Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/104187
Authors: 
Schlicht, Ekkehart
Year of Publication: 
2006
Series/Report no.: 
Munich Discussion Paper 2006-18
Abstract (Translated): 
The Labor Market and Employment (Handbook article). The labor market differs from typical markets in important ways. We find job competition and collective mechanisms that set wages and working conditions. Changes in employment bring about changes in wages and prices and entail political and monetary responses. The goals of price stability and full employment cannot, usually, be attained simultaneously under the present conditions.
Subjects: 
employment
job competition
stagflation
labor unions
wage setting
Beschäftigung
Qualifikationswettbewerb
Arbeitsplatzwettbewerb
Stagflation
Gewerkschaften
Flächentarifverträge
JEL: 
E12
E61
J12
J38
J50
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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