Chapter04
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This chapter discusses labor demand elasticities and includes 8 figures examining topics like the components of the own-wage elasticity of demand for labor using plant-level data, how the federal minimum wage has changed relative to manufacturing wages over time, how minimum wage increases can obscure job losses if demand is growing, and how incomplete minimum wage coverage can cause employment shifts between covered and non-covered sectors. It also includes a figure depicting a production possibilities curve for a hypothetical society and discusses an empirical study estimating the labor demand curve using time series data and addressing simultaneity issues.
Chapter04
- 1. Chapter 4 Labor Demand Elasticities Copyright © 2009 Pearson Education, Inc.
- 2. Figure 4.1: Relative Demand Elasticities Copyright © 2009 Pearson Education, Inc. 4- 2
- 3. Figure 4.2: Different Elasticities along a Demand Curve Copyright © 2009 Pearson Education, Inc. 4- 3
- 4. Table 4.1: Components of the Own-Wage Elasticity of Demand for Labor: Empirical Using Plant-Level data Copyright © 2009 Pearson Education, Inc. 4- 4
- 5. Figure 4.3: Federal Minimum Wage Relative to Wages in Manufacturing, 1938-2007 Copyright © 2009 Pearson Education, Inc. 4- 5
- 6. Figure 4.4: Minimum Wage Effects: Growing Demand Obscures Job Loss Copyright © 2009 Pearson Education, Inc. 4- 6
- 7. Figure 4.5: Minimum Wage Effects: Incomplete Coverage Causes Employment Shifts Copyright © 2009 Pearson Education, Inc. 4- 7
- 8. Figure 4.6: The Production Possibilities for a Hypothetical Society Copyright © 2009 Pearson Education, Inc. 4- 8
- 9. Empirical Study: Estimating the Labor Demand Curve: Time Series Data and Coping with “Simultaneity” Copyright © 2009 Pearson Education, Inc. 4- 9