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Indicate whether the statement is true or false, and justify your answer.
The imposition of federally mandated maternity benefits had no effect on the mean wages of female workers.
Gruber (1994) found that this law miserable the wage of female workers of childbearing age. Thus, it is an evidence of wage pass – through.
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- Indicate whether the statement is true or false, and justify your answer.In part, physicians’ salaries are higher than secretaries’ salaries because it takes more years to train to become a physician than it does to become a secretary.Indicate whether the statement is true or false, and justify your answer.Suppose that a state grants Medicaid benefits to a worker only if his income is between $5,000 and $10,000 a year. This will not result in a work disincentive because those who are not working at all cannot receive any benefits.Indicate whether the statement is true or false, and justify your answer.If physicians are earning monopoly rents, then there must be more barriers to entry in the labor market for physicians than is socially optimal.
- Indicate whether the statement is true or false, and justify your answer.At firms that do not provide health insurance, the wages of obese workers are lower than the wages of non-obese workers with similar levels of productivity.Why is the conclusion of the Compensation test principle considered unethical?Indicate whether the statement is true or false, and justify your answer.In the US, well-educated males can expect to live longer than poorly educated males.
- Indicate whether the statement is true or false, and justify your answer.Aggressive natalist policies have successfully reversed birth rate declines in most European countries.Indicate whether the statement is true or false, and justify your answer.Sickness funds in Bismarck health care systems are publicly administered and financed.Indicate whether the statement is true or false, and justify your answer.The fact that practicing surgeons who have finished residency earn more than practicing pediatricians implies that the rate of return of choosing surgery exceeds the rate of return of choosing pediatrics for a medical school graduate.
- A competitive labor market offers traineeship programs. During the training, employees of type 1 will create a product worth dollars 1,000, while employees of type 2 will create a product worth dollars 5,000. The two types are indistinguishable, but type 2 is more patient - for these workers, sitting in on a Harvard lecture bored is just as harmful as losing 200 dollars, and for type 1 employees, losing 400 dollars. After completing the lectures and completing the training, all employees leave for Canada, where, due to the withdrawal from the American process, Canadian lectures are not counted. There is a separating balance in which those who listen to lectures with a total length of X hours will receive a salary of Dollars 5,000, and those who do not listen - Dollars 1,000. What are the possible values of X?Inability of one to determine marginal value of health care implies that the traditional approach to demand theory does not work very well for health-care services. True or false?There is a telling joke about two economists walking down the street. They spot a $20 bill on the sidewalk. One stoops to pick it up, but the other one says, “Don’t bother; if the bill was real, someone would have picked it up already.” The lesson is clear. A strong belief in efficient markets can disable the investor and make it appear that no research effort can be justified. Do you think there are still enough anomalies in the empirical evidence to justify the search for overpriced/underpricedsecurities? Support your answer with examples and new theories in the context of Efficient Market Hypothesis.