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4 Labor Demand Elasticities.

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Presentation on theme: "4 Labor Demand Elasticities."— Presentation transcript:

1 4 Labor Demand Elasticities

2 Figure 4.1 Relative Demand Elasticities

3 Figure 4.2 Different Elasticities along a Demand Curve

4 Table Components of the Own-Wage Elasticity of Demand for Labor: Empirical Estimates Using Plant-Level Data

5 Figure 4.3 Federal Minimum Wage Relative to Wages in Manufacturing, 1938–2009

6 Figure 4.4 Minimum Wage Effects: Growing Demand Obscures Job Loss

7 Figure 4.5 Minimum Wage Effects: Incomplete Coverage Causes Employment Shifts

8 Figure 4.6 The Production Possibilities for a Hypothetical Society

9 Emprical Study Estimating the Labor Demand Curve: Time Series Data and Coping with “Simultaneity”, Diagram 1

10 Emprical Study Estimating the Labor Demand Curve: Time Series Data and Coping with “Simultaneity”, Diagram 2


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