LT Topic 3: Compensating Wage Differentials Flashcards by T L | Brainscape

Q

Compensating differentials

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Q

Binary job (dis)amenities model

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Binary job (dis)amenities model - workers

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Binary job (dis)amenities model - firms

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Binary job (dis)amenities model - equilibrium

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Binary job (dis)amenities model - equilibrium

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Q

The Hedonic Wage Function

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The Hedonic Wage Function

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Q

Indifference curves

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Q

Difference in risk aversion

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Q

The Hedonic Wage Function - Isoprofit curves

Explain the shape of isoprofit curves

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Q

Differences in technology

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Q

Wage offer curve

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Q

Optimal matching

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Q

Optimal sorting

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Q

Optimal Sorting, the Hedonic Wage Function

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Q

Estimating Compensating Differentials

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Q

Ability bias

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Ability Bias

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Ability Bias

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Estimating Compensating Differentials - Empirical evidence

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Estimating Compensating Differentials - Empirical evidence

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Estimating Compensating Differentials - Empirical result

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Q

Policy application: Healthy and safety regulations

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Policy application: Healthy and safety regulations

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Q

Policy application: Healthy and safety regulations

Now suppose that workers incorrectly believe that their probability of injury

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Q

Policy Application: Health and Safety Regulations

Government mandates

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Q

Compensating Differentials - Summary

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