What is labor in economics?
Labor is work done for wages. Labor economics is the study of the economics surrounding labor. Researchers may study what choices affect the decisions concerning labor.
T. N. Sachdeva has written: 'Economics of labour' -- subject(s): Labor economics, Labor and laboring classes 'Public economics' -- subject(s): Economics 'Economics of labour' -- subject(s): Labor economics 'Economic essays' -- subject(s): Economic policy, Economics, Economic conditions 'Money, employment & fluctuations' -- subject(s): Money, Currency question, Capital
Labor economics is studying the interactions and relationships of employees and employers through the lens of economic analysis. Labor economics looks at the various decisions that employees make in order to be a part of the labor market and work (supply their labor). It also looks at the various decisions that employees make in order to be a part of the labor market and hire (demand labor). These factors include wages, prices, profits, and working…
Lloyd G. Reynolds has written: 'Wages, productivity, and industrialization in Puerto Rico' 'Macroeconomics' 'Labor economics and labor relations' 'TheA merican economy in perspective' -- subject(s): Economics, Economic conditions 'Programmed learning aid for principles of economics' 'Economics' 'Microeconomics' -- subject(s): Microeconomics