Chapter 8 Compensating Wage Differentials and Labor Markets.

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Chapter 8

Compensating Wage Differentials and Labor Markets

FIGURE 8.1 A Family of Indifference Curves between Wages and Risk of Injury

FIGURE 8.2 Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury

FIGURE 8.3 A Family of Isoprofit Curves for an Employer

FIGURE 8.4 The Zero-Profit Curves of Two Firms

FIGURE 8.5 Matching Employers and Employees

FIGURE 8.6 An Offer Curve

FIGURE 8.7 The Effects of Government Regulation in a Perfectly Functioning Labor Market

FIGURE 8.8 A Worker Accepting Unknown Risk

FIGURE 8.9 An Indifference Curve between Wages and Employee Benefits

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

FIGURE 8.11 Alternative Isoprofit Curves Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: Nonunitary Trade-Offs

FIGURE 8.12 Market Determination of the Mix of Wages and Benefits

FIGURE 8A.1 Choice of Hours of Work

FIGURE 8A.2 The Choice between H' Hours with Certainty and H' Hours on Average

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