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8 Compensating Wage Differentials and Labor Markets
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Figure 8.1 A Family of Indifference Curves between Wages and Risk of Injury
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Figure Representative Indifference Curves for Two Workers Who Differ in Their Aversion to Risk of Injury
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Figure 8.3 A Family of Isoprofit Curves for an Employer
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Figure 8.4 The Zero-Profit Curves of Two Firms
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Figure 8.5 Matching Employers and Employees
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Figure An Offer Curve
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Figure 8.7 The Effects of Government Regulation in a Perfectly Functioning Labor Market
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Figure 8.8 A Worker Accepting Unknown Risk
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Figure 8.9 An Indifference Curve between Wages and Employee Benefits
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Figure An Isoprofit Curve Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: A Unitary Trade-Off
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Figure Alternative Isoprofit Curves Showing the Wage/Benefit Offers a Firm Might Be Willing to Make to Its Employees: Nonunitary Trade-Offs
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Figure 8.12 Market Determination of the Mix of Wages and Benefits
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