[SOLVED] Labor market current event summary

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[SOLVED] Labor market current event summary
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The assignment requires us to find a current event, and discuss it.

The article should be related to employment/unemployment rate, labor force participation, neoclassical model of leisure and consumption choice, income effect, substitution effect, reservation wage, labor supply elasticity, cash grant, fade-out cash grant. (not all of them need to be included but some of them)

Finding Articles:

Your news article should come from a reputable source (for example, but not limited to: The New York

Times, Wall Street Journal, BBC, The Economist, Sacramento Bee, etc.), and should have been

written/published within 3 weeks of the date you submit the assignment. Some news outlets have free

online access.


Each summary will be 5% of your grade. Grading will be based on:

Summary of the policy or issue:

Briefly describe the policy or issue in the article to someone who is unfamiliar with it. The article must be attached. (5 points)

Relevance to labor economics:

Briefly describe how this article applies to a labor economics topic that we have covered in the course. (5 points)

Theoretical predictions:

Using the material you have learned in the course, discuss the theoretical effects of the policy/issue. Although not required, you can create and reference graphs or figures if helpful.(10 points)


Why might you expect (or not expect) the actual labor market consequences to differ from your theoretical predictions?(10 points)

Clarity of writing, structure, and grammar:

Although this is a short assignment, I expect the summary to be well-written, free of typos, and cohesively address all of the above components.(5 points)


There are many issues that affect the labor market in the news every day. These assignments are a chance for you to explore a topic that is of interest to you. You should find a policy or issue that we have not discussed in detail in class, and is not an example in the textbook. (5 points)

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