Comprehensive overview of Active Labor Market Policies (ALMPs) which are designed to assist the unemployed in securing employment through various programs and interventions.
A comprehensive look at the Age-Earnings Profile, exploring the relationship between age and average earnings, key factors, historical context, types, and practical implications.
Classical Unemployment refers to the situation where wages being too high relative to productivity result in firms being unable to employ all available labour profitably. This can be mitigated by policies aimed at wage reduction or productivity improvements.
A detailed examination of cyclical unemployment, its causes, effects, and implications within the context of the business cycle.
Unemployment resulting from changes in the composition of the labor force. Understanding demographic unemployment is essential for analyzing labor market dynamics and developing effective policies.
A detailed examination of dependency culture, its causes, historical context, implications, and possible solutions to mitigate its effects.
An extensive examination of the concept of a discouraged worker, encompassing historical context, key definitions, and implications for the labor market.
Explore the concept of disguised unemployment, where workers are not fully utilizing their skills, and understand its implications on the economy and labor market.
A comprehensive overview of the Economically Active Population, including its definition, historical context, key events, detailed explanations, importance, applicability, and related terms.
A body representing employers in a sector of the economy, engaging in collective bargaining, lobbying government, and addressing various workplace issues.
Explore the various facets of employment, including its historical context, types, key events, mathematical models, and more.
Employment Insurance encompasses various forms of financial support provided to unemployed individuals. This article covers its history, types, key events, detailed explanations, mathematical models, and its importance and applicability.
Understanding the wage differential necessary to compensate workers for non-pecuniary job disadvantages such as danger, dirt, discomfort, an inaccessible workplace, low social regard, or unsocial hours.
An in-depth look at factor markets, encompassing labor, capital, raw materials, and their significance in economic structures. Discover the organizational forms, key events, mathematical models, and real-world examples of factor markets.
A comprehensive exploration of factor mobility, detailing the ease with which productive resources such as labor, capital, and land can reallocate across sectors and countries. Examine the historical context, key events, models, charts, importance, and real-world applications.
An exploration of the flexicurity policy approach, which aims to harmonize labor market flexibility with social security to benefit both workers and businesses in a dynamic economic environment.
The Gender Pay Gap represents the average difference in pay between men and women. This article delves into its historical context, key events, importance, and implications across various sectors.
Geographic Mobility refers to the ease with which workers can relocate to different geographical areas for employment opportunities. It encompasses internal and international migration driven by employment prospects, economic conditions, and personal preferences.
An exploration of the hard-core unemployed, including definitions, historical context, causes, impacts, and potential solutions.
A comprehensive guide to understanding hidden unemployment, its impact on the economy, and why it often goes unrecorded in official statistics.
Hidden Unemployment refers to the unemployment of potential workers that is not captured in official unemployment statistics. It includes those who have abandoned their job search, taken early retirement, or registered out of work for medical reasons.
Human capital refers to the skills, knowledge, and experience possessed by an individual, viewed in terms of their value or cost to an organization. The concept was popularized by Gary Becker in the 1960s to explain wage variations and labor market dynamics.
Understanding the Informal Sector, its characteristics, impacts, and significance.
An exploration of involuntary unemployment, examining its causes, historical context, key theories, implications, and related economic concepts.
Detailed overview of paid employment, types, historical context, and modern implications.
An in-depth exploration of job displacement, examining its definition, causes, effects, and contextual factors such as economic downturns and technological changes.
Job Mobility refers to the movement of employees within the same occupation or position across different employers. It encompasses factors such as career progression, economic influence, and quality of life.
An in-depth exploration of the job search process, its historical context, types, key events, and importance in the labor market. This entry covers detailed explanations, models, examples, related terms, and much more.
Detailed explanation and insights about job vacancies, their types, importance, and how they impact the labor market.
A comprehensive guide on Job Vacancies, including historical context, types, key events, explanations, models, and importance.
Detailed Explanation of Jobless Claims, Their Significance in the Economy, and How They Are Measured.
An in-depth exploration of labor economics, focusing on the supply and demand in the labor market, and examining employee compensation and employment dynamics.
An in-depth analysis of the Labor Force Participation Rate (LFPR), including its definition, historical context, importance, key events, and applicability.
