TAILIEUCHUNG - Lecture Labour market economics: Chapter 3 - Dwayne Benjamin, Morley Gunderson, Craig Riddell

Chapter 3 - Labour supply and public policy. The main contents of this chapter include all of the following: Labour supply factors, government transfer programs, welfare programs, workers compensation, child-care subsidies,.and other contents. | Chapter Three Labour Supply and Public Policy: Work Incentive Effects of Alternative Income Maintenance Schemes Created by: Erica Morrill, Fanshawe College Chapter 3- © 2002 McGraw-Hill Ryerson Ltd. Chapter Focus Labour Supply Factors Government transfer programs Welfare programs Workers compensation Child-care subsidies Chapter 3- © 2002 McGraw-Hill Ryerson Ltd. Income Maintenance Schemes Designed to supplement low incomes No single program can address the multiple reasons for low income Difficult for policy makers to design the ideal program Chapter 3- © 2002 McGraw-Hill Ryerson Ltd. Universal Programs Administratively simple Everyone receives the same transfer regardless of income Results in raising income and eliminating poverty Expensive Benefits non-poor Chapter 3- © 2002 McGraw-Hill Ryerson Ltd. Perfect Targeting Cheaper method Individuals are given exactly enough of a transfer to reach the poverty line Only those below poverty line would receive transfer .

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• Market economics
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• Lecture Labour market economics
• Labour market
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• Compensating wage differentials
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• Human capital theory
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• Unions growth
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• Nonwage outcomes
• Economic inefficiency
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