Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN: 9781305506725
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter 26, Problem 10CQ
(a):
To determine
Impact of compulsory 8 hour early hours shift on hourly earnings.
(b):
To determine
Impact of splitting working hours on hourly earnings.
(c):
To determine
Impact of child care services on hourly earnings.
(d):
To determine
Impact of prestigious status of job on hourly earnings.
(e):
To determine
Impact of changing cities on hourly earnings.
(f):
To determine
Impact of out-of-town travel on hourly earnings.
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Students have asked these similar questions
Otherthingsbeingconstant,howwillthefollowinginfluence the hourly earnings of employees? Explain your answer.
The employee must work the midnight to 8:00 a.m. shift.
The job involves split shifts (work three hours, off
two hours, work three additional hours, and so on).
Theemployerprovideslow-costchildcareservicesonthe
premises.
The job is widely viewed as prestigious.
The job requires employees to move often from city
to city.
The job requires substantial amounts of out-of-town
travel.
To which of the following job characteristics could the hedonic wage function be applied?
a. the degree to which a job involves monotonous work
b. the degree to which the area surrounding the job location is safe
c. the degree to which a job involves strenuous work
d. the probability of being injured on the job
e. All of these can be represented with a hedonic wage function.
Other things constant, which of the following job characteristics would be most likely to result in a higher pay rate for the job? a.The job involves working in pleasant surroundings. b.The job is widely viewed as prestigious. c.The job requires substantial amounts of stressful out-of-town travel. d.The employer provides low cost child-care services on the premises.
Chapter 26 Solutions
Economics: Private and Public Choice (MindTap Course List)
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Similar questions
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- An efficiency wage premium is a good way for a firm to reduce shirking if A. the cost of the higher wage is less than the value added from increased productivity. B. the cost of monitoring the employee is very low. C. the fired employees due to shirking can easily find a job with the same high wage premium. D. the employees are concerned that the firm may lay them off for cost reduction.arrow_forwardGive examples of possible employee benefitsarrow_forwardDiscuss the difference between General Training and Specific Training. Give Examples.arrow_forward
- Find the attached file.arrow_forwardDiscuss the difference between general training and specific training. Who pays for and collects the returns from each type of training?arrow_forwardThink of a job that either you or a friend/relative held that paid a wage that you thought was either unfair or inequitable compared to the wages or salaries of other positions within the business or within the wider business community. Answer the following questions in relation to that example. On what basis do you think the wage was set? I.e. What factors influenced how much the organization valued the role? Why did you think it was unfair? If there was an opportunity to be covered by a Union contract/agreement, do you think there would have been an increase/decrease in the wage? If you were the employer, what would cause you to increase the wage for that role? and finally, 5. Do you think that the wages/salaries of the main "jobs" in our society are allocated fairly? Provide an example of a role that you think is highly undervalued and explain why. For example, should CEOs and celebrities earn millions of dollars each year compared to child care workers or stay at home parents who…arrow_forward
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