Chapter 2. Labor Demand
- Joyce P. Jacobsen,
- Gilbert L. Skillman
Published Online: 14 JAN 2008
DOI: 10.1002/9780470755587.ch3
Copyright © 2004 by Joyce P. Jacobsen and Gilbert L. Skillman
Book Title
Labor Markets and Employment Relationships: A Comprehensive Approach
Additional Information
How to Cite
Jacobsen, J. P. and Skillman, G. L. (eds) (2008) Labor Demand, in Labor Markets and Employment Relationships: A Comprehensive Approach, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470755587.ch3
Publication History
- Published Online: 14 JAN 2008
- Published Print: 1 JAN 2004
ISBN Information
Print ISBN: 9780631208365
Online ISBN: 9780470755587
- Summary
- Chapter
- References
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