hw2 - hour worked. Using these two data sets, create a...

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Econ 436 Fall 2011 M. Jones Homework Assignment 2 Due Tuesday, September 20 1. Do these problems on p. 48 of the textbook: 1, 2, 3, 4, 6. ( If you re using the 8 th edition, these problems on are p. 52 .) 2. It is usually claimed in trade textbooks that wages reflect labor productivity. Visit the website http://epp.eurostat.ec.europa.eu/portal/page/portal/eurostat/home/ and s earch for, first, “hourly wage.” Select the data set called “hourly labor costs.” Search then for “productivity,” and select the data set called “labor productivity per
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Unformatted text preview: hour worked. Using these two data sets, create a chart showing productivity and wage for each EU country for the year 2007 (an example is shown below). (Note data is not available for all countries, so you can leave out the ones for which either piece of information is missing.) According to your chart, is there a strong correlation between labor productivity and wage? Are their any anomalies? Example of Chart 5 10 15 20 25 Country A Country B Country C Country Labor productivity and Wage labor productivity wage...
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This note was uploaded on 02/02/2012 for the course ECON 436 taught by Professor Mingmeijones during the Spring '11 term at Binghamton University.

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