Labor Market Policy at Universität Siegen

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Study with flashcards and summaries for the course Labor Market Policy at the Universität Siegen

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

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Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

In a standard neoclassical labor market with perfect competition, excess demand arises:

Select the correct answers:

  1. If the government implements a minimum wage which is above the market clearing wage.

  2. If the government implements a minimum wage which equals the market clearing wage.

  3. If the government implements a minimum wage which is smaller than the market clearing wage.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

Consider the case of payroll taxes discussed in the lecture; if the taxes are imposed on the firm:

Select the correct answers:

  1. wage rates of the workers reduce.

  2. wage rates of the worker’s increase.

  3. no effect on the wage rates of the workers.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

In the neoclassical model of labor supply, the size of the labor-independent i income V influences:

Select the correct answers:

  1. the position of the budget-line.

  2. the form of the indifferent curve.

  3. the slope of the budget-line.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

Consider the case of payroll taxes discussed in the lecture, the workers are better off when:

Select the correct answers:

  1. it does not matter whether the tax is imposed on workers or firms.

  2. payroll tax is assessed on the firm.

  3. payroll tax is assessed on the worker.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

Consider the basic model of labor demand, how does a decrease in the wage in the long run affect the firm’s capital and labor demand?

Select the correct answers:

  1. the firm produces less capital intensive and more labor intensive.

  2. no effect on the firm’s capital and labor demand.

  3. the firm produces more capital intensive and less labor intensive.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

Following the definition of the lecture, Total labor force:

Select the correct answers:

  1. is the sum of the employed persons and the unemployed.

  2. Includes all persons in employable age or working age.

  3. Includes only the employed persons.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

Efficiency wages:

Select the correct answers:

  1. lead to unemployment because they are higher than the market clearing wage.

  2. are efficient because they lead to a smaller unemployment rate.

  3. are an instrument of the government to reduce the unemployment rate.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

Consider the neoclassical model of labor demand discussed in the lecture. In the long run consideration

Select the correct answers:

  1. the capital stock K is flexible.

  2. the employment level L is fixed.

  3. the capital stock K is fixed.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

Consider the case of payroll taxes discussed in the lecture; if the taxes are imposed on the workers’ (wage) income:

Select the correct answers:

  1. employment reduces.

  2. employment increases.

  3. no effect on the employment.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

In a standard neoclassical labor market with perfect competition, excess supply arises:

Select the correct answers:

  1. if the government implements a minimum wage which is above the market clearing wage.

  2. If the government implements a minimum wage which equals the market clearing wage.

  3. If the government implements a minimum wage which is smaller than the market clearing wage.

Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

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Exemplary flashcards for Labor Market Policy at the Universität Siegen on StudySmarter:

Labor Market Policy

Costs of Studying:
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Labor Market Policy

In a standard neoclassical labor market with perfect competition, excess demand arises:
  1. If the government implements a minimum wage which is above the market clearing wage.

  2. If the government implements a minimum wage which equals the market clearing wage.

  3. If the government implements a minimum wage which is smaller than the market clearing wage.

Labor Market Policy

Consider the case of payroll taxes discussed in the lecture; if the taxes are imposed on the firm:
  1. wage rates of the workers reduce.

  2. wage rates of the worker’s increase.

  3. no effect on the wage rates of the workers.

Labor Market Policy

In the neoclassical model of labor supply, the size of the labor-independent i income V influences:
  1. the position of the budget-line.

  2. the form of the indifferent curve.

  3. the slope of the budget-line.

Labor Market Policy

Consider the case of payroll taxes discussed in the lecture, the workers are better off when:
  1. it does not matter whether the tax is imposed on workers or firms.

  2. payroll tax is assessed on the firm.

  3. payroll tax is assessed on the worker.

Labor Market Policy

Consider the basic model of labor demand, how does a decrease in the wage in the long run affect the firm’s capital and labor demand?
  1. the firm produces less capital intensive and more labor intensive.

  2. no effect on the firm’s capital and labor demand.

  3. the firm produces more capital intensive and less labor intensive.

Labor Market Policy

Following the definition of the lecture, Total labor force:
  1. is the sum of the employed persons and the unemployed.

  2. Includes all persons in employable age or working age.

  3. Includes only the employed persons.

Labor Market Policy

Efficiency wages:
  1. lead to unemployment because they are higher than the market clearing wage.

  2. are efficient because they lead to a smaller unemployment rate.

  3. are an instrument of the government to reduce the unemployment rate.

Labor Market Policy

Consider the neoclassical model of labor demand discussed in the lecture. In the long run consideration
  1. the capital stock K is flexible.

  2. the employment level L is fixed.

  3. the capital stock K is fixed.

Labor Market Policy

Consider the case of payroll taxes discussed in the lecture; if the taxes are imposed on the workers’ (wage) income:
  1. employment reduces.

  2. employment increases.

  3. no effect on the employment.

Labor Market Policy

In a standard neoclassical labor market with perfect competition, excess supply arises:
  1. if the government implements a minimum wage which is above the market clearing wage.

  2. If the government implements a minimum wage which equals the market clearing wage.

  3. If the government implements a minimum wage which is smaller than the market clearing wage.

Labor Market Policy

Benefits of Studying:
  • better career opportunities
  • higher wages
  • higher social status
  • higher reputation
  • student lifestyle
  • joy of studying
  • interest in field of study

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