Labour Economics

What is Labour Economics

The field of labor economics, sometimes known as labor economics, is concerned with gaining an understanding of the structures and dynamics of the markets for wage labor. Labour is a commodity that is provided by workers, more often than not in exchange for a wage that is paid by businesses that are in need of labour. Due to the fact that these workers are components of a social, institutional, or political system, labor economics must also take into account the social, cultural, and political factors that are present.

How you will benefit

(I) Insights, and validations about the following topics:

Chapter 1: Labour economics

Chapter 2: Minimum wage

Chapter 3: Unemployment

Chapter 4: Full employment

Chapter 5: New Keynesian economics

Chapter 6: Phillips curve

Chapter 7: The General Theory of Employment, Interest and Money

Chapter 8: Efficiency wage

Chapter 9: Marginal revenue productivity theory of wages

Chapter 10: Backward bending supply curve of labour

Chapter 11: Labour supply

Chapter 12: Frisch elasticity of labor supply

Chapter 13: Neoclassical synthesis

Chapter 14: Insider-outsider theory of employment

Chapter 15: AD-AS model

Chapter 16: Involuntary unemployment

Chapter 17: Monopsony

Chapter 18: Rehn-Meidner model

Chapter 19: Factor market

Chapter 20: Implicit contract theory

Chapter 21: Keynes's theory of wages and prices

(II) Answering the public top questions about labour economics.

(III) Real world examples for the usage of labour economics in many fields.

(IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of labour economics. (eBook only).

Who will benefit

Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of labour economics.