1. Chapter 8 Compensating Wage Differentials and Labor Markets

2. Copyright © 2003 by Pearson Education, Inc.8-2 Figure 8.1 A Family of Indifference Curves between Wages and Risk of Injury

3. Copyright © 2003 by Pearson Education, Inc.8-3 Figure 8.2 Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury

4. Copyright © 2003 by Pearson Education, Inc.8-4 Figure 8.3 A Family of Isoprofit Curves for an Employer

5. Copyright © 2003 by Pearson Education, Inc.8-5 Figure 8.4 The Zero-Profit Curves of Two Firms

6. Copyright © 2003 by Pearson Education, Inc.8-6 Figure 8.5 Matching Employers and Employees

7. Copyright © 2003 by Pearson Education, Inc.8-7 Figure 8.6 An Offer Curve

8. Copyright © 2003 by Pearson Education, Inc.8-8 Figure 8.7 The Effects of Government Regulation in a Perfectly Functioning Labor Market

9. Copyright © 2003 by Pearson Education, Inc.8-9 Figure 8.8 A Worker Accepting Unknown Risk

10. Copyright © 2003 by Pearson Education, Inc.8-10 Figure 8.9 An Indifference Curve between Wages and Employee Benefits

11. Copyright © 2003 by Pearson Education, Inc.8-11 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

12. Copyright © 2003 by Pearson Education, Inc.8-12 Figure 8.11 Alternative Isoprofit Curves Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: Nonunitary Trade-offs

13. Copyright © 2003 by Pearson Education, Inc.8-13 Figure 8.12 Market Determination of the Mix of Wages and Benefits

14. Copyright © 2003 by Pearson Education, Inc.8-14 Figure 8A.1 Choice of Hours of Work

15. Copyright © 2003 by Pearson Education, Inc.8-15 Figure 8A.2 The Choice between H'′ Hours with Certainty and H'′ Hours on Average