Question

9.Why do young workers have higher unemployment rates than older workers? Is labor productivity different? Why?...

9.Why do young workers have higher unemployment rates than older workers? Is labor productivity different? Why?

10.Why do some firms pay efficiency wages? What would you expect to be true in regions or industries for which the payment of efficiency wages is widespread?

Business   Economics   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

9) Young workers have high unemployment rates than the older workers because the older workers used to be more satisfied with their work because of their generation. Whereas the young workers tend to shift the orgnanisation frequently than the older workers so they are left in unemployment more often. Even the labor policies also force the young workers to remain unemployed. Labor productivity is not different for both the older and young workers.

10) Firms pay efficiency wages to encourage more prodcutivity from the workers. If the work is of similar kind and firm has to increase the productivity, it will follow the efficiency wage system to have command over the productivity. When the efficiency wage payment is widespread, organisation is trying to boost the overall productivity and to encourage the workers in engagement of work.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Unemployment rates are typically lower for people between about 25–54 years of age than they are...
Unemployment rates are typically lower for people between about 25–54 years of age than they are for those who are either younger or older. “Prime-age workers,” as those in the 25–54 age bracket are sometimes called, are typically at a place in their lives when they want very much to have a job and income arriving at all times. But some proportion of those who are under 30 may still be trying out jobs and life options and some proportion...
1)Empirical estimates of own-wage labor elasticity of labor demand vary across different groups. Predict the kind...
1)Empirical estimates of own-wage labor elasticity of labor demand vary across different groups. Predict the kind of differences that you would expect (higher than or lower than) in the own-wage elasticity of labor demand between the following groups. a) males and females b) young (20-30) and older men(60+) c) high-school graduates and college graduates 2)Young workers with little experience are generally more susceptible to company layoffs than older and more experienced workers. Can you explain this phenomenon?
I am trying to understand why some workers earn higher wages than others, some landowners higher...
I am trying to understand why some workers earn higher wages than others, some landowners higher rental income than others, and some capital owners greater profit than others? Why, in particular, do computer programmers earn more than gas station attendants?
2. Workers with different levels of non-labor wealth, such as land, all else equal, have different...
2. Workers with different levels of non-labor wealth, such as land, all else equal, have different “minimum piece rates”, that is, different rates (per unit of output) at which they would be able to work. This is because their non-labor assets can generate income that can be used to pay for nutrition. Use this result to draw a graph that features the minimum piece rate at which a worker is able to work on the y-axis and non-labor wealth on...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any...
Topic: Why is unemployment so high in Europe? Briefly discuss. Optional reading: You can use any Web browser to search for the words “European unemployment.” Just by scanning the headlines, see how many possible explanations you can list. Why Is Unemployment So High in Europe? Between World War II and the mid-1970s, unemployment in Western Europe was low. From 1960 to 1974, for example, the unemployment rate in France never got as high as 4 percent. The worldwide recession of...
The table below presents labor market data for three countries. All population values are in millions....
The table below presents labor market data for three countries. All population values are in millions. Country Working-age population Labor force Employed Unemployed Unemployment rate (%) Labor-force participation rate (%) Japan 106 61 5 France 31 7 51.67 Germany 77 48 12.5 Instructions: For the last two columns, enter your responses as percentages rounded to one decimal place. Instructions: Round your answers for the working-age population, labor force, employed, and unemployed to the nearest whole number. a. Fill in the...
1. The amount of __________increases when the economy goes into a recession and decreases when the...
1. The amount of __________increases when the economy goes into a recession and decreases when the economy goes into an expansion. a. structural unemployment b. seasonal unemployment c. cyclical unemployment d. frictional unemployment 2. It is difficult for cyclically unemployed persons to find jobs because a. they typically do not meet the qualifications required for the available jobs. b. the economy is in a recession. c. they voluntarily quit their last jobs and employers may view them as unreliable. d....
Traditionally, union contracts have called for pay and promotion systems that reward employees with higher pay...
Traditionally, union contracts have called for pay and promotion systems that reward employees with higher pay and advancement as they achieve greater seniority; that is, more years on the job. In a company with a unionized work-force, employees with comparable amounts of experience would have comparable earnings. Employees with greater seniority would be promoted if they met the minimum requirements of the job opportunity Some people question whether tying pay and advancement to seniority is effective or even fair. For...
12. Which one of the following is most likely to reduce the mobility of labor between...
12. Which one of the following is most likely to reduce the mobility of labor between jobs? (circle one) A decrease in license fees the requirement of a union that you apprentice first before receiving your union license the taxation of income 9. Other things constant, which of the following job characteristics would be most likely to result in a higher wage for a job? (circle one) The employer provides lots of free benefits. The job employs low skilled workers...
The natural rate of unemployment is not a measure of the rate at which marginal returns...
The natural rate of unemployment is not a measure of the rate at which marginal returns to labor are diminishing according to the economy’s long run production function human capital long run equilibrium in the labor market the rate at which natural resources are extracted and depleted A multiple-choice question with several possible answers.(Required) Which of the following would give workers some degree of monopoly power? high rates of short term unemployment labor unions learning by doing highly specialized human...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT