Occupational wage and employment distribution: an analytical framework
IIMV/Arbeitsmarktpolitik - Labor supply - 43 pages
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adjustment costs adjustment mechanism analysis assumption behaviour CATHERWOOD LIBRARY coefficients comparative static current excess demands demand for labour demand functions demand side desired demand desired stock desired supply deviations discussed Dual labour market econometric effects employment distribution employment protection legislation endogenous entrants equations 28 equilibrium estimation exert exogenous factor supplies factors of production firms fixed costs flow adjustments hiring standards hypothesis implicit contract implies incomes policies incorporates increase infinitely elastic influence input stocks institutionalist interdependence internal labour markets labour by skill labour force labour inputs labour market policies labour market theory neoclassical non-market clearing occupational wage Phillips curve quantities rational expectations Reder's reduce reflect relative supplies relevant rewards segmented labour market short-run desired skill differential SLM theory stock adjustments stock and flow stocks and utilisation substitution supply curves supply side tion transactions costs unskilled workers utilisation rates wage and employment wage change wage determination wage flexibility