LABOR ECONOMICS
8th Edition
ISBN: 9781260004724
Author: BORJAS
Publisher: RENT MCG
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Question
Chapter 12, Problem 11P
(a)
To determine
Explain the general research question and difference between control group and treatment group.
(b)
To determine
Explain the acceptance wages between control group and treatment group.
(c)
To determine
Explain whether the discouraged workers are included in the unemployment rate calculation or not.
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Reducing occupational immobility of labor is the only way of decreasing the level of unemployment. Discuss
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply.
They are counted as part of the labor force by the Bureau of Labor Statistics.
They have given up on looking for a job.
They are dissatisfied with their current jobs and are considering quitting.
They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
The following table contains U.S. employment information from June 2019.
Civilian Population
Employed
Unemployed
Discouraged
(Persons 16 years old and over)
(Persons)
(Persons)
(Persons)
259,037,000
157,005,000
5,975,000
425,000
The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows:
U-4U-4
= =…
Which of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all
that apply.
They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work.
They are employed workers who want to earn higher wages.
They are full-time workers who would like to work only part-time.
They are dissatisfied with their current jobs and are considering quitting.
The following table contains U.S. employment information from August 2018.
Civilian Population
(Persons 16 years old and over)
258,066,000
Employed Unemployed Discouraged
(Persons) (Persons) (Persons)
434,000
155,604,000
6,197,000
The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure
of labor underutilization, which is calculated as follows:
Unemployed+Discouraged
U-4 = 100 X Labor Force + Discouraged
Fill in the following table…
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- Discuss the need for ethical frameworks in the employment sphere.arrow_forwardWhich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They have given up on looking for a job. They are dissatisfied with their current jobs and are considering quitting. They are counted as part of the labor force by the Bureau of Labor Statistics. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. The following table contains U.S. employment information from July 2019. Civilian Population (Persons 16 years old and over) 259,225,000 U-4 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: = 100 x Employed Unemployed (Persons) (Persons) 157,288,000 6,063,000 Unemployed + Discouraged Labor Force + Discouraged Discouraged (Persons) 368,000 Fill in the following table by…arrow_forwardWhich of the following statements correctly describe discouraged workers? (If none of the choices apply, leave all of the checkboxes blank.) Check all that apply. They have not looked for a job in 4 weeks (or longer), but they would like a job and are available for work. They are dissatisfied with their current jobs and are considering quitting. They are counted as part of the labor force by the Bureau of Labor Statistics. They are full-time workers who would like to work only part-time. The following table contains U.S. employment information from August 2018. Civilian Population (Persons 16 years old and over) 258,066,000 The Bureau of Labor Statistics has several measures of joblessness in addition to the official unemployment rate. One alternative is the U-4 measure of labor underutilization, which is calculated as follows: U-4 = 100 x Employed Unemployed Discouraged (Persons) (Persons) (Persons) 434,000 155,604,000 6,197,000 Unemployed + Discouraged Laber Haren + Dacoraged Fill…arrow_forward
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