(20 points) 3a. Suppose that Harry and Larry are identical twins and identical offers for a higher paying job in Beijing does not Based on a simple model of mobility as a human do this appear to be an unlikely outcome? (5 points) Suppose that Larry is married and Harry is not Use a diagno aty are identical twins with a her paying job in Beijing Harry takes they of mobility as a human capital bulary s e could lead to different me cad to different mobility decisions for Harry and Larry. Be clear in you explanation. (5 points) c. An economic study has found that men who are judged to be ugly have come that are y less than their "average-looking peers with the same as education occupation; those who are considered "handsome" make 5% more than average. Isto evidence of labor market discrimination? Discuss fully. (5 points) 3d. Retirees often have limited incomes but live in homes on which the property liabilities are relatively high; as a result, they often have to sell their homes and more! to smaller, cheaper housing. A town in New York State recently decided to allow senior citizens the option of working for the town, at an implicit wage of S7 per hour, as a way! of paying their property taxes; as a part of this program, the town pledged not to such seniors to jobs performed by regular employees. Assume that the lowest wage paid to any regular employee of the town is Si0, and that the town government seeks to make the most of its resources. Use economic theory to analyze the worth to the town! of the tasks that will be performed by seniors. Is the loss of tax revenues likely to be offset by the labor provided? (5 points) (20 points) 3a. Suppose that Harry and Larry are identical twins and identical offers for a higher paying job in Beijing does not Based on a simple model of mobility as a human do this appear to be an unlikely outcome? (5 points) Suppose that Larry is married and Harry is not Use a diagno aty are identical twins with a her paying job in Beijing Harry takes they of mobility as a human capital bulary s e could lead to different me cad to different mobility decisions for Harry and Larry. Be clear in you explanation. (5 points) c. An economic study has found that men who are judged to be ugly have come that are y less than their "average-looking peers with the same as education occupation; those who are considered "handsome" make 5% more than average. Isto evidence of labor market discrimination? Discuss fully. (5 points) 3d. Retirees often have limited incomes but live in homes on which the property liabilities are relatively high; as a result, they often have to sell their homes and more! to smaller, cheaper housing. A town in New York State recently decided to allow senior citizens the option of working for the town, at an implicit wage of S7 per hour, as a way! of paying their property taxes; as a part of this program, the town pledged not to such seniors to jobs performed by regular employees. Assume that the lowest wage paid to any regular employee of the town is Si0, and that the town government seeks to make the most of its resources. Use economic theory to analyze the worth to the town! of the tasks that will be performed by seniors. Is the loss of tax revenues likely to be offset by the labor provided? (5 points)
