Show that the competitive labor market compensates workers for the probability that they will be laid off.

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Labor Economics

ISBN: 9781260565522

8th Edition

Authors: George Borjas

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Question Posted: Apr 27, 2024 11:03 PM

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Show that the competitive labor market compensates workers for the probability that they will be laid off.

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In a competitive labor market workers are compensated for the probability of being laid off through the mechanism of wages The wage rate reflects not ...View the full answer

Labor Economics

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