provides no child-care subsidies to working. Discuss the likely effects on labor force participation and hours of work.
Why Would this policy cause an increase in the labor supply of parents with small children?
What is Teddy's base wage rate? What is Teddy's overtime wage rate? How many hours does Teddy need to work to receive overtime?
Suppose Michael receives $50 per day as interest on an inheritance. His wage rate is $20 per hour, and he can work a maximum. Draw his daily budget constraint.
Calculate the annual income effect from this lottery gain based on a 50-week year. Interpret the results in light of the theory presented in this chapter.
If both leisure and income are normal goods, what is the effect of the shorter commute on Nina's work time?
What hourly base wage will the employer offer so that the total pay for a 10-hour workday will stay the same?
Draw the old and new budget constraints (label each clearly) associated with the DI program, and analyze the work-incentive effects of the change in benefits.
Wages are $12 per hour, and yo-yo-making equipment rents for $4 per hour. Compute the cost minimizing capital-labor ratio at this firm.
Draw the new (after-tax) demand curve in terms of the employee wage. How will this tax affect the wage of lifeguards and the number employed as lifeguards?
The marginal revenue product of labor at the local sawmill is MRPL = 20 - 0.5L, where L = the number of workers. How many workers will the mill hire?
If the Tennessee study can be generalized, what is the marginal product of labor (MPL) of these two additional teachers?
Use the theory studied in this course to analyze how wage subsidies to employers are likely to affect employment levels in France.
How will these changes abroad affect labor market outcomes for workers in the apparel and retailing industries in the United States? Explain.
What effect would this policy have on the employment of unskilled illegal immigrants? What effect would it have on the demand for skilled native labor?
What would be the effect on the wage rate women received? What would be the effect on the net wage employers paid?
Years ago, Great Britain adopted a program that placed a tax-to be collected from employers-on wage. Discuss the wage and employment effects of this tax policy.
Why would you expect to see any differences in the technologies used to perform these tasks? Explain.
What aspects of each alternative must be taken into account when analyzing the possible employment effects of the two approaches to safety?