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Why Are Some Occupations Paid More than Others? Consumer choice theory and asymmetric information
Purpose of Assignment
The purpose of this assignment is so students may look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market.
We will look at the microeconomic data and other sources for better understanding of trends and determinants of the labor market. The Bureau of Labor Statistics (BLS) website provides public with an easy access to different statistical tools and different types of data presentation.
Select one of the following surveys as a team, from the BLS Current Employment Statistics survey (National):
COPY AND PASTE LINK IN THE WEB BROWSER
Retrieve and save a Microsoft® Excel® file and the graphs to your desktop for analysis. You will have to check the “include graph” box along the top of the page to see the graph, and you will need to copy and paste the graph separately into your Microsoft® Excel® document.
Consider the following two articles, located in the Week 4 Electronic Reserve Readings, discussing actor salaries and hedge fund executives’ average salaries:
“COPY AND PASTE LINK IN THE WEB BROWSER”
Assist on 9- to 12-slide Microsoft® PowerPoint® presentation based on your analysis to share in class.
Include the following content in the presentation:
Cite a minimum of three sources, not including the textbook and required economic data.
Format consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
Trends in the LaborMarketLabor markets are also referred to as job markets. They represent theinteraction of employers and workers in understanding the patterns ofincome, employment, and wages….
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