1. In addition to the benefits themselves, what other costs should be considered when debating the extension of UI? 2. Which argument do you find most convincing: that having longer access UI benefits reduces the imperative to accept a job, or that government has the responsibility to help those whose long job searches have not been successful? 3. What alternatives to extending UI benefits might support workers who cannot find jobs?

1. In addition to the benefits themselves, what other costs should be considered when debating the extension of UI? 2. Which argument do you find most convincing: that having longer access UI benefits reduces the imperative to accept a job, or that government has the responsibility to help those whose long job searches have not been successful? 3. What alternatives to extending UI benefits might support workers who cannot find jobs?

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter1: Ten Principles Of Economics

Section: Chapter Questions

Problem 6PA

See similar textbooks

Similar questions

Suppose that Unemployment Insurance (UI) benefits are set according to the following rules: (i) minimum weekly earnings in last week of employment of $200.00 is needed to qualify; (ii) the maximum UI weekly benefit is $1000; and (iii) UI benefits are set equal to 50% of the last week’s earnings between the minimum and maximum levels. A. Show the structure of the UI benefit system on a diagram. B. Compute both the UI benefit level and the replacement rate if weekly earnings in the last week of employment is: (i) $100; (ii) $500; and (iii) $3,000.
Senator Deal proposes to offer a choice to future retirees: if you retire before age 70, the benefits are calculated on the last 35 years of income; if you retire at age 73, however, you receive benefits calculated on only the last 15 years of income. Which option will high-income workers likely choose? Low-income workers? Why?
Presently, there is a minimum and maximum social security benefit paid to retirees. Between these two bounds, a retiree’s benefit level depends on how much she contributed to the system over her work life. Suppose Social Security was changed so that everyone aged 65 or older was paid $12,000 per year regardless of how much she earned over her working life or whether she continued to work after the age of 65. How would this likely affect hours worked of retirees?
a. Describe the basic self-selection issue involved whenever discussing the returns to education. b. Does the fact that some high school or college dropouts go on to earn vast amounts of money (e.g., Bill Gates dropped out of Harvard without ever graduating) contradict the self-selection story? c. Most government-provided job training programs are optional to the worker. Describe how the self-selection issue might be used to call into question empirical results suggesting there are large economic benefits to be gained by requiring all workers to receive government-provided job training.
Is government participation in our personal retirement plans good or bad? As an employee and employer, we are required to pay a sizeable percentage of our income into a federal retirement/benefits plan OASDI (aka: Social Security). Is this good or bad for our government to require this. Should retirement planning be left to the sole discretion of the working citizen? Provide reasons/examples to support your position.
Question 8: Consider two workers, Ralph and Steve. Both of them work for the same employer, and each earns $15 per hour. Steve is taxed at the 15 percent marginal rate. However, Ralph is married, and due to his wife’s income, he is taxed at the 28 percent marginal rate. Using Figure 11.3, indicate which one would be expected to seek more health insurance and why.
1. _______________involves active efforts to improve the job opportunities or outcomes of minority groups or women. A)Affirmative action B)Aligned action C)Meritorious action D)Anti-discriminative action 2.Increased immigration that is weighted towards low-skill workers may cause the wages of domestic low-skilled workers to_____________. A)increase b) shift c) decrease D) remain unchanged 3.Through various studies, most economists believe that in the topic of increased immigration; a) benefits outweigh the costs B) the benefits are negligible c) the benefits are equal to the costs D) costs outweigh the benefits
Hi! Can you help me with the question below? Todd has a job that presents zero risk of death or injury, but has always craved something more exciting. His current annual salary is $50,000. He has been offered a job on an Alaskan fishing boat that will pay$55,000 annually. This new job offer, however, comes with a 10% risk of severe injury that will cause Todd to have no income. Which of the following is true? (Assume the severe injury has no relevant implications besides reducing Todd’s income) A) Todd will definitely take the new job if he’s risk averse.B) Todd will definitely take the new job if he’s risk neutral.C) Todd will definitely decline the new job if he’s risk averse or risk neutral.D) Todd will definitely accept the new job if he’s risk seeking.E) Not enough information to determine.
What stereotypical messages did you learn as a child about people who do factory work and other forms of manual labor versus or any institution provide an alternative set of messages ?How could these messages have been changed?
How do federal agencies typically value lives saved by health, safety, and environmental regulations? A. Agencies consider medical expenses, pain and suffering, lost wages, and funeral and burial expenses B. Agencies ask individuals how much they would pay to avoid dying and average the results for the population C. Agencies use labor-market data to determine how much individuals are willing to pay to avoid (or, willing to accept to face) small fatality risks and use this information to generate a value of statistical life D. (A), (B), and (C) E. (B) and (C)
Sam is a single father with 2 children. He earns $15 per hour and can work up to 1,800 hours per year. If Sam does not earn any income at all, he receives government benefits totaling $20,000 per year. For every $1 of income he earns, his level of government support is reduced by $1. Which of the following statement best describes Sam’s situation? Group of answer choices A. He has no monetary incentive to work. B. He has a monetary incentive to work if he works more than 1800 hours. C. He has a monetary incentive to work as long as he does not exceed 1800 hours D. He has no monetary incentive to work more than 1200 hours.
Consider a situation where you felt wronged by someone you had a relationship with: a parent, friend, boss, or employee. Explain the situation. Have you forgiven the wrongdoer for harming you? If no, how does your inability or unwillingness to forgive the wrongdoer continue to damage you? What positive benefits would you receive if you did forgive the wrongdoer? If you have forgiven them, how has this past situation impacted your relationship?