Observe higher test scores for private
school students than public school students.
Should everyone go to private school?
The Katz-Murphy (1992) formulation
As relative supply increases,
relative wage decreases
Katz-Murphy (1992) estimate
KM model fits well until 1993
Autor, David H., Lawrence Katz and Melissa S. Kearney.
Trends in U.S. Wage Inequality: Revising th
Selection problem resolved by random
Interpretation of Human Capital Earnings Functions "in
The Law of Demand and Three of the Four Hicks-Marshall Laws of Derived Demand
Notes compiled by Peter F. Orazem
September 9, 2010
Show how the long-run elasticity of demand for labor LL, is related to the elasticity of demand
for output, the elasticity of
ENG 111/ ENF 3
16 June 2016
Women in human trafficking
Thesis: Human trafficking has been increasing with the ongoing wars in most parts of the
world. Western countries should accept refuges to av