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Compensating differentials - PowerPoint PPT Presentation

Economic Inequality

Economic Inequality

Economic Inequality. Economic Inequality. We live in a country with extreme differences in wealth and income One reason for this is a difference in wage rates Can explain much about wage differences, using the tools you learned in a previous chapter

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1.26k views • 59 slides
Getting Into the Game: Sport as a Stimulus for Urban Economic Development

Getting Into the Game: Sport as a Stimulus for Urban Economic Development

Getting Into the Game: Sport as a Stimulus for Urban Economic Development. By: Robert A. Baade A.B. Dick Professor of Economics, Lake Forest College and President Emeritus, International Association of Sports Economists (IASE).

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419 views • 25 slides
BEM 146: Pay & ILM (ch 14) Colin Camerer, Fall 03

BEM 146: Pay & ILM (ch 14) Colin Camerer, Fall 03

BEM 146: Pay & ILM (ch 14) Colin Camerer, Fall 03. Competitive model All workers & firms the same (e.g. migrant farm worker picking) Marginal revenue product of a worker (MRP) is easily measured Market wage=MRP If wages too low, workers quit & firms raise wage

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268 views • 13 slides
BEM 146: Pay & ILM (ch 14) Colin Camerer, Fall 03

BEM 146: Pay & ILM (ch 14) Colin Camerer, Fall 03

BEM 146: Pay & ILM (ch 14) Colin Camerer, Fall 03. Competitive model All workers & firms the same (e.g. migrant farm worker picking) Marginal revenue product of a worker (MRP) is easily measured Market wage=MRP If wages too low, workers quit & firms raise wage

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141 views • 13 slides

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