rue/False/Uncertain The skill-biased technical change (SBTC) hypothesis states that if the technological advances that are being introduced constantly into the labor market are good substitutes for unskilled workers and complement the skills of highly educated workers, this type of technological change would lower the demand for unskilled labor and increase the demand for skilled labor. THE ANSWER SHOULD BE VERY CLEAR AND DETAİLED, THANK YOU!!!

rue/False/Uncertain The skill-biased technical change (SBTC) hypothesis states that if the technological advances that are being introduced constantly into the labor market are good substitutes for unskilled workers and complement the skills of highly educated workers, this type of technological change would lower the demand for unskilled labor and increase the demand for skilled labor. THE ANSWER SHOULD BE VERY CLEAR AND DETAİLED, THANK YOU!!!

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.12P

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True/False/Uncertain Whether the payroll tax is assessed on workers or firms makes a difference in the labor market outcomes and changes the equilibrium wages and employment in a competitive labor market. The skill-biased technical change (SBTC) hypothesis states that if the technological advances that are being introduced constantly into the labor market are good substitutes for unskilled workers and complement the skills of highly educated workers, this type of technological change would lower the demand for unskilled labor and increase the demand for skilled labor. Suppose there are two economies, A and B. Economy A suffers from a high degree of skills mismatch between workers and firms, while the mismatch problem is less severe for Economy B. Then the steady-state unemployment rate is higher in Economy A than in Economy B, because the fraction of employed workers who lose their jobs and become unemployed is higher in Economy A than in Economy B. The answers should…
True/False/Uncertain Suppose there are two economies, A and B. Economy A suffers from a high degree of skills mismatch between workers and firms, while the mismatch problem is less severe for Economy B. Then the steady-state unemployment rate is higher in Economy A than in Economy B, because the fraction of employed workers who lose their jobs and become unemployed is higher in Economy A than in Economy B. THE ANSWER SHOULD BE VERY CLEAR AND DETAİLED THANK YOU!!!
Q. 12-15. Consider the standard job search model as described in the text. (a) Why are the asking wage and expected unemployment duration positively related? (b) Can the standard job search model explain why unemployment duration is longer, on average, for secondary workers when compared to primary workers? Discuss. (c) In the context of the standard search model, explain how the economy-wide average asking wage and unemployment duration are affected by an expanded underground (cash) economy. What is the effect on the equilibrium unemployment rate? BOOK: Labor Economics, 8th Edition, by George Borjas, published by McGraw-Hill. Chapter 12
Joel is presently unemployed due to Covid-19. However instead of having employment records to produce he only has records of his full time enrollment at an accredited institution of higher learning for the last 2 years. Will he be eligible to receive either regular or disaster unemployment benefits due to this unique situation he finds himself in ? He is willing and able to look for work but cannot due to Covid-19. He needs answer applicable to either TX or FL. Thanks
Suppose that 15 states decrease the length of the standard work week from 40 to 35 hours. You are interested in the effects of this change on worker productivity. What effects might you expect to see? How would you conduct a difference-in-difference analysis to estimate the impact? What assumption must hold for the difference-in-difference analysis to be valid?
1. Illustrate and explain the impact of a minimum wage on the labour market. Period Minimum Wage Rate Unemployment Rate Inflation Rate Economic Growth Labour Force Participation 2019 - 2020 $17.50 2.8% 0.5% 2.8% 59.8% 2014 – 2018 $15.00 2.71% 3.5% 2.71% 62.6% 2010 - 2013 $12.50 2.21% 2.1% 2.21% 61.7% 2. By examining these variables (unemployment rate, inflation rate and economic growth rate) across the years, determine whether the increased minimum wage had the expected impact from part a?
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Although the unemployment rate is not a perfect measure (failing to account for potential increases in discouraged or underemployed workers), it remains a key indicator of a nation’s economic health. While Germany now enjoys a healthy unemployment rate of only 3.6% as of December 2017, the labor market has not always been booming in this European country. For example, as recently as 2005, German unemployment accounted for nearly 10% of the labor force. There are many factors that contributed to the turnaround of Germany’s labor market over the last decade, including wage decentralization and increased competitiveness according to an article from the Harvard Business Review (Alexandra Spitz-Oener, “The Real Reason the German Labor Market Is Booming,” March 13, 2017). However, one of the most well-known policy changes of the early 21st century was the Hartz reforms, which included a sharp decrease in unemployment benefits that altered the incentives of unemployed workers. Before the…
Consider a family where both the husband and wife work, and assume each spouse ha three more years to work (after the current year) before retirement. Following Table indicates the projected combined salary over the remaining working years if they each stay with their currentemployers. It also shows the combined salary they can expect if they relocate and change employers. Year Combined salaryat Current Job Combined salaryat New Job 1 $80,000 $83,000 2 $82,000 $87,000 3 $85,000 $92,000 Suppose the total cost of moving, including direct expenses, foregone earnings, and psychic costs(costs of leaving friends, coworkers, familiar surroundings, etc.) total $10,000. Assume all costs areincurred during the current year (year 0). a. If the discount rate is equal to the market interest rate of 6%, is this investment in mobility worthwhile?
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