Labor Markets, Unions, and Government Policies

By Everett Johnson Burtt Jr. | Go to book overview

CONTENTS
1 INTRODUCTION1
The Subject Matter of Labor Economics1
Objectives and Methods of Labor Economics5
Organization of Material8
2 THE LABOR FORCE AND ITS COMPOSITION9
Measuring the Labor Force9
Definition of "Labor"9Gainful Workers and the Labor Force11Problems of Measurement13
Labor Force Composition17
Age-Sex Composition17Full-Time and Part-Time Participants20Industrial and Occupational Composition22
3 LABOR FORCE DYNAMICS29
Types of Changes in the Labor Force29
Seasonal Changes29Cyclical Changes31Long-Run Changes33Projections of the Future Labor Force35
Theoretical Concepts 38
Income and Work39Employment Opportunities46
4 LABOR MARKETS: Perfect, Imperfect, and Structured49
The Perfect Market50
The Equilibrium Rate50Characteristics of the Perfect Market51Equalizing Differences53

-ix-

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