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Questions tagged [labor-economics]

Labor economics is the branch of microeconomics that studies labor markets and its peculiarities. Labor economists usually study topics such as career choice, returns to schooling, determinants of labor productivity, wages, gender and racial gaps.

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1answer
34 views

Where/What should I search to find the big companies annual paid salary information?

I want to know how much salary paid by apple in 2017 to whole employees. Also the details of other payments of the company(How much they paid for raw materials for example). Also like to know these ...
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1answer
1k views

Why real wage equals marginal product of labor when return to scale is constant?

I can understand that real wage will equal MPL(marginal product of labor) when MPL is diminishing, because firms will employ more labor until MPL falls to real wage. While, if MPL is constant, ...
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2answers
192 views

What is feminist economics?

Feminist economics? What kind of "field" is that? Just the existence of such a field seems ridiculous to me...
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42 views

How to find right MRP_L in this economic problem?

Economic problem from my textbook (here is my translation from Russian): There is a firm that is both monopoly and monopsony. It's monopoly on market of its product and it's monopsony on labor market ...
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2answers
160 views

Differentiation of the value function in Burdett Mortensen (1998)

I'm currently making my way through Burdett and Mortensen's classic paper of on the job search. What should be an easy task of finding an expression for the reservation wage is made slightly more ...
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1answer
61 views

Would an $8 National Minimum Wage Work in the US?

For those who advocate a \$15 minimum wage, would the benefits espoused also come from an \$8 minimum? The reason I ask, is that it’s often said that the minimum wage needs to be updated as it was ...
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1answer
912 views

Marx: Relative and equivalent-form. Difference?

I don't understand the difference between the two. For example: 2 Shoes = 3 wood Now Marx says that the first is the relative-form and the second is the equivalent-form. So the use-value expressed ...
2
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1answer
102 views

What effect does a wage ratio cap have on the efficency of allocation of labour?

Introduction Wage ratio caps prevent the wages of all employees from exceeding a maximum of a fixed multiple of the wages of the lowest paid employee in a given institution. Wage ratio caps can ...
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1answer
38 views

General equilibrium effects of affirmative action policies

I am interested in the debate about affirmative action in college admissions and I would be happy to read some theoretical economic investigations of the effects of these policies. I would be glad if ...
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0answers
54 views

Estimating Job Vacancy rate empirically

I'm currently reading up on matching models in terms of their ability to describe frictional unemployment, they generally follow a cobb-douglas form. $$M(u,v)=m=\mu u^\alpha v^{1-\alpha}$$ Where $M(...
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1answer
82 views

Trying to show result of prisoners dilemma simulation through supply/demand graph

I made up this situation where candidate $A$ and $B$ are vying for a job. They can accept wage $x$ or undercut this to agree to work for $x-k$ where $0<k<x$. My point was that eventually they ...
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1answer
41 views

Modeling job application process in labor market

I need to model the job application process by job seekers. Specifically a job seeker when looking for a job, comes across a job and then decides whether to apply for it or not. I want to model this ...
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0answers
35 views

Maximum wage laws in mercantilist France

One John K Williams (1986) writes that in mercantilist France, The government actually imposed maximum wage laws. Any employer who paid wages above a legally defined ceiling was charged with an ...
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1answer
301 views

Find the optimal labor supply when labor utility is linear

I have been working the afternoon on an intertemporal exercise where I'm blocking on something very basic. Have been looking on previous posts but didn't find a similar question. We have the utility ...
4
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1answer
184 views

Analyzing Farm Bureau's claim that milk prices would double at the retail level if all the illegals were deported

A 2015 article on the Farm Bureau's website states: Half of all workers on U.S. dairy farms are immigrants, and the damage from losing those workers would extend far beyond the farms, nearly ...
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0answers
46 views

How many of the world's workers are producing luxury vs necessary goods?

Has there been any scholarship done on the proportion of producers producing high-end vs low-end goods? This could also be framed as the proportion of economic activity generated by wealth excess of a ...
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1answer
300 views

Has US real median personal/household income been stagnant since the late 1970's/early 1980's?

