Chapter 3. Perfectly Competitive Labor Markets
- Joyce P. Jacobsen,
- Gilbert L. Skillman
Published Online: 14 JAN 2008
DOI: 10.1002/9780470755587.ch4
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) Perfectly Competitive Labor Markets, in Labor Markets and Employment Relationships: A Comprehensive Approach, Blackwell Publishing Ltd, Malden, MA, USA. doi: 10.1002/9780470755587.ch4
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 markets;
- competitive model;
- comparative static analysis;
- government policies;
- market wage differentials
Summary
This chapter contains section titled:
BASIC DEFINITIONS AND ASSUMPTIONS OF THE COMPETITIVE MODEL
EQUILIBRIUM IN A SINGLE LABOR MARKET
Comparative static analysis of labor market outcomes
Welfare analysis of labor market outcomes
Effects of government policies
EQUILIBRIUM ACROSS LABOR MARKETS Equilibrium wage differentials
Government policies and market wage differentials
DO LABOR MARKETS OBEY THE LAWS OF SUPPLY AND DEMAND?
CONCLUSION