Labor Economics, Macroeconomics

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??
Posted Date: 3/28/2013 7:10:40 PM | Location : United States







Related Discussions:- Labor Economics, Assignment Help, Ask Question on Labor Economics, Get Answer, Expert's Help, Labor Economics Discussions

Write discussion on Labor Economics
Your posts are moderated
Related Questions
Assess the impact of transaction costs as they apply to the Coase Theorem. Evaluate how government assignment of property rights impacts free market exchanges.

How commercial banks "create money" Commercial banks obviously cannot influence the amount of currency in the economy or the monetary base, since they are not allowed to print

Due to the recent downturn in economic activity, Taz, has seen his hours at work reduced. He used to work 30 hours a week at $13 and hour, but now he works 22 hours. Due to this

Aggregate Supply and Demand 1. The equation for expenditure GDP is 2. Sketch a fully labeled aggregate supply and demand diagram for an economy that is in full employment equ

If the opportunity cost of producing extra units of one good (expressed in terms of the amount of another good that is sacrificed) remains constant, then the shape of the productio

The opportunity costs associated with the use of resources owned by a firm are: a. externalities b. implicit costs c. explicit costs d. sunk costs

Burwood Mining is raising capital of $500,000 for its next project from the following sources: Sources Amount $ Common stock 100,000

Q. Describe about Capital? By capital we characteristically mean manufactured goods which are used to produce other services and goods though aren't used up in the production p


law of indefference curve