ECO 561 Wk 4 Discussion – Income Distribution and Labor Markets

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ECO 561 Wk 4 Discussion – Income Distribution and Labor Markets
ECO 561 Wk 4 Discussion – Income Distribution and Labor Markets
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ECO 561 Wk 4 Discussion – Income Distribution and Labor Markets

Post a total of 3 substantive responses over 2 separate days for full participation. This includes your initial post and 2 replies to other students.

Due Thursday

Respond to the following in a minimum of 175 words:

  • Discuss at least two self-interested reasons that a top earner might favor policies to redistribute income.

  • Discuss why the supply curve of labor for any specific occupation is likely to be upward-sloping, even if, for the economy as a whole, people work fewer hours when wage rates increase.

Due Monday

Reply to at least 2 of your classmates. Be constructive and professional in your responses.