The Care Economy encompasses all caregiving activities, both paid and unpaid, that contribute to the economic system. This article delves into its historical context, types, importance, key events, models, and applicability.
The intensive margin refers to changes in the degree to which existing activities are undertaken, such as adjusting work hours or production levels within the current framework.
A segmented market is characterized by restricted contact between different customers or suppliers, enabling price discrimination and different levels of service. This concept also applies to labor markets and is subject to anti-discrimination laws in many countries.
An in-depth exploration of signalling, where actions are taken not for their direct results but to convey information to others, particularly in economics, labor markets, and finance. Understand the historical context, mechanisms, types, key events, models, and practical applications of signalling.
An Economic Argument by David Ricardo asserting that wages naturally gravitate towards the subsistence level of workers.
An in-depth exploration of the Sticky Wage Theory, its significance in economics, and its impact on labor markets and economic performance.
Explore the concept of wage push inflation, its underlying causes, real-world examples, historical context, and its impact on the economy. Gain a comprehensive understanding of this key economic phenomenon.
