"Do minimum wages deliver what they promise? Effects of minimum wage on employment, output, and income inequality from occupational choice theory" https://t.co/IltyZHpG1o "the effects are mainly negative… and quantitatively large for high minimum-to-average wage ratios" pic.twitter.com/pIZhHv...
Efficiency wagesare the level of wages paid to workers above the minimum wage to retain a skilled and efficient workforce. Efficiency wage theory posits that an employer must pay its workers highly enough that workers are incentivized to be productive and that highly skilled workers don't quit. ...
strategies in game theory (e.g. your final decision could be a combination of Utilitarian reasoning and Virtue Ethics reasoning). We illustrate this concept more clearly in Fig.2. When we move these concepts over to the world of machine learning, we fall into the interpretability challenges des...
In theory, models that directly estimate the spillover offer possible improvements in methodology and can eliminate the bias. The challenge, as described above, is identifying a “correct” model of spillovers. We illustrate three methods for modeling spillover effects to evaluate the impacts of ...
Economic theory suggests a link between minimum wages and health, as wage increases can impact income (e.g., Grossman, 1972). Higher minimum wages may improve health through a positive income effect, enabling retained low-skilled workers to consume more health-improving products and services, assu...
compare theory and reality (30 lines of Pseudo-code versus 5.5 million lines of code for real problem solving) Classic from nearly 30 years ago:Untraceable off-line cash in wallet with observers Actual operational tech for payments with largest NL retailer - digitale betaalpas ...
theory, and obtained the control input and optimal completion time using an inverse dynamics method. Andreasson et al. [21,22] used the inverse dynamics method to study the vehicle chassis control, the results of which show that the method is effective for dealing with the complex problems of...
Presently, several studies have been conducted using the finite element theory to develop two-dimensional (2D) or three-dimensional (3D) simulation models for soft tissue simulation. Jiang et al. [20] studied the deformation of the flexible needle during puncture and discussed the inser- tion ...
boundary layer theory (Eq. (8), Fig.5e) and previously determined anammox bacterial cell numbers41. The resulting encounter model showed an average of 125 encounters per hour per mL (regardless of size class), which equates to 0.3% of the anammox bacteria population encountering a particle-as...
boundary layer theory (Eq. (8), Fig.5e) and previously determined anammox bacterial cell numbers41. The resulting encounter model showed an average of 125 encounters per hour per mL (regardless of size class), which equates to 0.3% of the anammox bacteria population encountering a particle-as...