Labor Economics: Compensating Wage Differentials

preview_player
Показать описание
This video shows how to find the wage in a dirty job and the compensating wage differential between a dirty job and a clean job. I use the utility function given by U = W^1/2 - X (all workers are assumed to have this utility function), where W is the wage and X is a 0-1 variable indicating whether the job is dirty (1) or clean (0).
Рекомендации по теме