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labour economics
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functioning and dynamics of the markets for labour
Labour economics is the study of how labour markets work—examining things like wages, employment, job creation, and the interactions between workers and employers. It matters because understanding these dynamics helps explain why some people earn more than others, how jobs are created or lost, and what policies might improve employment and worker well-being.
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Wikidata facts
- Instance of
- academic discipline
- Subclass of
- economics
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- is the study of
- work
- topic's main category
- Category:Labour economics
- Commons category
- Work
- significant person
- Alan B. Krueger
- on focus list of Wikimedia project
- Wikipedia:Vital articles/Level/4
- facet of
- economic theory
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Encyclopedic overview
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Labour economics is the subfield of economics concerned with the study of labour as an input to economic production. Broadly, it surveys labor markets and the economic decisions of agents (i.e., workers and employers) participating in such markets.
Excerpted from Wikipedia’s “labour economics” article, available under the CC BY-SA 4.0 licence.