The government reduces the cost of sending children to daycare centers. What happens to the labor...
The government reduces the cost of sending children to daycare centers. What happens to the labor force participation rate?
Homework Answers
Labour force includes the person who are employed as well as unemployed
Employed persons are those persons which actively participate in the workforce and contribute in the economy
Unemployed people are those people which do not currently the workforce but but are actively looking for the work for the last four weeks
Now when the government reduces the cost of sending children to day care centres it means there is a reduction in the government spending
Due to this phenomenon there is also a decrease in the employment
The overall impact is that the labour force participation rate will fall
It is calculated by the percentage of ratio of total labour force to the working age population
Answer is decrease in the labour force participation rate
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The government reduces the cost of sending children to daycare
centers. What happens to the labor...
1. The government reduces the cost of sending children to daycare centers. What happens to the...
1. The government reduces the cost of sending children to daycare centers. What happens to the labor force participation rate? 2. Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $9,000 in 2012. If the price index was 190 in 2004 and 230 in 2012, convert the 2004 tuition in 2012 dollars.
1. The government decreases the amount of unemployment benefits received by the unemployed. Which type of...
1. The government decreases the amount of unemployment benefits received by the unemployed. Which type of unemployment will this policy decrease? 2. The government reduces the cost of sending children to daycare centers. What happens to the labor force participation rate? 3. Assume tuition and fees at North Carolina State University cost $5,000 in 2004 and $9,000 in 2012. If the price index was 190 in 2004 and 230 in 2012, convert the 2004 tuition in 2012 dollars.
Refer to the scenario to answer questions A and B A government worker surveys a number...
Refer to the scenario to answer questions A and B A government worker surveys a number of households and comes up with the following information: 15 of the people were children under 16, 12 of the people were retired but still capable of working, 38 people had full-time jobs, 5 had part-time jobs, 8 were stay-at-home parents, 10 were full-time students over the age of 16, 15 were disabled people who could not work, 10 people had no job but...
what is the effectiveness of hand hygiene compliance in child daycare centers?
what is the effectiveness of hand hygiene compliance in child daycare centers?
Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios...
Indicate what happens to the unemployment rate and the labor-force participation rate in each of the following scenarios. Scenario Effect On... Unemployment Rate Labor-Force Participation Rate Raphael, a full-time college student, graduates and is immediately employed. Susan quits her job to become a stay-at-home mom. Alex has a birthday, becomes an adult, and starts working in a restaurant. Clancy, a construction worker, dies in an accident at work.
10. You have a data set that contains information about individuals gender, the number of children they have, their family income, and whether they are in the labor force You estimate the followi...
10. You have a data set that contains information about individuals gender, the number of children they have, their family income, and whether they are in the labor force You estimate the following linear probability model: Plaborforcel po+B1 children +B2 female +B3 (children x semale)+u a.) In terms of the model's parameters, what is the marginal effect of having an additional child on a woman's probability of being in the labor force? What is the marginal effect of having an...
Using the cost-minimization model, show what happens when the cost of labor, the wage rate, declines....
Using the cost-minimization model, show what happens when the cost of labor, the wage rate, declines. Correctly label all parts of the graph and identify the changes in labor demand associated with the income and substitution effects.
We discussed how the opportunity cost of sending children to school affects the level of school...
We discussed how the opportunity cost of sending children to school affects the level of school enrollment across countries. The United Nations Human Development Report 2013 reports the following data for per capita income in 2012 (expressed in 2011 U.S. dollars using purchasing power parity) Per Capita Income in 2012 (2011 PPP $) Canada Denmark Greece Lesotho Ethiopia $40,588 41,524 25,391 2,368 1,218 a. Which country would you expect to have the highest school enrollment rate? The lowest rate? Highest:...
depreciation At the end of 6 years, the equipment for the daycare is expected to have...
depreciation
At the end of 6 years, the equipment for the daycare is
expected to have a value of $12,000 and the building will be worth
$550,000.
Example 6: ComfortCare Assisted Living, Inc. (CC) has a large assisted living and rehabilitation facility in Georgetown, Texas. Many of its employees have children needing daycare and/or after school care. The HR director is proposing that CC establish an onsite subsidized daycare center for dependents of CC employees. While the HR director believes...
Suppose the cost of renting capital increases (shown by an increase in r). a. What happens...
Suppose the cost of renting capital increases (shown by an increase in r). a. What happens to the amount of labor the firm chooses to maximize profits? b. What happens to the equilibrium quantity of labor demanded and the equilibrium wage rate?
Refer to the scenario to answer questions A and B A government worker surveys a number of households and comes up with the following information: 15 of the people were children under 16, 12 of the people were retired but still capable of working, 38 people had full-time jobs, 5 had part-time jobs, 8 were stay-at-home parents, 10 were full-time students over the age of 16, 15 were disabled people who could not work, 10 people had no job but...
10. You have a data set that contains information about individuals gender, the number of children they have, their family income, and whether they are in the labor force You estimate the following linear probability model: Plaborforcel po+B1 children +B2 female +B3 (children x semale)+u a.) In terms of the model's parameters, what is the marginal effect of having an additional child on a woman's probability of being in the labor force? What is the marginal effect of having an...
We discussed how the opportunity cost of sending children to school affects the level of school enrollment across countries. The United Nations Human Development Report 2013 reports the following data for per capita income in 2012 (expressed in 2011 U.S. dollars using purchasing power parity) Per Capita Income in 2012 (2011 PPP $) Canada Denmark Greece Lesotho Ethiopia $40,588 41,524 25,391 2,368 1,218 a. Which country would you expect to have the highest school enrollment rate? The lowest rate? Highest:...
depreciation
At the end of 6 years, the equipment for the daycare is
expected to have a value of $12,000 and the building will be worth
$550,000.
Example 6: ComfortCare Assisted Living, Inc. (CC) has a large assisted living and rehabilitation facility in Georgetown, Texas. Many of its employees have children needing daycare and/or after school care. The HR director is proposing that CC establish an onsite subsidized daycare center for dependents of CC employees. While the HR director believes...
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