ECN 3671 – The Economics of Labor Markets – Spring 2012 Term Paper Guidelines In this term paper you will explore an issue in labor economics‚ relying on published academic research and the economic models we have developed in class to inform your analysis‚ as well as other sources of your choosing. Topics There is a very broad range of potential topics for this paper. The most important criteria for a topic is that it be of interest to you: something that sparks your curiosity‚ something related
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of firms about labor market 1. Workers are all alike 2. Wages are set by the market 3. Firm’s goal is to earn the highest possible profit Wages = cost of an extra worker The firm will hire until (value of extra worker = wage) Production Function A= productivity Marginal product of labor(MPN) MPN decreases as #workers inc. The benefit of employing an additional worker in term of the extra output produced. Marginal revenue product of labor(MRPN=P X MPN)
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Perfect Labor Markets When looking at the market for labor‚ it is useful to make a similar distinction to that made in the theory of the firm: the distinction between perfect and imperfect markets. Although in practice few labor markets are totally perfect‚ many do at least approximate to it. The assumptions of perfect labor markets are similar to those of perfect goods markets. The main one is that everyone is a wage taker. In other words‚ neither employers nor employees have any economic
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Question 1. What are the factors that have slowed the migration of workers who once flooded the booming coastal provinces of China in search of unskilled factory work? Answer 1. The factors that have slowed the migration of labor are: 1. Government Policy that encourage yawning income gap between the urban rich and the rural poor in China. 2. Elimination of the agricultural tax. 3. The arising development on remote areas : sprouting malls‚ housing projects‚ restaurants and infrastructure
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resulting in a well skilled workforce. Labour activation refers to a wide range of policies targeted at people receiving government social welfare. Often‚ the aim is to encourage the target group to re-enter the labour market. The Nordic countries’ long term investment in education and workers’ training has allowed the Nordic societies to adapt quickly to rapid technological changes‚ and become world leaders in fields such as information and communications technology (ICT). The breadth of the of the social
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Table of contents TABLE OF CONTENTS 1 1 Introduction 1 2 Literature review 2 3 Methodology 3 3.1 Inflation and Unemployment rates in Singapore 3 3.2 Data 4 3.3 Estimation 4 4 Regression resultS and data analysis 5 4.1 ADF Test Results 5 4.2 Co-integration test and Long-run model 5 4.3 The Error Correction Model 6 4.4 Diagnostic Tests for ECM model 7 5 Policy Implications 8 6 Conclusion 9 7 Bibliography 10 Introduction Inflation and unemployment are two major
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Integration of the Internal Market Introduction At the very center of the European integration process stands the internal market. The Court of Justice has in several instances ruled on the scope of the rights constituted by the internal market and the thereby following freedoms of movement of workers‚ capital‚ and goods‚ the freedom to provide services‚ and the right establish. This synopsis will look into the way in which the Court of Justice balance between promoting the harmonization of
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Discrimination in the labor market Discrimination on the grounds that you belong to another sex is a problem that many have wondered about for a long time. All these questions about equal pay has interested the media but also in politics. Any issue of wage discrimination have created incredible questions and protests against this‚ but even if it has advanced in Sweden with wages and equality as women still earn lower wages. Today it is said that women earn on average about 17 percent less than
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Statement of Action Plan According to our forecast of labor requirements found in Markov analysis‚ we will need 3‚995 store associates‚ 90 shift leaders‚ 157 department managers‚ 5 store managers‚ and currently have a surplus of assistant managers. As a result‚ we will need to hire mostly store associates‚ keeping them at the associate level‚ while promoting some into shift leaders. In order to fulfill these variations of staffing level in management positions‚ we can begin targeting recent college
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largely to cheap labor markets in Asia and Latin America. the world today requires job descriptions typical worker machines to read mechanical drawings and understand designs with the help of computers and operating the machines controlled tools computerized and make important decisions. The United States faces a sharp difference between what the labor market needs‚ and what produced by the education system. There are two aspects to this paradox. First‚ the United States lacks the skills‚ and the unemployment
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