1. 8
Compensating Wage Differentials and Labor Markets

2. Figure 8.1 A Family of Indifference Curves between Wages and Risk of Injury

3. Figure Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury

4. Figure 8.3 A Family of Isoprofit Curves for an Employer

5. Figure 8.4 The Zero-Profit Curves of Two Firms

6. Figure 8.5 Matching Employers and Employees

7. Figure An Offer Curve

8. Figure 8.7 The Effects of Government Regulation in a Perfectly Functioning Labor Market

9. Figure 8.8 A Worker Accepting Unknown Risk

10. Figure 8.9 An Indifference Curve between Wages and Employee Benefits

11. Figure An Isoprofit Curve Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: A Unitary Trade-Off

12. Figure Alternative Isoprofit Curves Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: Nonunitary Trade-Offs

13. Figure 8.12 Market Determination of the Mix of Wages and Benefits