Labor Economics
Labor Economics
7th Edition
ISBN: 9780078021886
Author: George J Borjas
Publisher: McGraw-Hill Education
Question
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Chapter 8, Problem 12P

(a)

To determine

Determine how the universal healthcare system would cause a greater amount of efficient turnover.

(b)

To determine

Determine whether defined-benefit or defined-contribution retirement plan allows more efficient turnover.

(c)

To determine

Determine the difference-in-difference estimate.

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Consider the following​ statements:   a. Fewer people are employed in Freedonia now than at any time in the past 75 years.   b. The unemployment rate in Freedonia is lower now than it has been in 75 years.Can both of these statements be true at the same​ time? A. ​Yes, these statements can be correct if more people are classified as​ "discouraged workers."B. ​No, these statements cannot be true since unemployment must increase as employment decreases.C. ​Yes, if the number of unemployed decreases more than the number of employed.D. ​Yes, both of these statements can be correct if labor productivity increases.
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