An in-depth exploration of Labor Market Fluidity, its historical context, types, key events, detailed explanations, and more. Discover why labor market fluidity is crucial for economies and how it affects various sectors.
Labor Market Information (LMI) encompasses data collected and analyzed by State Workforce Agencies (SWAs) to understand employment trends, wages, and occupational demands. This comprehensive article explores the historical context, key categories, events, models, and the importance of LMI in various sectors.
An in-depth look at Labor Market Rigidity, exploring its historical context, types, key events, implications, and more.
Make-Work Jobs: Jobs created solely to provide employment opportunities, without regard to the necessity or productivity of the work involved.
Exploring the concept of mismatch between skills and job vacancies, which explains simultaneous unemployment and unsatisfied labor demand.
Understanding the Natural Rate of Unemployment within Keynesian Economics, including its historical context, types, key events, formulas, importance, applicability, examples, and much more.
An examination of overfull employment in Keynesian economics, its causes, effects, and implications for inflation and economic policy.
Part-time jobs refer to secondary employment arrangements that typically involve fewer working hours than full-time employment. These jobs offer flexibility and can be ideal for students, parents, and those seeking additional income.
An in-depth exploration of part-time work, its historical context, categories, key events, importance, applicability, and more.
The participation rate measures the percentage of a given age group that is economically active, encompassing employees, the self-employed, and unemployed individuals. It varies by age and other factors.
An in-depth look into pecuniary externalities, their mechanisms, historical context, and implications in economic theory.
Precarious Employment refers to jobs that provide minimal job security, benefits, and are often part-time or temporary. Learn about its types, implications, historical context, and applicability.
The prevailing wage is the average wage paid to workers employed in similar occupations within a specific geographic area. This concept is central to labor economics, government contracts, and public policy.
An in-depth look into quits, the termination of employment initiated by either employees or employers, along with historical context, types, and key events.
A detailed exploration of the concept of registered unemployed, its differences from labor force survey-based unemployment, historical context, importance, and related considerations.
The reservation wage is the minimum wage that a worker engaged in a job search is willing to accept. A worker will not accept an offer if the wage is below their reservation wage. It is determined by various factors including current wage, unemployment benefits, and future wage expectations.
Understanding residual unemployment, which encompasses individuals unwilling or unable to work even when the economy is at full employment.
Exploring the differences between salaries and wages, including definitions, historical context, key events, detailed explanations, and practical examples.
Search unemployment occurs while an unemployed worker searches the job market for an acceptable job offer, influenced by reservation wages and minimum job specifications.
A seasonal worker is an individual whose employment is predominantly available during specific periods of the year due to seasons, weather conditions, or holiday demands. Examples include agricultural harvest workers or retail staff during holiday seasons.
Exploring the concept of skill gaps, their impact on businesses and economies, strategies to address them, and future trends.
Understanding technological unemployment, its causes, implications, and effects on the labor market due to advancements in technology and changes in methods of production.
Exploration of Transfer Earnings, their role in economics, and their distinction from economic rent.
An in-depth look at the transient workforce, its historical context, types, key events, mathematical models, and its importance in today's economy.
A comprehensive examination of transitional unemployment, its causes, and its impacts during significant economic changes.
Underutilization encompasses both underemployment and the suboptimal use of capital or resources. This entry explores its definition, types, implications, historical context, and related terms.
A comprehensive examination of the concept of unemployment, including historical context, types, key events, explanations, and applications.
A thorough exploration of unemployment, its types, causes, effects, and measurement methods, including historical context and key events, with practical examples and considerations.
Unemployment benefits are financial support provided by the government to eligible individuals who are unemployed and actively seeking work.
Union Density refers to the percentage of workers in a specific industry or region who are union members. It provides valuable insights into the level of unionization within the workforce.
Unskilled work refers to employment that doesn't require formal education or specialized training and typically offers lower wages.
Voluntary unemployment refers to the deliberate choice by an individual to remain unemployed. This can be due to various personal reasons, including not wanting to work temporarily or seeking better job opportunities.
Wage Compression refers to the reduction in the disparity between the wages of higher-paid and lower-paid employees, often a result of company policies, labor market factors, or economic conditions.
