Please type a detailed analysis! Thanks so much! Question 5: The following question considers the possibility that employer-provided health insurance reduce:s job mobility -a phenomenon that has bee...
Question 5: The following question considers the possibility that employer-provided health insurance reduce:s job mobility -a phenomenon that has been termed job lock. Job lock prevents workers from transitioning to jobs in which their marginal productivity would be higher than at their current jobs. Consider three workers with the following preferences where Wij is the wage at job j for worker i, Hij is an indicator/dummy variable (i.e., it takes on a value of one or zero) for whether or not employer-provided health insurance (EPHI) is offered to worker i at job j. Assume that there are no employee copayments for the insurance and that the