These discussion questions are based off the topic we are covering this week, "Information and Job Search". They are all centered around the idea of a "reservation wage". Please answer all the questions thoroughly and comment on at least two other people's posts. 1. What is a reservation wage? 2. Would you expect the reservation wage for an unemployed college graduate to be higher or lower than that of an unemployed high school drop out? Why would you expect that? Do government benefits, allowance from parents, or any other non-employment income stream affect their reservation wage?

These discussion questions are based off the topic we are covering this week, "Information and Job Search". They are all centered around the idea of a "reservation wage". Please answer all the questions thoroughly and comment on at least two other people's posts. 1. What is a reservation wage? 2. Would you expect the reservation wage for an unemployed college graduate to be higher or lower than that of an unemployed high school drop out? Why would you expect that? Do government benefits, allowance from parents, or any other non-employment income stream affect their reservation wage?

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter12: The American Labor Force

Section: Chapter Questions

Problem 1AA

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