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allocation analysis assumed assumption average behavior cent ceteris paribus coefficient coefficient of variation collective agreement collective bargaining competitive hypothesis consumption correlation costs degrees of fixity demand curve determined discrimination dispersion distribution earnings effect efficiency elasticity empirical employed employers employment equal equation equilibrium estimates expected explain factors factors of production firm function given groups higher human capital implies income effect incomes policy individual industry inflation internal labor markets investment Journal labor economics labor force leisure less long-run male marginal productivity marginal-productivity maximization ment migration minimum wage money wage monopoly neoclassical non-union occupations output perfect competition period Phillips curve positive problem profits ratio reduced region regression relation relative wage result rise sample sector shift short-run skill social specific supply curve theory tion trade union unemployed unemployment rate utility variables variations wage differentials wage increase wage rates wage structure workers X-efficiency X-inefficiency