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The Economic Approach to the Study of Labour
THE DEMAND FOR LABOUR
Education and Occupation
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aggregate demand amount argued assumed assumption average benefits Canadian ceteris paribus Chapter competitive contract decrease demand curve demand for labour determine discrimination earnings economists employed employers equal Equation example expected female Figure firm firm's frictional unemployment groups higher hire housework human capital hypothesis immigrants income effect increase indifference curve individual's individuals industries investment isocost Journal Labor Economics labour force labour market labour supply less level of unemployment males marginal cost marginal revenue product maximize measure ment minimum wage monopsony MRPL natural rate negative income tax number of hours number of workers obtain occupations offer output participation rates percent percentage Phillips Curve predicted profit real wages reduce relative result scheme sector slope Statistics Canada substitution effect suggests supply curve supra note Table theory unemployed unemployment rate union utility variables wage differential wage elasticity wage rate wage ray women