LABOR ECON-CONNECT ACCESS
8th Edition
ISBN: 9781264604197
Author: BORJAS
Publisher: MCG
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Question
Chapter 12, Problem 11P
(a)
To determine
Explain the general research question and difference between control group and treatment group.
(b)
To determine
Explain the acceptance wages between control group and treatment group.
(c)
To determine
Explain whether the discouraged workers are included in the unemployment rate calculation or not.
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Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply.
They are counted as part of the labor force by the Bureau of Labor Statistics.
They have given up on looking for a job.
They are dissatisfied with their current jobs and are considering quitting.
They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
The following table contains U.S. employment information from June 2019.
Civilian Population
Employed
Unemployed
Discouraged
(Persons 16 years old and over)
(Persons)
(Persons)
(Persons)
259,037,000
157,005,000
5,975,000
425,000
The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows:
U-4U-4
= =…
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all
that apply.
They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
They are employed workers who want to earn higher wages.
They are full-time workers who would like to work only part-time.
They are dissatisfied with their current jobs and are considering quitting.
The following table contains U.S. employment information from August 2018.
Civilian Population
(Persons 16 years old and over)
258,066,000
Employed Unemployed Discouraged
(Persons) (Persons) (Persons)
434,000
155,604,000
6,197,000
The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure
of labor underutilization, which is calculated as follows:
Unemployed+Discouraged
U-4 = 100 X Labor Force + Discouraged
Fill in the following table…
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all
that apply.
They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
They are dissatisfied with their current jobs and are considering quitting.
They are counted as part of the labor force by the Bureau of Labor Statistics.
They are full-time workers who would like to work only part-time.
The following table contains U.S. employment information from August 2018.
Civilian Population
(Persons 16 years old and over)
258,066,000
The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure
of labor underutilization, which is calculated as follows:
U-4 = 100 x
Employed Unemployed Discouraged
(Persons) (Persons) (Persons)
434,000
155,604,000 6,197,000
Unemployed + Discouraged
Laber Haren + Dacoraged
Fill…
Knowledge Booster
Similar questions
- 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?arrow_forwardWhich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are employed workers who want to earn higher wages. They have not looked for a job in 6 weeks, but they would like a job and are available for work. They have given up on looking for a job. They are counted as part of the labor force by the Bureau of Labor Statistics.arrow_forwardSuppose the government wants to reduce this type of unemployment. Which of the following policies would help achieve this goal? Check all that apply. Extending the number of weeks for which unemployed workers are eligible for unemployment insurance benefits from the government Offering recipients of unemployment insurance benefits a cash bonus if they find a new job within a specified number of weeks Establishing government-run employment agencies to connect unemployed workers to job vacanciesarrow_forward
- consider the following two proposals to reform unemployment insurance. Explain the argument for and against each reform. (a) The insurance payment would be increased so that it replaced 100% of a worker's regular labor income for 26 weeks. (b) Each worker would be paid a lump sum equal to 10 weeks of his or her labor income at the start of the spell of unemployment. there would then be no other payments.arrow_forwardIf the federal government uses policy to "retrain" people, this would be most appropriate for which of the following types of unemployment? Group of answer choices frictional unemployment seasonal unemployment cyclical unemployment structural unemploymentarrow_forwardWhich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They are full-time workers who would like to work only part-time. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They have given up on looking for a job. They are dissatisfied with their current jobs and are considering quitting. The following table contains U.S. employment information from August 2018. Civilian Population Employed Unemployed Discouraged (Persons 16 years old and over) (Persons) (Persons) (Persons) 258,066,000 155,604,000 6,197,000 434,000arrow_forward
- Why is the unemployment rate amongst the Native Americans so high? Provide the relevant data and an explanation of this phenomenon.arrow_forwardDescribe the different types of unemployment. Explain the type(s) of unemployment the U.S. experiences when the economy is (a) in the boom, (b) in the recession, and (c) during unprecedented times, such as natural disasters, pandemics, or war. Describe the impacts of unemployment benefits on unemployment. Identify a period of high unemployment and the government policies used to fight unemployment. Explain if the policies were effective in fighting unemployment. Describe how you would address unemployment.arrow_forwardSuppose that a labor economist performs a statistical analysis on economywide worker wages using standard, measurable explanatory factors, such as job characteristics, years of schooling, and so forth. How much of the variation in worker wages can be accounted for by such measurable explanatory factors? Somewhat more than 60% Nearly 100% Somewhat less than 50% About 0% Which of the following factors are typically omitted from the quantitative analysis of wages but can help explain otherwise unaccounted-for disparities? Check all that apply. Chance Attractiveness Natural ability Effort Race O O O Oarrow_forward
- What relationship might be illustrated by a hedonic wage function: a) the relationship between the wage and a worker's race b) the relationship between the wage and the probability of injury faced by the worker c) the relationship between the wage and a worker's gender d) the relationship between the wage and a worker's skill level e) the relationship between the wage and a worker's agearrow_forwardDiscuss the salient features of unemployment in Bangladesh.arrow_forwardNot all groups in our society experience equal opportunity to work. The purpose of this discussion board is to allow you to research and explain the causes of disparity between current total U.S. unemployment and the unemployment rate for a demographic of your choice. Do not just list unemployment rates. Explain what causes the rates for the demographic of your choice to be different from the National average. Visit the Bureau of Labor Statistics website. What is the current national unemployment rate? Find the unemployment rate for the demographic group that best fits a description of you (for example, based on age, sex, and race) or choose a demographic group of interest. Is the rate for that demographic higher or lower than the national average? What are some reasons for the differences? Do some research in support of what you present. What factors contribute to the differences? Covid-19 caveat: The Pandemic did not necessarily impact all demographics in the same way.arrow_forward
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