Analysis of the theoretical foundations of the formation of the labor market

Authors

  • A., N. А., Yerezhepova, Sabyr

Keywords:

labor market, labor force, theory of labor value, labor value, unemployment, employment, labor demand, labor supply, theories of labor market.

Abstract

The article analyzes the main theoretical and methodological approaches to the study of the labor market in works of representatives of different economic schools, reveals the features of the existing concepts of the formation of the labor market, it is emphasized that, in general, they complement each other, marked by both continuity and inconsistency. Theoretical models with multiple sectors and segments and empirical analysis using different kinds of data are then reviewed. A brief concluding section addresses some priority research needs. The article discusses the various theories of the labor market: classical, Keynesian, neoclassical. The labor market is seen as a broad and a narrow sense.

References

1 Bailey M. National income and the price level: A study in macroeconomic theory. – N.Y.: McCraw-Hill, 1971. – 278 p.
2 Doeringer P., Piore M. Internal labor market and manpower analysis. – Lexington, 1971.
3 Standing G. Unemployment and labor market flexibility: The United Kingdom. – Geneva, 1986.
4 Veblen T. Teorija prazdnogo klassa. – M.: Progress, 1984. – 367 s.
5 Marks K., Jengel’s F. Kapital. Sobr. soch. – M.: Politizdat, 1954-1981. – T.23. – S. 180.
6 Marshall A. Principy jekonomicheskoj nauki. V 2 t. – M.: Progress, 1993. – T.2. – S. 120.
7 Pavlenkov V.A. Rynok truda. Zanjatost’. Bezrabotica. Uchebnik. – M.: MGU, 2004. – 368 s.
8 Samujel’ son P. Jekonomika. V 2 t. – M.: Nauka, 1997. – T. 2. – 343 s.
9 Fridmen M., Hajek F. O svobode. – Minsk: Polidak- referendum, 1990. – 125 s.
10 Banerjee, Abhijit and Esther Duflo (2007) «The Economic Lives of the Poor» // Journal of Economic Perspectives, 21(1): 141-167.

Downloads