Transcript Powerpoint Review

Review For Final Exam
Will Include Questions From:
In-Class Lectures
Chapter 6 (exclude pps. 185-187 and 202-205)
Chapter 8 (exclude appendix)
Chapter 9 (exclude appendix)
Chapter 10 (exclude pps. 347-354)
Chapter 12 (exclude pps. 422-427 and appendix)
Articles 7, 8, and 9
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Chapter 6 - Supply of Labor and Decision to Work
Theory of the Decision to Work
Income and Substitution Effects of a Wage Change
The Graphics of Labor-Leisure Choice
Graphical Analysis of Income Replacement Programs
Graphical Analysis of Welfare Programs
Welfare Reform and Workfare
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Figure 6.1: An Individual Labor Supply
Curve Can Bend Backward
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Figure 6.7: Indifference Curves and
Budget Constraint
(with an increase in nonlabor income)
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Figure 6.13: Budget Constraint
with a Spike
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Figure 6.14: Income and Substitution
Effects for the Basic Welfare System
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Chapter 8 - Compensating Wage Differentials
The Role of Compensating Wage Differentials in
Matching Worker and Employer
Hedonic Wage Theory and Risk of Injury
-Worker Indifference Curves
-Employer Isoprofit Curves
-The Offer Curve
 Hedonic Wage Theory and Employee Benefits
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Figure 8.1: A Family of Indifference Curves
between Wages and Risk of Injury
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Figure 8.3: A Family of Isoprofit
for an Employer
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Curves
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Figure 8.6: An Offer Curve
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Figure 8.12: Market Determination of
the Mix of Wages and Benefits
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Chapter 9 - Human Capital Investments
Net Present Value and The Human Capital
Investment Decision
The Effect of Education and OJT on Earnings - Males
and Females
 Women and Human Capital Acquisition
 Is Education a Good Investment?
 The Signaling Model
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Figure 9.2: Alternative Earnings Streams
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Figure 9.4:
Money Earnings
(Mean) for
Full-Time,
Year-Round Female
Workers, 2005
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Figure 9.6: The Increased Concavity of
Women’s Age/Earnings Profiles
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Figure 9.8: The Lifetime Benefits and
Costs of Educational Signaling
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Chapter 10 - Worker Mobility
Net Present Value and Worker Mobility
Characteristics of Movers
Returns to Immigration
U.S. Immigration History
Characteristics of Illegal Immigrants to the U.S.
Benefits and Costs of immigration
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