Talk About Network

Google





Science > Econ Research > Economic value ...
Latest [ Topics | Posts ] Archive Post A New Topic Post a Reply
<< Topic < Post Post 1 of 7 Topic 240 of 284
Post > Topic >>

Economic value of labour

by anonymous <no@[EMAIL PROTECTED] > May 3, 2007 at 08:17 PM

Hi guys!

I have a simple question:

A worker gets paid $x per hour.

Some event (maybe a power failure in his office) stops
him from doing the work for 1 hour.  He still gets paid.

What is the average total economic welfare cost of this event as
a result of the worker being unable to work?

What is the correct way to handle this question?

I assume that to the employer, the work is worth $y (greater
than $x), so the worker loses $y.  If the worker is indifferent
to doing the work, this is not a factor.  But the purchaser
of the employer's product may lose out more than the selling price
if the product is unavailable.

Does the total cost depend on income tax or VAT/GST rates,
or Cor****ation Tax?

I would like to be able to work out the typical total cost of
a delay on the metro, a power failure, or being stopped by the
police for questioning.

This calculation must be routine in economic analyses - but
I'm not sure what to Google(tm) for - I'm not an economist.

Thanks in advance for any advice or pointers!
--
Anon
 




 7 Posts in Topic:
Economic value of labour
anonymous <no@[EMAIL P  2007-05-03 20:17:54 
Re: Economic value of labour
anonymous <no@[EMAIL P  2007-05-03 20:45:31 
Re: Economic value of labour
Frank Palmer <F_L_Palm  2007-05-04 09:19:28 
Re: Economic value of labour
anonymous <no@[EMAIL P  2007-05-04 17:28:07 
Economic value of labour
gunnar.kaestle@[EMAIL PRO  2007-07-17 00:27:23 
Re: Economic value of labour
"lysander@[EMAIL PRO  2007-09-13 11:41:17 
Re: Economic value of labour
landsbur@[EMAIL PROTECTED  2007-09-14 23:34:20 

Post A Reply:
  Go here to Signup

AddThis Feed Button


About - Advertising - Contact - Frequently Asked Questions - Privacy Policy - Terms of Use - Signup

Contact
localhost-V2008-12-19 Wed Jan 7 9:46:30 PST 2009.