What people are saying - Write a review
We haven't found any reviews in the usual places.
The Importance of the Labor Market
The Nature of Labor Market Analysis
63 other sections not shown
aggregate demand American Economic Review analysis average bargaining competitive constraint decline demand for labor determined developed earnings effect elasticity employed employer equal equation equilibrium estimates exist expand factor Figure firm full employment given greater growth Hence higher wages human capital hypothesis income increment indifference curve inflation inputs isocost isoquant Jacob Mincer labor cost labor force labor force participation labor market labor supply curve less lower manpower marginal product marginal utility ment money wage occupations occur output participation rates perfect competition period Phillips curve population production function profits programs quantity ratio real wages reduced regions relationship relative result returns to scale rise sector shift skills slope structural unemployment substitution supply curve tend theory unemployed unemployment rate union United utility variable wage changes wage differentials wage increases wage rate wage structure wage-price wages and prices workers zero