Theories of the Labour Market and Employment: A Review

Theories of the Labour Market and Employment: A Review
ISBN-10
0906321689
ISBN-13
9780906321683
Category
Business & Economics
Pages
243
Language
English
Published
2013-08-15
Publisher
Industrial Systems Research
Author
Lewis F Abbott

Description

This book reviews theory, research, and methods of analyzing the labour market and employment. Free and flexible labour markets can automatically end both labour surpluses (unemployment) and labour shortages (over-employment). However, in practice various things may impede wage flexibility, freedom of contract, and labour mobility and thus the balancing of supply and demand. Protectionist minimum wage tariff barriers and other obstacles to labour market entry and competition are one major general cause of unemployment. Technological and other business-economic development is a second major general cause while contraction or recession in economies is a third. The book argues that broadly dividing unemployment into obstructional, developmental, and contractional types is more accurate and useful than distinguishing between frictional, structural, and cyclical forms (the conventional economic classification). It also argues that is inadequate to analyze labour markets or explain employment and unemployment in purely economic terms. Even in the most developed, differentiated and autonomous market capitalist economies, external socio-cultural, personality, and physical-organic environmental factors still impinge on labour markets and employment. A general theme of the book is the importance of bringing in empirical data from the real world to support or disprove theories. Contents: 1. THEORIES OF THE LABOUR MARKET & EMPLOYMENT: AN OVERVIEW 2. THE LABOUR MARKET & EMPLOYMENT IN MODERN SOCIETY 3. THE NATURE & CAUSES OF UNEMPLOYMENT 4. THE POLITICAL & LEGAL ENVIRONMENT 5. TRADE UNIONS & WAGE DETERMINATION 6. EDUCATIONAL, FAMILY, & LEISURE INFLUENCES 7. EMPLOYMENT ATTITUDES, MOTIVES, & BEHAVIOUR

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