Modern Labour Economics

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Modern Labour Economics

• Chapter 8
• Compensating Wage Differentials and Labour Markets

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Table 8.1 Industry Incidence Rates by Selected
Industry in Canada, 1998
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Figure 8.1 A Family of Indifference Curves
between Wages and Risk of Injury
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Figure 8.2 Representative Indifference Curves
for Two Workers Who Differ in Their Aversion to
Risk of Injury
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Figure 8.3 A Family of Isoprofit Curves for an
Employer
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Figure 8.4 The Zero-Profit Curves of Two Firms
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Figure 8.5 Matching Employers and Employees
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Figure 8.6 An Offer Curve
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Figure 8.7 The Effects of Government Regulation
in a Perfectly Functioning Labour Market
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Figure 8.8 A Worker Accepting Unknown Risk
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Figure 8.9 An Indifference Curve between Wages
and Employee Benefits
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Figure 8.10 An Isoprofit Curve Showing the
Wage/Benefit Offers a Firm Might Be Willing to
Make to Its Employees
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Figure 8.11 Alternative Isoprofit Curves
Showing the Wage/Benefit Offers a Firm Might Be
Willing to Make to Its Employees
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Figure 8.12 Market Determination of the Mix of
Wages and Benefits
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Figure 8A.1 Choice of Hours of Work
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Figure 8A.2 The Choice between H hours with
Certainty and H Hours on Average