Question 1

The wage curve

Accepted Answer

A)  shows that, with higher regional rates of unemployment, wages for otherwise comparable workers are higher. 
B)  is evidence that most national economies have regionally integrated labor markets. 
C)  may exist because efficiency-wage premiums can be smaller in areas of high unemployment. 
D)  is evidence that wages are always at equilibrium. 
A)  shows that, with higher regional rates of unemployment, wages for otherwise comparable workers are higher. 
B)  is evidence that most national economies have regionally integrated labor markets. 
C)  may exist because efficiency-wage premiums can be smaller in areas of high unemployment. 
D)  is evidence that wages are always at equilibrium.

Question 2

Most workers who are laid off

Accepted Answer

A)  do not return to work with the same employer. 
B)  return to work with the same employer. 
C)  stay unemployed for a relatively short duration (one month or less). 
D)  drop out of the labor force. 
A)  do not return to work with the same employer. 
B)  return to work with the same employer. 
C)  stay unemployed for a relatively short duration (one month or less). 
D)  drop out of the labor force.

Question 3

If unemployment insurance were perfectly experience rated then

Accepted Answer

A)  unemployment would probably rise. 
B)  unemployment would probably fall. 
C)  unemployment could either rise or fall. 
D)  unemployment would be unchanged. 
A)  unemployment would probably rise. 
B)  unemployment would probably fall. 
C)  unemployment could either rise or fall. 
D)  unemployment would be unchanged.

Question 4

If workers for a firm have mainly general human capital,then when the demand for its output falls,the firm will mainly

Accepted Answer

A)  lower wages. 
B)  cut back on employment. 
C)  cut work hours of all workers. 
D)  increase its specific investment in workers as the opportunity cost of training is low. 
A)  lower wages. 
B)  cut back on employment. 
C)  cut work hours of all workers. 
D)  increase its specific investment in workers as the opportunity cost of training is low.

Question 5

In reemployment bonus experiments,bonuses to workers who found new jobs quickly

Accepted Answer

A)  increased the average duration of unemployment. 
B)  decreased the average duration of unemployment. 
C)  did not change the average duration of unemployment. 
D)  decreased the number of spells of unemployment. 
A)  increased the average duration of unemployment. 
B)  decreased the average duration of unemployment. 
C)  did not change the average duration of unemployment. 
D)  decreased the number of spells of unemployment.

The wage curve

Most workers who are laid off

If unemployment insurance were perfectly experience rated then

If workers for a firm have mainly general human capital,then when the demand for its output falls,the firm will mainly

In reemployment bonus experiments,bonuses to workers who found new jobs quickly

Introduction

Overview of the Labor Market

The Demand for Labor

Labor Demand Elasticities

Frictions in the Labor Market

Supply of Labor to the Economy: The Decision to Work

Labor Supply: Household Production, the Family, and the Life Cycle

Compensating Wage Differentials and Labor Markets

Investments in Human Capital: Education and Training

Worker Mobility: Migration, Immigration, and Turnover

Pay and Productivity: Wage Determination within the Firm

Gender,Race,and Ethnicity in the Labor Market

Unions and the Labor Market

Inequality in Earnings

The Labor-Market Effects of International Trade and Production Sharing

Filters

Exam 14: Unemployment

The wage curve

Most workers who are laid off

If unemployment insurance were perfectly experience rated then

If workers for a firm have mainly general human capital,then when the demand for its output falls,the firm will mainly

In reemployment bonus experiments,bonuses to workers who found new jobs quickly

Introduction

Overview of the Labor Market

The Demand for Labor

Labor Demand Elasticities

Frictions in the Labor Market

Supply of Labor to the Economy: The Decision to Work

Labor Supply: Household Production, the Family, and the Life Cycle

Compensating Wage Differentials and Labor Markets

Investments in Human Capital: Education and Training

Worker Mobility: Migration, Immigration, and Turnover

Pay and Productivity: Wage Determination within the Firm

Gender,Race,and Ethnicity in the Labor Market

Unions and the Labor Market

Inequality in Earnings

The Labor-Market Effects of International Trade and Production Sharing

Filters