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Chapter 5

Chapter 5. Frictions in the Labor Market. Figure 5.1: The Supply of Labor to Firm A: Worker Mobility Costs Increase the Slope of the Labor Supply Curve Facing Individual Employers. Table 5.1: Labor Supply Schedule for a Hypothetical Firm Operating in a Monopsonistic Market.

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Chapter 5

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  1. Chapter 5 Frictions in the Labor Market

  2. Figure 5.1: The Supply of Labor to Firm A: Worker Mobility Costs Increase the Slope of the Labor Supply Curve Facing Individual Employers

  3. Table 5.1: Labor Supply Schedule for a Hypothetical Firm Operating in a Monopsonistic Market

  4. Figure 5.2: A Graph of the Firm-Level Data in Table 5.1

  5. Figure 5.3: Profit-Maximizing Employment and Wage Levels in a Firm Facing a Monopsonistic Labor Market

  6. Figure 5.4: The Monopsonistic Firm’s Short-Run Response to a Leftward Shift in Labor Supply: Employment Falls and Wage Increase

  7. Figure 5.5: Minimum-Wage Effects under Monopsonistic Conditions: Both Wages and Employment Can Increase in the Short Run

  8. Table 5.2: Hours Devoted by Firms to Training a New Worker during First Three Months on Job, 1992

  9. Table 5.3: Employee Benefits as a Percentage of Total Compensation, 2006 (Average Hourly Cost in Parentheses)

  10. Figure 5.6: The Predicted Relationship between MEM/MEH and Overtime Hours

  11. Figure 5.7: Productivity and Wage Growth, First Two Years on Job, by Occupation and Initial Hours of Employer Training

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