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Arbeitsmarkt und Beschäftigung

Author

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  • Schlicht, Ekkehart

Abstract

The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and monetary responses. The goals of price stability and full employment cannot, usually, be attained simultaneously under the present conditions.

Suggested Citation

  • Schlicht, Ekkehart, 2006. "Arbeitsmarkt und Beschäftigung," Discussion Papers in Economics 959, University of Munich, Department of Economics.
    • Handle: RePEc:lmu:muenec:959
    as

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    File URL: https://epub.ub.uni-muenchen.de/959/1/schlicht_arbeitsmarkt_DP.pdf
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    References listed on IDEAS

    as
    1. Schlicht, Ekkehart, 1992. "Wage Generosity," Munich Reprints in Economics 3165, University of Munich, Department of Economics.
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    More about this item

    Keywords

    employment; job competition; stagflation; labor unions; wage setting;
    All these keywords.

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian; Modern Monetary Theory
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • J12 - Labor and Demographic Economics - - Demographic Economics - - - Marriage; Marital Dissolution; Family Structure
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy
    • J50 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining - - - General

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