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Labour Economics and Labour in the Economy
Institutions in the Labour Market
Methods of Wage and Salary Payment
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activity analysis areas associated average benefits Britain British cent changes Chapter collective bargaining competitive costs demand for labour developed discrimination discussion earnings economic effect elastic employed employers example excess demand expected factors Figure firms frictional frictional unemployment groups growth Hence hiring human capital implies important income effect incomes policy indifference curve individual Industrial Relations inflation influence investments in human involved isoquant labour demand labour economics labour force labour supply less manpower policy marginal product maximise measures ment mobility monopsony non-union occupation organisation output overtime payment perfect competition period Phillips curve population problem profits rate of return reduce relative wages result rise sector short-run skilled social structural unemployment structure supply of labour tend theory tion trade unions unem unemployed units of labour unskilled vacancies wage differentials wage increases wage offer wage rate West Midlands women