Labor Economics, Macroeconomics

Assignment Help:
Assume Workers Comp awards $X to workers not working because of injury. $X is set to equal the workers previous wages. Once workers return to work, the award payments stop. Suppose the government were to implement a new program in which recipients were awarded $0.5X, but were allowed to work; in addition, those who worked would earn a wage subsidy of 20 percent of their wages per hour worked, in addition to their wages. What are the changes in work incentives associated with this change in the law??

Related Discussions:- Labor Economics

How internal resources important, Why is it important to study the internal...

Why is it important to study the internal resources, capabilities, and activities of firms? What insights can be gained?

Relationship between number of hours worked and unemployment, Q. Relationsh...

Q. Relationship between number of hours worked and unemployment? In all models we presume a negative relationship between number of hours worked and unemployment. If number of

Credit multiplier, How to calculate credit multiplier with the value of dep...

How to calculate credit multiplier with the value of deposit, reserves requirement and loan

Faced trade-offs, Provide an example of a decision in which you faced trade...

Provide an example of a decision in which you faced trade-offs, considered opportunity costs and evaluated the options by comparing the marginal benefits and the marginal costs ass

Probabilities, Compute the following probabilities a) If Y is distribute...

Compute the following probabilities a) If Y is distributed N(1,4) find Pr(y ? 3) b) If Y is distributed N(3,9) find pr(y>0) c) If Y is distributed N (50,25) find pr(40?Y?5

State in brief the nominal wage level, State in brief the Nominal wage leve...

State in brief the Nominal wage level In macroeconomics, we are generally not interested in the wage for a specific individual though in the average wage for all employed indi

Describe the structural unemployment, Describe the Structural unemployment ...

Describe the Structural unemployment Individuals who are unemployed as their skills are no longer in demand where they live. This kind mainly results in longer spells and may r

Difference between accounting profit and economic profit, What is the diffe...

What is the difference between accounting profit and economic profit? Accounting Profit: The accounting profit of a business is the revenue of business minus the explicit

Who was the labour chancellor gordon brown, Who was the Labour Chancellor G...

Who was the Labour Chancellor Gordon Brown In the period between 1997 and 2006 the Labour Chancellor Gordon Brown was committed to self-imposed Sustainable Investment Rule that

Assignment, what are the effects of interest rate in the economy of south a...

what are the effects of interest rate in the economy of south africa in unemployment, economic groth, employment. and economic growth

Write Your Message!

Captcha
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