December 2012
Economics, Management & Financial Markets;Dec2012, Vol. 7 Issue 4, p559
Academic Journal
Labor, the main production factor traded on the labor market, actually represents the essence of the functioning mechanism of this market. Labor was appreciated by Adam Smith as the unique source of wealth of the nations, and by John Maynard Keynes as the one that produces everything. In the factors of production system, work occupies the first and perhaps the most important place, due to the fact that thanks to it the combination and efficient use of the other factors of production are achieved.


Related Articles

  • LABOR MARKET INFLUENCES ON ENTRY VS. NONENTRY WAGES: EVIDENCE FROM MINNESOTA PUBLIC SCHOOL DISTRICTS. Pierson, David A. // Nebraska Journal of Economics & Business;Spring83, Vol. 22 Issue 2, p33 

    Analyzes whether external labor market factors influence entry wages more than monetary wages. Factors which affect the decision of employers to augment their labor force by recruiting from outside sources; Characterization of public wage structure; Description of the study design.

  • SOURCES OF INTRA-INDUSTRY WAGE DISPERSION: HOW MUCH DO EMPLOYERS MATTER?. Groshen, Erica L. // Quarterly Journal of Economics;Aug91, Vol. 106 Issue 3, p869 

    This article explains clearly that intra-industry establishment wage differentials are a large portion of wage variation that merit continuing research. Occupation and establishment identity alone can explain over 90 percent of wage variation among blue-collar workers. Analysis of variance can...

  • THE RELATIONSHIP BETWEEN FIRM SIZE AND FACTOR PRICE. Bassett, Lowell R.; Borcherding, Thomas E. // Quarterly Journal of Economics;Aug70, Vol. 84 Issue 3, p518 

    This article demonstrates a simple relation between the slope of the firm's expansion path and the direction of change in its minimum average cost output. The effect of factor price change on the optimum firm size is similar to the expansion path. The average cost output is invariant to factor...

  • What makes motherhood so expensive?: The role of social expectations, interdependence, and coordination failure in explaining lower wages of mothers. Self, Sharmistha // Journal of Socio-Economics;Dec2005, Vol. 34 Issue 6, p850 

    Abstract: This paper utilizes expectations imposed by society to explain lower wages of mothers compared to non-mothers in the labor market. Social expectation, interdependence between mothers� labor supply and childcare services, and lack of coordination between employers, employees...

  • A match made in advertising. Young, Simon // AdMedia;Aug2006, Vol. 21 Issue 7, p25 

    The article deals with the increase in salaries in the advertising industry in New Zealand. The labor shortage in the country was believed to be the source of the improvement in wages received by employees in the industry. In this regard, advertisers in the nation are exerting efforts to recruit...

  • Summary table.  // Employment & Earnings;Dec2004, Vol. 51 Issue 12, p7 

    Presents charts and a graph depicting the labor force status and earnings of employees on nonfarm payrolls in the U.S. from 2000 to 2004.

  • ESTABLISHMENT DATA.  // Employment & Earnings;Dec2004, Vol. 51 Issue 12, p52 

    Presents several charts depicting the number of employees on nonfarm payrolls and average hours and earnings of nonsupervisory workers on private nonfarm payrolls by major industry sector in the U.S. from 1964 to 2000.

  • America's Choice: High Skills or Low Wages. Marshall, Ray // Labor Law Journal;Aug91, Vol. 42 Issue 8, p453 

    This article examines whether highly-skilled workforce is more important than the reduction of wages to the U.S. economy. In a 1990 report, the Commission on the Skills of the American Workforce found that relative to six other countries studied, very few U.S. companies have moved to the...

  • Technical report.  // Labour Market Trends;Nov2003, Vol. 111 Issue 11, p575 

    Examines the benefits of excluding bonus payments in the computation of seasonally adjusted Average Earnings Index (AEI) in Great Britain. Reasons why the AEI series excluding bonus payments and arrears of pay might be regarded as seasonal; Effect of bonus payments on AEI; Gap between average...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics