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The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and...
Persistent link: https://www.econbiz.de/10010427449
Wage Dispersion and Efficiency. It is often assumed that markets generate efficient allocations, but these are not necessarily fair. The widening of wage differentials that is currently observed is interpreted in this manner: Skill-biased technological progress increases demand for skilled work...
Persistent link: https://www.econbiz.de/10010427524
In der Öffentlichkeit wird oft die These vertreten, daß die zunehmende Ungleichheit der Lohneinkommen ökonomisch geboten, wenn auch gesellschaftspolitisch bedenklich sei. In diesem Beitrag wird gezeigt, daß die Lohnbildung in modernen Arbeitsmärkten nicht dem Prinzip der kompensierenden...
Persistent link: https://www.econbiz.de/10010427584
at globalization from 1500, China was increasingly in retreat; during the surge of globalization in the 19th century …, China was an almost insignificant push-toy of the European powers; and in the current situation China may be characterized … highly differential significance of China for these various phases of globalization is an arresting example for my hypothesis …
Persistent link: https://www.econbiz.de/10011374990