Labor Economics
7th Edition
ISBN: 9780078021886
Author: George J Borjas
Publisher: McGraw-Hill Education
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Chapter 1, Problem 1RQ
To determine
Explain
Expert Solution & Answer
Explanation of Solution
Labor economics is a branch of economics, which studies how the labor market works. That is, the labor economics explores the dynamics of labor markets. The main topics that are addressed by the labor economics are listed below:
- The determination of the income distribution.
- The economic impact of employers.
- The allocation of worker’s time to the labor market.
- Business hiring and firing decisions.
- The discrimination in the labor market.
- The determinants of
unemployment . - The employees’ decision to invest in human capital.
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Chapter 1 Solutions
Labor Economics
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