2002•Unpublished venueRequires access

The Economics of Labor Markets

Bruce E. Kaufman

Abstract

The Labor Market. Hours of Work. Labor Force Participation. The Demand for Labor in the Short Run Product Demand and Labor Demand: Summary. The Demand for Labor in the Long Run. The Determination of Wages. Education, Training, And Earnings Differentials: The Theory of Human Capital. Occupational Wage Differentials. Discrimination in the Labor Market. Unions and Collective Bargaining: The Institutional Framework. The Process of Union-Management Bargaining. The Economic Impact of Unions. Unemployment. Poverty and the Distribution of Income. The Labor Market and Inflation.

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Key concepts: Economics, Labour economics, Secondary labor market, Unemployment, Split labor market theory, Labor demand, Earnings, Collective bargaining