What is the interpretation of a hedonic wage function

Assignment Help Microeconomics
Reference no: EM13205654

Explain what is meant by the hedonic wage function for a job characteristiv such as the probability of an injury. Go on and explain how the function can be deruved from worker prefernces and production technologies. What is the interpretation and hence the usefulness for policy purposes, of a hedonic wage function?

Reference no: EM13205654

Questions Cloud

Calculate the price of a 9-month call option : Irving Company has total value $325 million, and it has $100 million (face value) of zero-coupon bonds maturing after 10 years. The σ of Irving is .45 and the risk-free interest rate is 5%. Using Black-Scholes model, estimate the debt/assets ratio..
Define how the reaction at equilibrium responds : Explain how this reaction at equilibrium responds to the addition of heat? Please include any logic for why the reaction is endothermic or exothermic,
Explain what is the concentration of ch3nh2 : What is the concentration of CH3NH2 added to the solution?
Find out the solubility product ksp of herbigon : As a chemist for an agricultural products company, you have just developed a new herbicide,"Herbigon," that you think has the potential to kill weeds effectively.
What is the interpretation of a hedonic wage function : Explain what is meant by the hedonic wage function for a job characteristiv such as the probability of an injury. Go on and explain how the function can be deruved from worker prefernces and production technologies.
State a structural and a line-angle formula of propene : Write a structural and a line-angle formula of propene (C3H6). Write the IUPAC name. On the structure, specify a shape of each carbon
Why a change in one component of aggregate demand : Suppose that virtually everyone in the United States decides to take life a little easier, and the length of the average workweek falls by 25%. How will that affect GDP Per capita GDP How will it affect economic welfare
Create an expression for your classmates to solve : Create an expression for your classmates to solve that uses scientific notation and at least one of the rules for exponents you have described.
What is the total amount available for distribution : What is the total amount available for distribution to all claimants? What is the total of creditor and trustee claims? Will the preferred and common stockholders receive any distributions?

Reviews

Write a Review

Microeconomics Questions & Answers

  Define interest rate risk-federal funds market

why Banks are exposed to interest rate risk primarily. what does the Federal funds market involves.

  Who has the absolute advantage in coffee

An average worker in Brazil can produce an ounce of soybeans in 20 minutes and an ounce of coffee in 60 minutes, while an average worker in Peru can produce an ounce of soybeans in 50 minutes and a ounce of coffee in 75 minutes. Who has the absolu..

  What is the profit-maximizing price

Suppose you have 10 indivduals with vales ($1, $2, $3, $4, $5, $6, $7, $8, $9, $10. . our marginal cost of production is $2.50. What is the profit-maximizing price?

  Difference between accounting and economic profit

What is the law of diminishing returns? Can you provide an example of when diminishing returns have set in (could set in) at a work place?

  What affect the banks that lent the money

Is the real interest rate on this loan higher or lower than expected? Does the lender gain or lose from this unexpectedly high inflation? Does the borrower gain or lose from this unexpectedly high inflation?

  What are the levels of short run output

According to Okun's law, what unemployment rates would we expect to see in this economy? b. Consider another economy in which the unemployment rate over the next three years is 6%, 7%, and then 4%. According to Okun's Law, what are the levels of s..

  What is meant by the term fractional-reserve banking

The monetary system in any economy facilitates trade and allows people to trade more efficiently, as compared to a barter economy. In the United States, the monetary authority is the Federal Reserve System (also referred to as the Federal Reserve,..

  Describe the cross-price elasticity of demand

If Starbucks raises its price by 7 percent and McDonald’s experiences a 0.3 percent increase in demand for its coffee.

  Graph the demand curve and budget line

Graph the budget line and add the indifference curve for the following situation and also graph the demand curve based on the given information

  Calculate optimal consumption

Calculate John's optimal consumption bundle, (X, Y). (Hint: Since John's indif-ference curves are not smooth and \curvy", we cannot use MRS = MRT to solve for the optimal bundle. Draw a diagram to see where the John's optimal bundle must be on his ..

  Why contractionary policies are unpopular

A political commentator argues: "Congress and the President are more likely to enact an expansionary fiscal policy than a contractionary fiscal policy because expansionary policies are popular and contractionary policies are unpopular". Explain..

  Why private citizens to donate money to support the town

the display creates negative externalities. government should tax the producers of holiday lighting. resources are currently overallocated to the provision of holiday lighting in Anytown. resources are currently underallocated to the provision.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd