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Why would you expect the presence of labor unions to lead to higher or lower pay for worker-members?
What are the main causes for the recent trends in union membership rates in the United States?
What policies, when used together with antidiscrimination laws, might help to reduce the earnings gap between men and women or between white and black workers?
How would you expect immigration by primarily low-skill workers to affect American low-skilled workers?
What factors can explain the relatively small effect of low-skilled immigration on the wages of low-skilled workers?
Why is there asymmetric information in the labor market? What signals can an employer look for that might indicate traits they are seeking in a new employee?
What are some of the ways a seller of labor (that is, someone looking for a job) might reassure a possible employer who is faced with imperfect information?
What are some of the ways that someone looking for a loan might reassure a bank that is faced with imperfect information about whether the loan will be repaid?
In an insurance system, would you expect each person to receive in benefits pretty much what they pay in premiums?
What is the key difference between a fee-for service healthcare system and a system based on health maintenance organizations?
As you think about hiring someone for a job, what are some mechanisms you might use to overcome the problem of imperfect information?
Show, on the same graph, the amount of subsidy needed to increase the equilibrium quantity of fuel-efficient cars to Q social.
What is the best outcome for Becky and Sarah? What is the worst outcome? (It would help you to construct a prisoner's dilemma table.)
Describe how each of these changes is likely to affect poverty and inequality: Incomes rise for low-income and high-income workers.
Draw Jonathan's labor-leisure opportunity sets, both for before this welfare program is enacted and after it is enacted.
How does the earned income tax credit attempt to loosen the poverty trap?
Compute the share of total income received by each quintile of this income distribution.
Explain how information technology can increase income inequality if it is a complement to high-income workers like salespeople and managers.
Explain how a program that increased educational levels for a substantial number of low-skill workers could reduce income inequality.
Explain why this might be so, and sketch a production possibility curve that shows this tradeoff.
Why is there reluctance on the part of some in the United States to redistribute income so that greater equality can be achieved?
What are some reasons why a certain degree of inequality of income would be expected in a market economy?
Describe how a push for economic equality might reduce incentives to work and produce output.
What goods and services would you include in an estimate of the basic necessities for a family of four?
Explain how you would create a government program that would give an incentive for labor to increase hours and keep labor from falling into the poverty trap.