Asked by anonymous
                There are 100 workers in the economy and all must choose to work either a risky or safe job. Worker 1's reservation price for accepting the risky job is $1, worker 2's reservation price is $2, and so on. There are only 10 risky jobs available. What is the equilibrium wage differential between safe and risky jobs. 
            
            
        Answers
                    Answered by
            economyst
            
    If the wage rate for non-risky is w, the wage rate for risky should be w+10.
    
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