Chapter 8 Compensating Wage Differentials and Labor Markets
Chapter 8 Compensating Wage Differentials and Labor Markets Copyright © 2003 by Pearson Education, Inc.
Figure 8. 1 A Family of Indifference Curves between Wages and Risk of Injury Copyright © 2003 by Pearson Education, Inc. 2
Figure 8. 2 Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury Copyright © 2003 by Pearson Education, Inc. 3
Figure 8. 3 A Family of Isoprofit Curves for an Employer Copyright © 2003 by Pearson Education, Inc. 4
Figure 8. 4 The Zero-Profit Curves of Two Firms Copyright © 2003 by Pearson Education, Inc. 5
Figure 8. 5 Matching Employers and Employees Copyright © 2003 by Pearson Education, Inc. 6
Figure 8. 6 An Offer Curve Copyright © 2003 by Pearson Education, Inc. 7
Figure 8. 7 The Effects of Government Regulation in a Perfectly Functioning Labor Market Copyright © 2003 by Pearson Education, Inc. 8
Figure 8. 8 A Worker Accepting Unknown Risk Copyright © 2003 by Pearson Education, Inc. 9
Figure 8. 9 An Indifference Curve between Wages and Employee Benefits Copyright © 2003 by Pearson Education, Inc. 10
Figure 8. 10 An Isoprofit Curve Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: A Unitary Trade-off Copyright © 2003 by Pearson Education, Inc. 11
Figure 8. 11 Alternative Isoprofit Curves Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: Nonunitary Trade-offs Copyright © 2003 by Pearson Education, Inc. 12
Figure 8. 12 Market Determination of the Mix of Wages and Benefits Copyright © 2003 by Pearson Education, Inc. 13
Figure 8 A. 1 Choice of Hours of Work Copyright © 2003 by Pearson Education, Inc. 14
Figure 8 A. 2 The Choice between H'′ Hours with Certainty and H'′ Hours on Average Copyright © 2003 by Pearson Education, Inc. 15
- Slides: 15