Topic 4: Labor market equilibrium Flashcards by T L

Q

**Equilibrium in a single competitive labour market

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Q

Surplus algebra in a competitive labour market

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Q

**Cobweb model

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Q

Adjustment Costs

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Q

Application: Employment effects of minimum wages

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Q

Theoretical impact of minimum wages on covered and uncovered sectors

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Q

Payroll taxes and subsidies

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Q

Impact of payroll tax assessed on firms

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Q

Impact of payroll tax assessed on workers

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Q

Impact of payroll tax put on firms with inelastic supply

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Q

Payroll subsidies

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Q

Impact of an employment subsidy

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Q

**Impact of mandated benefits

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Q

Competitive equilibrium in two labour markets linked by migration

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Q

The immigration surplus

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Q

Effect of native-born workers (theory)

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Q

The short-run impact of immigration when immigrants and natives are perfect substitutes

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The short-run impact of immigration when migrants and natives are complements

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Q

Long run impact of immigration when natives and migrants are perfect substitutes

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Q

**Labour market effects of immigration: empirical evidence

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Q

The impact of the mariel boatlift on the miami labour market - card view

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Q

The impact of the mariel boatlift on the miami labour market - Card’s conclusion

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Q

Empirical evidence: supply shock of highly skilled workers to the US - Borjas and Duran

A

Q

Noncompetitive labour markets: monopsony

A

Perfectly discriminating monopsonist

Nondiscriminating monosponist

The hiring decision of a nondiscriminatory monopsonist

Impact of minimum wage on a nondiscriminating monpsonist

Monopoly in the product market

The output decision of a monopolist

The labour demand curve of a monopolist

\*\*Minimum wage case study

MT Lecture 4