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Sectors and dynamics in the labor market

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Reference no: EM132170491

The following are corrected descriptions about sectors and dynamics in the Labor Market, EXCEPT: 

  1. Low Skilled Labor has a more Elastic Demand than the High Skilled Labor sector. 
  2. Low Skilled Labor has a more Inelastic Supply than the High Skilled Labor sector. 
  3. An aging population could lead to a contraction of the Labor Force and consequent increase of Wages in the market. 
  4. Higher Pension Benefits will decline the motivation to work, with the consequent decline of market wages.

Reference no: EM132170491

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