Explore the concept of wage differential, its causes, types, key factors, importance, and real-world applications. Delve into the historical context, mathematical models, and regulatory aspects of wage disparities in various sectors.
A comprehensive analysis of the Wage Elasticity of Labor Supply, including historical context, key concepts, mathematical models, examples, and real-world applications.
An in-depth examination of wage flexibility, its historical context, types, importance, and applicability in modern economies.
A comprehensive analysis of wage freezes, their historical context, types, key events, effects, considerations, and related terminology.
Wage Inflation is the general rise in the wage level within an economy over a period of time, often influencing costs, purchasing power, and economic stability.
Wage Rigidity encompasses the resistance of wages to adjust downwardly or upwardly in response to changes in the labor market, including both nominal and real wage stickiness.
An in-depth exploration of Wage-Push Inflation, covering its historical context, types, key events, detailed explanations, models, charts, and its impact on economies.
A comprehensive examination of the term 'Workforce,' encompassing its definition, significance, types, relevance in economics, comparisons, and historical context.
Graph illustrating the thesis that as wages increase, people will substitute leisure for working. Eventually, wages can get so high that if they increase, less labor will be offered in the market.
The Bureau of Labor Statistics (BLS) is the principal U.S. federal agency responsible for measuring labor market activity, working conditions, and price changes in the economy. It collects, analyzes, and disseminates essential economic information to support public and private decision making.
A detailed explanation of the term 'Casual Laborer', including its definition, types, special considerations, historical context, applicability, and related terms.
A comprehensive guide to cyclical unemployment, its causes, examples, historical context, and its impact on the economy.
Derived demand refers to the demand for capital goods and labor, which arises from the demand for finished goods. This concept is crucial in understanding market dynamics and production decisions.
A comprehensive analysis of disguised unemployment, its types, implications, and measures.
Understanding Frictional Unemployment, its causes, examples, and impact. An in-depth analysis of this necessary and unavoidable type of unemployment that arises from people changing jobs, moving, and rearranging their economic activity.
A comprehensive exploration of Full Employment, an economic condition where all available labor resources are being used in the most efficient way possible.
A comprehensive overview of guest workers, individuals brought in from other countries to address labor shortages within a nation, including their types, roles, historical context, and related concepts.
Comprehensive guide on hard-core unemployed individuals, their challenges, socio-economic impacts, and potential solutions.
An in-depth look into the life and role of itinerant workers who move continuously from job to job, often in agriculture.
A comprehensive overview of the concept of labor, its types, historical context, applications, and relevance in economics and society.
An in-depth exploration of the Labor Force Participation Rate, its significance, calculations, historical context, and related economic metrics.
An in-depth exploration of labor mobility, including its types, impacts, historical context, and related terms.
The Labor Pool is a source of trained personnel from which prospective workers can be recruited, such as college graduates from business schools who serve as an attractive labor pool for recruiting management trainees.
A detailed analysis of the Lump of Labor Hypothesis, a fallacious economic assertion suggesting that total amount of work is fixed, thus implying that increases in worker productivity reduce jobs.
A detailed explanation of migrant workers, their roles, significance, and historical context.
Seasonal Unemployment refers to the joblessness that occurs in certain industries during off-peak seasons. It typically affects sectors such as tourism, agriculture, and retail, where employment needs fluctuate with the seasons.
A comprehensive guide on Skill Obsolescence, exploring how trades, occupations, and skills become redundant due to advancements in technology and automation.
The concept of steel-collar workers refers to the use of robots as employees on production lines, symbolizing the replacement of traditional blue-collar workers.
An in-depth analysis of structural unemployment, its causes, effects, and distinctions from other types of unemployment.
Unemployment caused by advances in technology, altering job requirements and making certain skills obsolete.
A comprehensive exploration of the concept of underemployment, its types, effects, and implications across various sectors.
An overview of underpay situations where individuals receive wages less than their job's market or perceived worth.
Understanding the term 'unemployable,' which refers to individuals who are not employable due to a lack of skills, education, and experience, and tend to be chronically unemployed.
An in-depth look into the unemployed labor force, including definitions, types, historical context, examples, and implications.
