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Labor Economics 5th Edition by George Borjas
Edition 5ISBN: 978-0073511368Labor Economics 5th Edition by George Borjas
Edition 5ISBN: 978-0073511368 Exercise 2
Consider Table 5-1 and compare the fatality rate of workers in the mining, construction, manufacturing, and financial industries.
a. What would the distribution of wages look like across these four industries given the compensating differential they might have to pay to compensate workers for risk
b. Now look at average hourly earnings in 2006 by industry as reported in Table 614 of the 2008 U.S. Statistical Abstract. Does the actual distribution of wages reinforce your answer to part (a) If not, what else might enter the determination of median weekly earnings
Reference Table 5-1
a. What would the distribution of wages look like across these four industries given the compensating differential they might have to pay to compensate workers for risk
b. Now look at average hourly earnings in 2006 by industry as reported in Table 614 of the 2008 U.S. Statistical Abstract. Does the actual distribution of wages reinforce your answer to part (a) If not, what else might enter the determination of median weekly earnings
Reference Table 5-1
Explanation
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The fatality rate of workers in the mini...
Labor Economics 5th Edition by George Borjas
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