Chapter 8 Compensating Wage Differentials and Labor Markets
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-2 FIGURE 8.1 A Family of Indifference Curves between Wages and Risk of Injury
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-3 FIGURE 8.2 Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-4 FIGURE 8.3 A Family of Isoprofit Curves for an Employer
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-5 FIGURE 8.4 The Zero-Profit Curves of Two Firms
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-6 FIGURE 8.5 Matching Employers and Employees
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-7 FIGURE 8.6 An Offer Curve
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-8 FIGURE 8.7 The Effects of Government Regulation in a Perfectly Functioning Labor Market
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. 8-9 FIGURE 8.8 A Worker Accepting Unknown Risk
Copyright © 2006 Pearson Addison-Wesley. All rights reserved FIGURE 8.9 An Indifference Curve between Wages and Employee Benefits
Copyright © 2006 Pearson Addison-Wesley. All rights reserved FIGURE 8.10 An Isoprofit Curve Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: A Unitary Trade-Off
Copyright © 2006 Pearson Addison-Wesley. All rights reserved FIGURE 8.11 Alternative Isoprofit Curves Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: Nonunitary Trade-Offs
Copyright © 2006 Pearson Addison-Wesley. All rights reserved FIGURE 8.12 Market Determination of the Mix of Wages and Benefits
Copyright © 2006 Pearson Addison-Wesley. All rights reserved FIGURE 8A.1 Choice of Hours of Work
Copyright © 2006 Pearson Addison-Wesley. All rights reserved FIGURE 8A.2 The Choice between H' Hours with Certainty and H' Hours on Average