Economics Today, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (18th Edition) (Pearson Series in Economics)
18th Edition
ISBN: 9780134004624
Author: Roger LeRoy Miller
Publisher: PEARSON
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Chapter 30, Problem 2FCT
To determine
Incentive for a firm for not hiring 50th full-time worker.
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Economics Today, Student Value Edition Plus MyLab Economics with Pearson eText -- Access Card Package (18th Edition) (Pearson Series in Economics)
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- The following is an excerpt from "The Labor Market Effects of Rising Health Insurance Premiums," by Katherine Baicker, Amitabh Chandra. We estimate the effect of rising health insurance premiums on wages, employment, and the distribution of part‐time and full‐time work using variation in medical malpractice payments driven by the recent “medical malpractice crisis.” We estimate that a 10% increase in health insurance premiums reduces the aggregate probability of being employed by 1.2 percentage points, reduces hours worked by 2.4%, and increases the likelihood that a worker is employed only part time by 1.9 percentage points. For workers covered by employer provided health insurance, this increase in premiums results in an offsetting decrease in wages of 2.3%. This finding is consistent with the presence of ____.arrow_forwardName two factors that explain a decrease in the use of incarceration?arrow_forward
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