laborexam3s07

laborexam3s07 - BY WRITIN G YOUR PPID HERE, YOU INDICATE...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
BY WRITING YOUR PPID HERE , YOU INDICATE THAT YOU AGREE TO ABIDE BY THE HONOR PLEDGE : ________________________ Labor Economics Final May 7th, 2007 This exam consists of ten short questions ( worth three points apiece ) and five long questions ( worth twelve points each ) , for a total of 90 points. You have 120 minutes to answer all completely and clearly in the space provided. Short Questions 1. Suppose that the population of this country is 100 million. Of these people, 25 million are not working, but only 15 million are considered unemployed. Calculate the labor force participation rate and the unemployment rate . 2. Ned s annual earnings are determined by the function $ Y = $30,000 + $6,000 ! S , where S is the number of years of education he acquires after high school. At an interest rate of 10 % , how much education should he get? 3. In the past, The Swedish government allowed parents to take a combined paternity and maternity leave of two years to take care of children. Because wives often took the full two years from work and husbands took no time off from work, this government changed the policy. Now, spouses must take equal leave for childcare. From the perspective of household production, does this policy make sense? Why or why not?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
4. Explain how to find a stable match in a
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/19/2010 for the course ECON 480 taught by Professor Kinlaw during the Spring '08 term at UNC.

Page1 / 8

laborexam3s07 - BY WRITIN G YOUR PPID HERE, YOU INDICATE...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online