Chapter 2. Labor Demand

  1. Joyce P. Jacobsen and
  2. Gilbert L. Skillman

Published Online: 14 JAN 2008

DOI: 10.1002/9780470755587.ch3

Labor Markets and Employment Relationships: A Comprehensive Approach

Labor Markets and Employment Relationships: A Comprehensive Approach

How to Cite

Jacobsen, J. P. and Skillman, G. L. (eds) (2004) Labor Demand, in Labor Markets and Employment Relationships: A Comprehensive Approach, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470755587.ch3

Publication History

  1. Published Online: 14 JAN 2008
  2. Published Print: 1 JAN 2004

ISBN Information

Print ISBN: 9780631208365

Online ISBN: 9780470755587

SEARCH

Keywords:

  • labor demand;
  • market environment;
  • production possibilities;
  • profit maximization;
  • substitutability

Summary

This chapter contains section titled:

  • THE BASIC MODEL OF LABOR DEMAND

  • The firm's market environment

  • The nature and goals of firms

  • The firm's production possibilities

  • Production in the short run

  • Production in the long run

  • Profit maximization conditions

  • IMPLICATIONS OF THE BASIC MODEL

  • The firm's short-run labor demand

  • The firm's long-run labor demand

  • Aggregate short-run and long-run demand curves for labor

  • EXTENSIONS OF THE BASIC MODEL OF LABOR DEMAND

  • Variations in skill and work effort

  • Imperfect substitutability of workers and hours per worker

  • CONCLUSION