LABOR ECONOMICS LOOSE PRINT UPGRADE
20th Edition
ISBN: 9781264115211
Author: BORJAS
Publisher: MCG
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Question
Chapter 8, Problem 2P
(a)
To determine
Determine how the given migration pattern can be due solely to differences in the distribution of wages.
(b)
To determine
Determine how this pattern of migration takes place even if the cost of migration is higher for high-wage workers.
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a)How the following factors influence the present value of net benefits of migration.
i) Transportation costs
b) If the elasticity of demand for type Z workers is -0.5, then an increase of wage rate from $45 to $55 will cause the quantity demanded to fall by _____ percent.
c) What is the difference between geographic labour mobility and occupational labour mobility?
Suppose high-wage workers are more likely than low-wage workers to move to a new state for a better job. a. Explain how this migration pattern can be due solely to differences in the distribution of wages. b. Explain how this migration pattern can take place even if the cost to move is greater for high-wage workers.
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
False
Chapter 8 Solutions
LABOR ECONOMICS LOOSE PRINT UPGRADE
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Similar questions
- In general, different jobs pay different wages. One overarching reason is that different jobs have different characteristics, with wages serving to compensate for those different characteristics. Consider two virtually identical individuals, employed in the same industry and working in the same region. One of the individuals works in Occupation A, while the other works in Occupation B. Assume that the individual working in Occupation A earns a higher wage than the individual working in Occupation B. Describe four differences between Occupations A and B that could each help explain the different wages paid to the two workers.arrow_forwardIn general, different jobs pay different wages. One overarching reason is that different jobs have different characteristics, with wages serving to compensate for those different characteristics. Consider two virtually identical individuals, employed in the same industry and occupation. One of the individuals works in Region A, while the other works in Region B. Assume that the individual working in Region A earns a higher wage than the individual working in Region B. Describe four differences between Regions A and B that could each help explain the different wages paid to the two workers. [Note: There are multiple correct ways to answer this question. Use your knowledge of inter-regional wage differences to develop your answer.]arrow_forwardTo what extent are flexible work arrangements a positive for workers? For employers?arrow_forward
- Think of a job that either you or a friend/relative held that paid a wage that you thought was either unfair or inequitable compared to the wages or salaries of other positions within the business or within the wider business community. Answer the following questions in relation to that example. On what basis do you think the wage was set? I.e. What factors influenced how much the organization valued the role? Why did you think it was unfair? If there was an opportunity to be covered by a Union contract/agreement, do you think there would have been an increase/decrease in the wage? If you were the employer, what would cause you to increase the wage for that role? and finally, 5. Do you think that the wages/salaries of the main "jobs" in our society are allocated fairly? Provide an example of a role that you think is highly undervalued and explain why. For example, should CEOs and celebrities earn millions of dollars each year compared to child care workers or stay at home parents who…arrow_forwardIf a job pays a wage of $50 per hour, but has a non-wage cost valued at $20 per hour, the net benefit of taking the job equals ________.arrow_forwardWhich type of migration best describes a move from the suburbs to a nearby city? forced migration voluntary migration seasonal migration interregional migration intraregional migrationarrow_forward
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