Labor Economics: Choice in Labor MarketsTextbook on labour economics - covers labour demand and labour supply, wage differentials in market economies, and in relation to employment factors and imperfect competition, macroeconomics of labour markets (unemployment, inflation), etc. Illustrations and references. |
Contents
Introduction to Labor Economics | 1 |
LABOR DEMAND | 15 |
The Basic Model | 33 |
Copyright | |
13 other sections not shown
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Common terms and phrases
adjustment aggregate demand analysis benefits blacks ceteris paribus Chapter collective bargaining college graduates combination commodities curve for labor demand curve demand for labor discrimination discussion earnings economists effect elastic employed employers equal equilibrium wage existing factors Figure firm Gini coefficient growth household human capital increase indifference curve individual inputs investment labor demanded labor economics labor force participation labor market labor supply less long-run equilibrium Lorenz curve lower marginal cost marginal productivity marginal utility market wage minimum wage monopolist monopoly monopsony natural rate neoclassical neoclassical economics nonmarket nonwage aspects output percent perfect competition private sector product price public sector purely competitive quantity of labor rate of return relative wage result rise short run skills substitution supply curve supply of labor theory tion total utility unem unemployed unemployment rate union membership unit of labor W₁ wage levels wage rate wage ratio wages and employment workers