Revision - Labour Market Failure (presentation)
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Here is a revised streamed presentation on market failure in the labour market
There are many ways in which labour markets can malfunction and these market failures have serious economic and social consequences both at a micro and a macroeconomic level.
The presentation briefly covers
Labour immobility
Discrimination
Disincentives
Monopsony power in the labour market
And it flags up some examples of government intervention
Tags: productivity, market failure, monopsony, welfare, labour market, discrimination, poverty trap, disincentives, unemployment trap, immobility of labour
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