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Chapter 8

Chapter 8. Compensating Wage Differentials and Labor Markets. Figure 8.1: A Family of Indifference Curves between Wages and Risk of Injury. Figure 8.2: Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury.

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Chapter 8

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  1. Chapter 8 Compensating Wage Differentials and Labor Markets

  2. Figure 8.1: A Family of Indifference Curves between Wages and Risk of Injury

  3. Figure 8.2: Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury

  4. Figure 8.3: A Family of Isoprofit Curves for an Employer

  5. Figure 8.4: The Zero-Profit Curves of Two Firms

  6. Figure 8.5: Matching Employers and Employees

  7. Figure 8.6: An Offer Curve

  8. Figure 8.7: The Effects of Government Regulation in a Perfectly Functioning Labor Market

  9. Figure 8.8: A Worker Accepting Unknown Risk

  10. Figure 8.9: An Indifference Curve between Wages and Employee Benefits

  11. Figure 8.10: An Isoprofit Curve Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: A Unitary Trade-Off

  12. Figure 8.11: Alternative Isoprofit Curves Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: Nonunitary Trade-Offs

  13. Figure 8.12: Market Determination of the Mix of Wages and Benefits

  14. Appendix 8A Compensating Wage Differentials and Layoffs

  15. Figure 8A.1: Choice of Hours of Work

  16. Figure 8A.2: The Choice between H’ Hours with Certainty and H’ Hours on Average

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