Revision: Labour Market Failure

Monday, April 21, 2008
by Geoff Riley

Markets fail when they do not reach an efficient and/or equitable outcome from society’s point of view. At AS level, you will have studied many examples of possible market failure ranging from the provision of public and merit goods through to externalities and the welfare consequences of monopoly power in markets.  At A2 level, you are asked to explore some issues relating to labour market failure. This revision note flags up a few of them:

Revision note:
Revision_Labour_Market_Failure.pdf

Posted to A2 Micro • Labour Market • Market Failure
Tags: externalities, labour market, minimum wage, low pay, welfare, poverty, monopsony, inequality, immobility, discrimination
Print Digg it Del.icio.us My Yahoo RSS

Comments

Name:

Email:

Location:

URL:

Smileys

Remember my personal information

Notify me of follow-up comments?

Submit the word you see below:


Latest entries

Categories

Monthly Archives

Tags

inflation, recession, confidence, competition, housing, price, prices, demand, dollar, slowdown, credit crunch, property, expectations, china, food, incentives, unemployment, profit, sterling, consumption, supply, euro, usa, environment, trade, gdp, risk, externalities, emissions, debt, mortgage, costs, wealth, economist, investment, globalisation, supermarkets, commodities, exports, deflation, taxes, downturn, environmental, saving, monopsony, productivity, inequality, welfare, economic cycle, employment, retailers, macroeconomics, behavioural economics, oil, copper, economics, climate change, stocks, evaluation, tim harford, pollution, airlines, interest rates, happiness, efficiency, waste, poverty, innovation, manufacturing, management, competitiveness, carbon trading, stagflation, eurozone, price discrimination, imports, migrants, regulation, profits, population, sub-prime, survey, india, crude oil, newsnight, rationality, landfill, uk economy, monetary policy, federal reserve, balance of payments, us economy, economies of scale, lse, aviation, labour market, market failure, agflation, contestable, currencies,

Syndicate