This is referring to an earlier question: Why are real median household incomes stagnant? How do the following graphs actually tell you that US real median personal/household income has been stagnant ...
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1answer
50 views

Structural Modelling of Expectations/Beliefs

I'm trying to build a structural model explaining the job search process by the job-seeker. One of the crucial component of job search, that i want to model, is the expectation about the employer. So ...
4
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3answers
89 views

Can lower working hours beat unemployment?

The common sense reasoning is downright simple: if X hours of works are needed per month, and Y people are available to work, give each person X/Y hours of work each month. I understand that there ...
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2answers
143 views

Does working abroad cause less unemployment however small?

The context of this question arises from people in third world countries going abroad to work. Often they are seen as money-hungry people who don't love their country (unless they are, say, physicists ...
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4answers
220 views

Can higher working hours reduce productivity?

Are there studies about the impact on per-hour output (productivity) of increasing the number of hours worked each week by employees? If every employee works 3hrs/week longer (from 41 to 44hrs), does ...
2
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1answer
132 views

What economic factors should be considered in attracting suitable staff and determining pay for temporary project work?

Getting qualified workforce for temporary projects can be difficult. If found from within the organisation, they may have to abstain from their regular work, and this may create additional ...
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1answer
87 views

Testing Roberts's Law: data request on CEO pay and company characteristics

I posted here regarding sources for Roberts's Law. In this paper it gives a clear qualification of what Roberts's law is. (Page 9, ...Cross-sectional prediction..) ..In a given year, the ...
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1answer
262 views

Slutsky Decomposition of Given Labor Supply Model

Let utility curve an individual given as $U(C,R) = C^aR^{1-a}$ where $(0\lt a \lt 1)$ and $C$ denotes consumption commodity and $R$ denotes its leisure, and price of $C$ is given as $P$, and the ...
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2answers
44 views

Effects of Robotics on the overall marginal propensity to consume

Basically we know that poor and middle class workers have a high marginal propensity to consume as compared to rich people. Assuming that all of their jobs will be done by robots, and only a few ...
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1answer
37 views

How is it traditionally defined the minimum wage legislation in economics?

How is it traditionally defined the minimum wage legislation in economics? And which countries does not have a minimum wage legislation as defined in these terms?
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1answer
101 views

Amplification Effects: Negative Denominator

Let $0 < \rho < 1$ be the discount rate, $V$ some option value, and $F$ some fundamental. $$ \rho V = \beta V + F$$ You have access to some option value $V$ that will always deliver you some ...
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3answers
601 views

Is the labor force participation rate related more to labour supply or to labour demand? Or both?

I have read several Labor Economics books, but I am stuck. Is the labor force participation rate related more to the labour supply or to the labour demand? If the labor force participation rate ...
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0answers
4k views

Difference between embodied and commanded labor in the Labor Theory of Value?

Could the difference between "labor embodied" (production cost in labor value) and "labor commanded" (selling price in labor value) as described in the labor theory of value be attributable to the ...
2
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1answer
33 views

Quarterly industry-level productivity growth?

Are there any quarterly data on industry-level productivity growth (i.e., by NAICS code) in the United States? I've looked around for a while but haven't been able to find anything. BLS publishes ...
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1answer
43 views

“Normal” vs “actual” variables in empirical work

In an early OECD study by Deppler and Ripley (1978), the authors distinguish between output per man hour, $OMH$, and what they call "Normal" output per man-hour, $NOMH$. (table 2, p152) At no point ...
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1answer
72 views

Theoretical/Empirical Arguments for Migrant Workers in the US

Consider the events that are developing in the US with regards to labor-intensive manual work and migrant workers. If more and more migrant workers are banished from the work pool, it remains a highly ...
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1answer
476 views

What are the economic perspectives regarding the game of salary negotiations?

Apologies if I use non-economic language to explain what I suspect is a practical application of economics. I have no formal education in economics whatsoever but hoping you guys/girls might be able ...
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1answer
44 views

Effects on transit system shutdown based on local workforce end-of-day times?

