1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ValentinkaMS [17]
3 years ago
6

Using the logic of the two-sided search model, compare the impact on the economy of government spending on education and apprent

iceship programs to that of government support of a minimum wage (government subsidy to firms that offer a higher minimum wage).
Business
1 answer:
Inga [223]3 years ago
7 0

Answer:

Recent changes in American public assistance programs have emphasized the role of work. Employer subsidies such as the Work Opportunity Tax Credit (WOTC) and the Welfare-to-Work Tax Credit (WtW) are designed to encourage employment by reimbursing employers for a portion of wages paid to certain welfare and food stamp recipients, among other groups. a simple dynamic search model of employment subsidies was developed and then test the model’s implications for the

employment outcomes of WOTC- and WtW-subsidized workers. The model predicts that subsidized workers will have higher rates of employment and higher wages than equally productive unsubsidized workers, and it highlights some possible effects of the subsidy on job tenure. predictions was tested using a unique administrative data set from the state of Wisconsin. These data provide information on demographic characteristics, employment histories, and WOTC and WtW participation for all welfare and food stamp recipients in the state for the years 1998 -2001. from those of eligibility.

The employment, wage, and job tenure effects of the WOTC and WtW using propensity score was estimated.

The estimation the effects of the Work Opportunity Tax Credit (WOTC) and the Welfare to Work Tax Credit (WtW) on employment outcomes of disadvantaged workers. These credits offer

subsidies to firms that hire individuals who may otherwise have difficulty finding jobs, such as certain welfare recipients, disadvantaged youth, and disabled individuals. Past work on previous employer-based credits found weak or even nonexistent employment effects, which resulted in the elimination of these

subsidies. The WOTC has been reauthorized four times since its implementation in 1996, and the WtW three times since its implementation in 1998, yet no study has carefully examined their effectiveness.

An analytical model of the WOTC and WtW were developed that allows workers from the same population to be paid different wages based on their value to the particular firms in which they are

employed. I also incorporate a binding minimum wage, which results in some long-term unemployment.

Finally, wages and employment status to change over time as employers learn about workers’ productivity in their firm. This dynamic element is essential to the model, since predictions about wage trajectories and job tenure cannot be made based on a static model. For example, concerns that

disadvantaged workers will end up in short-term, low-paying jobs cannot be addressed analytically without a model that allows changes in employment status over time. This gradual learning treats job matches as “experience goods” whose value cannot be determined ex ante.

Flinn (2003) introduces a minimum wage and investigates its effects on labor market outcomes and welfare in a search framework. Flinn incorporates the possibility of wage bargaining, and analyzes the effects of the minimum wage under different levels of worker bargaining power. Adding bargaining power to the model allows him to relax Jovanovic’s assumption that workers are always paid their (expected) marginal products; this is an important consideration if firms in certain markets are able to extract some rents from workers and pay wages closer to the reservation wage.

However, Flinn’s mode assumes that there is no uncertainty about productivity, even at the time of hire. In the context of the low wage labor market, in which employers might perceive some risks of hiring inexperienced workers, this assumption is restrictive. I therefore develop a model that maintains the bargaining and minimum wage

aspects of Flinn’s model but incorporates a simple form of uncertainty based on Jovanovic (1979), allowing job matches to be characterized as experience goods. This hybrid model is extended to include wage subsidies for a particular subset of workers.

You might be interested in
Amber is working as a sales associate in a department store. When a few high-priced products are found missing from the store, A
Aleksandr [31]

Answer:

b. Due process has not been followed by the employer.

Explanation:

In the workplace when there is a case that could lead to dismissal, it requires the employer to first of all carry out an investigation to determine what actually happened. The facts could differ from the claims made against her.

She should also be allowed to to explain herself, this could lead to get exonerating herself or disclosing relevant information the employer did not know.

Amber can take legal action against the employer for not following due process in firing her.

8 0
3 years ago
On June 1, 2013 Oakcrest Company signed a three year $110000, note payable with 9% interest. Interest is due on June 1 of each y
seropon [69]

Answer:

$5,775

Explanation:

The computation of the interest payment is shown below:

= Note payable amount × rate of interest × number of months ÷ total number of months in a year

= $110,000 × 9% × 7 months ÷ 12 months

= $5,775

We simply multiplied with the note payable , interest rate, and the given number of months to find out the interest expense

And, the seven months is calculated from June 1, 2013 to December 31, 2013

8 0
3 years ago
Which of the following financial packages has the lowest total cost to the student?
Bezzdna [24]
A. Because grants and scholarships are free money and loans have to be repaid. 25% is the lowest amount of loans
3 0
3 years ago
Read 2 more answers
Which correlation coefficient would you use to look at the correlation between gender and time spent on the phone talking to you
Zolol [24]

Answer:

Answer C

Explanation:

If one of the variables is measured on dichotomous nominal scale, such as gender and other is measured on interval or ratio scale, than we use point biserial correlation coefficient. It will measure our initial hypothesis that there is a connection between the time spent on the phone, talking to your mother with gender. Later, if we would want to conclude how strong is this connection, we would use regression analysis.

8 0
2 years ago
Read 2 more answers
Overbooking is a common practice in the hospitality industry. What are the pros and cons of overbooking? Is overbooking ethical?
Korolek [52]
Pros: Helps hotel to achieve 100% occupancy, Maximize expected venue, Long term revenue and profit increase, low risk method to increase profitability and Compensation are cheaper than leaving a room empty
Cons: loss of hotel reputation, alternative arrangement for guests might be more expensive, may revive negative review online ,

The purposeful and deliberate act of overbooking runs counter to any acceptable standard of ethical business practice. In addition to the practice being ripe with serious legal, contractual and consumer protection violations, overbooking forces hospitality personnel into making conscious immoral and unethical choices.
8 0
2 years ago
Other questions:
  • Every month Sam Tabor is assigned a different job at Russo & Daughters Financial Consulting. Sam enjoys the task variety and
    9·1 answer
  • Explain why cattle would not be good to use as money today
    9·2 answers
  • Courtney is the finance head of a tourism company. Recognizing that the company is hard-pressed financially, she decides to canc
    7·1 answer
  • Ou have 3 credit cards: $990.34 (credit limit: $3,500.00), $2,365.78 (credit limit: $4,600.00), and $5,897.65 (credit limit: $8,
    9·1 answer
  • Suppose that the price of a pizza is $10 and the price of a video game is $30. Currently, Aaron is consuming such that the ratio
    7·1 answer
  • Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. if the price d
    9·1 answer
  • The amount of risk that will remain in a portfolio depends on the degree to which the stocks are exposed to:______
    5·1 answer
  • Select the items that describe a consumer.
    15·2 answers
  • Prices for airline tickets change on average about once per month. This would suggest that airline ticket prices are
    15·1 answer
  • _____ are the materials and resources as they are transformed by an organization's technology component.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!