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Full-Text Articles in Social and Behavioral Sciences
Wage Floors And Economic Development, Gary S. Fields
Wage Floors And Economic Development, Gary S. Fields
Gary S Fields
[Excerpt] I shall refer to minimum wages and other wage-increasing institutions collectively as "wage floors." Throughout the paper, they are assumed to be set in real terms, therefore not be eroded by inflation or devaluation. These wage floors typically are sector-specific: unions are stronger in some firms and industries than in others, minimum wage laws apply to some establishments and localities but not to others and are enforced with different degrees of diligence, and so on. As a stylized version of the differential applicability of wage floors, economists from such disparate fields as development economics, labor economics, and international trade …
[Review Of The Book Personnel Economics], Gary S. Fields
[Review Of The Book Personnel Economics], Gary S. Fields
Gary S Fields
[Excerpt] What is personnel economics? Despite its name (non-economists may be put off by the use of the word “personnel,” which was left behind by what is now called human resource management about a quarter century ago), personnel economics deals with issues of fundamental importance in the workplace. As the editors explain in the introduction, “The literature is distinguished from other parts of labour economics primarily by its focus on problems that are central to business.” Thus, personnel economics is economics, it is that part of economics that deals with workplace issues, and it is firmly grounded in labor economics. …
Labor Market, Gary S. Fields
Labor Market, Gary S. Fields
Gary S Fields
[Excerpt] According to textbooks such as Ronald Ehrenberg and Robert Smith’s "Modern Labor Economics" (2005), a "labor market" is the place where labor services are bought and sold. The term "labor" is equated to the term "work", not only manual work but also knowledge work. Sometimes, the place where labor services are bought and sold is a clearly identifiable one such as a construction site or a lawyer’s office. Other times, the place is ill-defined, as for the work of most readers of this article, who are hired in one location and who perform labor services in a number of …