I'm curious if there are any studies based on logistics and economics of shutting down the bus/transit system before the general population's working class can go home. For example, the small town I ...
2
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1answer
53 views

Why does the Federal Reserve seem to hold so much weight on the unemployment rate, relative to labor participation?

The title is the question. In the press conference held yesterday, the Chair referenced "unemployment" 18 times, relative to "participation" 3 times. If the labor participation is at the lowest ...
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2answers
75 views

Literature request: Any articles on the signalling theory / game theory / asymmetric information of the firms' recruiting process?

I'd like to read more about the recruiting process of firms. Signalling theory and game theory can be a useful tool to better understand this phenomena. For example: Applicants, who ask for higher ...
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1answer
305 views

Exam question implies that a perfect labour market can have wage differentials?

My understanding is that wage differentials should not exist in a perfect labour market for occupations, but the following exam question seems to imply that this can be the case. A brief marking ...
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1answer
57 views

Understanding the effects of government deficit on international trade

Understand that I'm a total novice with regard to economics. Also, while I ultimately have an axe to grind (doesn't everyone?) I'm not trying to do that honing here, I'm simply looking for a sanity ...
1
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1answer
105 views

In a context of globalisation and high wage inequality, why should governments help unskilled workers?

With globalisation, wage inequality continues to be a strong issue for many developed nations. What I seek to find out here is, why should we even do anything to help the unskilled workers? From ...
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0answers
81 views

How can I model immigration and xenophobia economically using these equations?

I'm trying to put together a toy model for immigration ($I$), labor prices ($w$), and a measure of xenophobic/nationalistic sentiment ($A$). What I've come up with so far is the following: $$\frac{dI}...
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2answers
145 views

Due to rising costs of college tuition, is it likely that the future will have less universities and the remaining only for those of much wealth?

I am very sorry if this is worded wrong. I've looked at the numbers myself and it astounding how much college has gone up in price even for commuters in a few decades. People didn't need these ...
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0answers
92 views

Why aren't there more super-stars in educational content delivery?

The super-star phenomena seems to happen in any field where the marginal cost of distribution is very low. I think teaching could be that way just as much as acting or playing basketball - at least as ...
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2answers
157 views

Does the government have a role to play in certifying people's abilities for the labor market?

The nature of information often makes it look like a public good. Is this the case for certification of peoples abilities? Is there a role the government could play in certifying people's abilities? ...
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3answers
152 views

Why don't prices of USA labor and Mexican labor equalise?

That Mexicans workers get paid less US workers is a dynamic which motivates the moving of production to Mexico. This idea can be abstracted to Developed Markets (DM) labor and Emerging Markets (EM) ...
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1answer
192 views

Welfare analysis for a military draft

How would the welfare analysis of a military draft look? My intuition tells me that it would look similar to a price ceiling below the equilibrium, with the exception that suppliers (civilians) are ...
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2answers
508 views

Are American poverty rates increasing? What about global poverty rates

http://www.npc.umich.edu/poverty/ https://www.census.gov/data/tables/time-series/demo/income-poverty/historical-poverty-people.html I have heard numerous times that the future has gotten better. ...
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1answer
73 views

What changes the structural rate of output/unemployment?

To me the structural rate of unemployment was defined by $$\frac{1}{1+m} = F(u_n,z)$$ where $m$ is the markup and $z$ a catch-all variable. We could equivalenty get this in terms of $Y_n$ by letting $...
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1answer
94 views

Question about skill-biased technical change, Acemoglu

I am writing about skill-biased technical change, and in particular the 2001 Acemoglu (http://economics.mit.edu/files/283) paper on the topic, in which there is a part I am very stuck on. In the ...
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0answers
174 views

Difference between Value-Added TFP and Gross-Output TFP?

I am working with EU-KLEMS data, and I am using TFP growth as a proxy for technological change. However, there are 2 variables for TFP - TFP based on Gross Output and TFP based on Value Added. I ...
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2answers
101 views

Do wages differ in two perfectly competitive labour markets?

I understand that within a single labour market, the wages would be the same between two workers as firms and workers are both wage takers, but what about when there is more than one perfectly ...