The below graph shows the optimal asking wage. Suppose another individual with the same wage opportunities is more “future-oriented”. Show how this would alter the graph.  How will this affect the asking wage and the length of the job search?

Does the existence of unemployment insurance eliminate the economic costs of unemployment?

How does path dependency provide an explanation for differentiation in earnings between men & women?

please draw a graph using this information the article discusses a decrease in the demand for certain jobs due to automation, the initial equilibrium (D0) in the labor market would have Pe0 and Qe0. With the decrease in demand for certain jobs, the demand curve shifts leftward, creating a new equilibrium (D1) with Pe1 (lower than Pe0) and Qe1 (lower than Qe0). Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Darla gets her utility from consumption C and leisure L. The most leisure she can consume in any given week is 110 hours. Her utility function is U(C, L) = C x L. This implies that Darla’s marginal rate of substitution is C / L Darla receives $750 each week from her grandparents–regardless of how much she works. What is Darla’s reservation wage?

Weber coined the term Protestant Work Ethic and defined proper workplace behavior as working for more than the benefit of oneself; or working just for profit. A characteristic of the protestant work ethic is wealth creation based on increased productivity and better use of resources. Do you think there are generational differences between why baby-boomers work and today’s millennial's (Gen-Y)? Discuss your perceptions.

Suppose that education is the only factor that affects productivity and that an additional year of education raises wages by 2%.   Suppose in 2011 gender wage gap was 13%, and the average man had 15 years of education while the average women had 14 years of schooling.  a) Using the wage gap decomposition technique, calculate how much of the 13% wage differential is due to discrimination? b) Now suppose in 2021 the gender wage gap is 10%, but the average woman’s education level is increased to 17 year and the average man’s education increases to16 years. (Assume that the return to education stays same at 2%), Was there a decrease or an increase in wage discrimination in the decade?  Why?

what happens to hours of labor when the reservation wage rate increases? What happens to hours of labor when the reservation wage rate decreases? Graph it with an indifference curve, budget constraints, and reservation wage.

Why does a worker allocate his or her time over the life cycle so as to work more hours in those periods when the wage is highest? Why does the worker not experience an income effect during those periods?

Gerhart & Newman (2020) discuss how compensation (pay) may be a measure of justice, i.e., gender, race, culture, etc. They further state that stockholders are interested in executive pay. Why does it matter, and how is it fixed? How risky are these decisions to employee retention?