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A FIRST LOOK AT LABOR MARKETS
LABOR SUPPLY DECISIONS
EDUCATION AND JOB TRAINING
16 other sections not shown
aggregate demand American Economic Review average benefits blacks changes Chapter collective bargaining compensation countries decisions decline demand curve demand for labor differences differentials discrimination discussed earnings elasticity employed employers employment equal estimates example federal firms greater groups higher wage hiring hourly human capital illegal immigrants important incentive income effect incomes policy indifference curve industries inequality inflation investment Jacob Mincer labor demand Labor Economics labor force participation labor supply layoffs LDCs less lower marginal marginal revenue ment minimum wage negotiations nonunion occupations output percent percentage planned economies plant poverty preferences productivity profits programs real wage reason reduce relative result retirement rise schedule sector seniority shift skills Social Security strike studies substitution effect tion trade unemployed union contract union members United usually wage increase wage level wage rates women workers