Midterm - Midterm Labor Economics Econ 4531 - Fall 2010...

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Unformatted text preview: Midterm Labor Economics Econ 4531 - Fall 2010 Instructions: For full credit, graphs must be completely LABELED and math work shown. Be sure to justify your answers clearly and precisely for full credit, even if questions do not explicitly ask for justification. The value of the problems sum to 100 points. Students have 70 minutes to complete the midterm. Name:________________________ 1 1. Answer briefly one of the following questions. (20 points) (a) What are the trends in female labor participation in the US for the last 50 years? Pose two theories to explain these recent trends. (b) What are the impacts of minimum wage on unemployment in France and the US? How do they differ?( Use findings from Cahuc and Zy- berberg to support your answer). 2 2. State whether the following statements are true, false, or uncertain, and explain why (20 points). (a) The indifference curve of a person who is a workaholic will have a steeper slope than the indifference curve of a laid-back person....
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Midterm - Midterm Labor Economics Econ 4531 - Fall 2010...

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