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Arbeitsmarkt und Beschäftigung

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Author Info
Schlicht, Ekkehart

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Abstract

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 monetary responses. The goals of price stability and full employment cannot, usually, be attained simultaneously under the present conditions.

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File URL: http://epub.ub.uni-muenchen.de/959/1/schlicht_arbeitsmarkt_DP.pdf
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Publisher Info
Paper provided by University of Munich, Department of Economics in its series Discussion Papers in Economics with number 959.

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Date of creation: Jul 2006
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Handle: RePEc:lmu:muenec:959

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Related research
Keywords: employment; job competition; stagflation; labor unions; wage setting;

Find related papers by JEL classification:
E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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