Arbeitsmarkt und Beschäftigung

Ekkehart Schlicht

Discussion Papers in Economics from University of Munich, Department of Economics

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.

Keywords: employment; job competition; stagflation; labor unions; wage setting; Beschäftigung; Qualifikationswettbewerb; Arbeitsplatzwettbewerb; Stagflation; Gewerkschaften; Flächentarifverträge (search for similar items in EconPapers)
JEL-codes: E12 E61 J12 J38 J50 (search for similar items in EconPapers)
Date: 2006-07
New Economics Papers: this item is included in nep-mac
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