Chapter04

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Chapter04

  1. 1. Chapter 4Labor DemandElasticities Copyright © 2009 Pearson Education, Inc.
  2. 2. Figure 4.1: Relative Demand ElasticitiesCopyright © 2009 Pearson Education, Inc. 4- 2
  3. 3. Figure 4.2: Different Elasticities along a Demand CurveCopyright © 2009 Pearson Education, Inc. 4- 3
  4. 4. Table 4.1: Components of the Own-Wage Elasticity of Demand for Labor: Empirical Using Plant-Level dataCopyright © 2009 Pearson Education, Inc. 4- 4
  5. 5. Figure 4.3: Federal Minimum Wage Relative to Wages in Manufacturing, 1938-2007Copyright © 2009 Pearson Education, Inc. 4- 5
  6. 6. Figure 4.4: Minimum Wage Effects: Growing Demand Obscures Job LossCopyright © 2009 Pearson Education, Inc. 4- 6
  7. 7. Figure 4.5: Minimum Wage Effects: Incomplete Coverage Causes Employment ShiftsCopyright © 2009 Pearson Education, Inc. 4- 7
  8. 8. Figure 4.6: The Production Possibilities for a Hypothetical SocietyCopyright © 2009 Pearson Education, Inc. 4- 8
  9. 9. Empirical Study: Estimating the Labor Demand Curve: Time Series Data and Coping with “Simultaneity”Copyright © 2009 Pearson Education, Inc. 4- 9

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