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Labour economics, or labor economics, seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers, usually in exchange for a wage paid by demanding firms. [1][2] Because these labourers exist as parts of a social, institutional, or political system, labour economics must ...
Labour Economics is a bimonthly peer-reviewed academic journal covering labor economics. It was established in 1993 and is the official journal of the European Association of Labour Economists. It is published by Elsevier and the editor-in-chief is Arthur van Soest (Tilburg University).
David Edward Card (born 1956) is a Canadian-American [4] labour economist and the Class of 1950 Professor of Economics at the University of California, Berkeley, where he has been since 1997. He was awarded half of the 2021 Nobel Memorial Prize in Economic Sciences "for his empirical contributions to labour economics ", with Joshua Angrist and Guido Imbens jointly awarded the other half. [5][6]
The Theory of Wages is a book by the British economist John Hicks, published in 1932 (2nd ed., 1963). It has been described as a classic microeconomic statement of wage determination in competitive markets. It anticipates a number of developments in distribution and growth theory and remains a standard work in labour economics.
Shapiro–Stiglitz theory. In labour economics, Shapiro–Stiglitz theory of efficiency wages (or Shapiro–Stiglitz efficiency wage model) [1] is an economic theory of wages and unemployment in labour market equilibrium. It provides a technical description of why wages are unlikely to fall and how involuntary unemployment appears.
The Journal of Labor Economics is an academic journal published quarterly by the University of Chicago Press on international research examining issues affecting the economy as well as social and private behavior. It covers various aspects of labor economics, including supply and demand of labor services, personnel economics, distribution of income, unions and collective bargaining, and labor ...
The insider-outsider theory is a theory of labor economics that explains how firm behavior, national welfare, and wage negotiations are affected by a group in a more privileged position. [1] The theory was developed by Assar Lindbeck and Dennis Snower in a series of publications beginning in 1984. [1][2][3] Wages set by insiders [4] The ...
The IZA – Institute of Labor Economics (German: Forschungsinstitut zur Zukunft der Arbeit), until 2016 referred to as the Institute for the Study of Labor (IZA), is a private, independent economic research institute and academic network focused on the analysis of global labor markets and headquartered in Bonn, Germany.