Titlebook: Labour Economics; Study in Economics J. E. King Textbook 1972Latest edition Macmillan Publishers Limited 1972 economics.labor economics.lab

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Labour Supply,ng to work each week or year. These decisions, in aggregate, determine the supply of labour to the whole economy; this is a product of the ‘participation rate’ — the proportion of the relevant part of the population in the labour force, i.e. working or seeking work — and hours worked per week or yea

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Wage Differentials,jor defects of the simple marginal productivity approach is that it says very little about differentials in wages between different types of workers in different labour markets. To this problem we now turn.

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farewell

The Functional Distribution of Income,definition of . is unsatisfactory, since land is neither ‘original’ (since it incorporates capital investment) nor indestructible. The difficulties of defining and measuring . are many and well known. Recently it has been realised — or rather rediscovered — that . inputs also involve investment; the

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The Size-Group Distribution of Income,ual incomes, even of employees, may include elements of both wages and property incomes, and the dispersion . each category of income may also be large. We shall ignore the distribution of property incomes — with the significant exception of ‘human capital’ — observing only that this will depend on

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Unemployment,y full employment,. a problem which now appears to be facing Britain too. Unemployment is also seen as a major factor in poverty and income inequality, and its nature and causes are once again far from a dead issue.

地殼

Labour Supply,determining the supply of labour to particular firms. The first and third of these decisions will be discussed in this section; the second is discussed below (Section 4) in the context of occupational wage differentials.

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The Functional Distribution of Income,f the traditional productive factors, giving rise to imputation problems. They also represent a source of a fourth, very troublesome, factor — .. Convenience and common sense suggest, as they have done to most modern statisticians, a simple distinction between labour and property incomes.

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Ardent

Lifting Temporal Proofs through Abstractionsstractions resulting from symmetry reduction, data independence, and predicate abstraction. The two programs are linked by a structural relationship, such as simulation or bisimulation, guaranteeing that if the transformed property holds on the abstract program, the property holds on the original program.