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Labor Economics Borjas 7th Edition PDF Form

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Instructions and help about labor economics by george borjas pdf

hello this short little video will be an introduction to labor economics so what is labor economics it's quite simply the study of labor markets looks at work and pay in labor markets we'll look at the behavior of employers and employees how do employers and employees respond to incentives in regards to wages prices and profit one of the big things about labor economics is there are many government policies and regulations that affect labor markets from the minimum wage to trade outsourcing government mandates in terms of compensation packages insurance health insurance and so on why is labor economics special why is it a subfield in economics one is its quantitative importance almost everybody is going to spend some part of their life in the labor market okay renting out their services to firms labor is also in terms of national income it receives roughly 70 percent of the national income generated in the production of goods and services labor is also special because labor is embodie

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