Work-related privileges accorded to female employees may be linked in employers’ consideration of their preference to male employees although such employment policies are globally implemented. TRUE or FALSE
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Work-related privileges accorded to female employees may be linked in employers’ consideration of their preference to male employees although such employment policies are globally implemented.
TRUE
or
FALSE
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- Discuss how upward-sloping age-earnings profiles can elicit more effort from workers.Suppose there are two identical job offers in the same competitive labor market for a software developer position. Both offers have the same salary of $80,000 per year. However, Job A allows the employee to work from home, while Job B requires the employee to commute to the office daily. The average monthly commuting cost for Job B is estimated to be $400. Calculate the compensating differential in this scenario, and determine if it makes economic sense for the employee to choose Job B over Job A. Assume a working year consists of 12 months.Currently, it is imperative for Depok Municipality employers of more than 50 workers to offer paid family leave for workers with newborn children. Under this new regulation, companies or industries with more than 50 workers are obligate to keep a job for a worker who goes on paid leave for up to eight weeks (approx. two months). When on leave, workers receive 55 percent of their regular pay. What are the likely responses on the demand (employer) side of the labor market? Include in your analysis a consideration of factors that would affect the size of these responses
- Show that the competitive labor market compensates workers for the probability that they will be laid off.Jobs where the product or service is "non-essential" yet is in high demand with a limited pool of exceptionally talented workers are likely to have higher wages than jobs where the product or service is "essential." True FalseThe use of group averages to judge individual productivity levels is called Statistical Discrimination. Therefore; this type of discrimination differs from ordinary discrimination because it is based on incomplete information rather than on the utility-maximizing choices of people with accurate information? True False
- As a result of this discrimination, the equilibrium wage will (rise or fall) True or False: Discriminatory hiring practices always originate from employer prejudice.Every year, management and labor renegotiate a new employment contract by sending their proposals to an arbitrator who chooses the best proposal (effectively giving one side or the other $1 million). Each side can choose to hire, or not hire, an expensive labor lawyer (at a cost of Employer Low Salary Offer High Salary Offer Employee Walks Employer gets 0 Employee gets 0 Employee Accepts Employer gets 100 Employee gets 75 Employee Walks Employer gets 0 Employee gets 0 Employee Accepts Employee gets 100 Employer gets 75 $200,000) who is effective at preparing the proposal in the best light. If neither hires lawyers or if both hire lawyers, each side can expect to win about half the time. If only one side hires a lawyer, it can expect to win three-quarters of the time. 1. Diagram this simultaneous-move game. 2. What is the Nash equilibrium of the game? 3. Would the sides want to ban lawyers?How is cross elasticity and income elasticity relevant to Indigo’s managerialdecision making?
- In order to make a hiring decision, a manger must: Compare wage rate with MPL. If Wage rate is equal to MPL then hire Compare wage rate with MPL. If wage rate is less than MPL then hire. Compare wage rate with MPL. If wage rate is greater than MPL then hire. Compare wage rate with MRP. If wage rate is equal to MRP then hire Compare wage rate with MRP. If wage rate is lower than MRP then hire.Discuss the contributions of economics to employee and management motivation and pay.Suppose two households earn $50,000 and $84,000 respectively. What is the expected percent difference in wages between the children, grandchildren, and great-grandchildren of the two households if the intergenerational correlation of earnings is 0.4? Show your work. Children: __________________ Grandchildren: __________________ Great-grandchildren: __________________