On the efficiency of labor markets

Joop Hartog

doi:10.1007/BF02380332

On the efficiency of labor markets

Joop Hartog

Research output: Contribution to journal › Article › peer-review

Abstract

Important changes in labor market parameters and a growing awareness of the cost of equity-promoting policies have led to increased interest in the efficiency of labor markets. This paper uses the orthodox result in the case of perfect competition to survey efficiency aspects of deviating assumptions: collective negotiations, imperfect information, risk and dynamics associated with education and technology. Perfect competition is found an inadequate standard, as many 'imperfect' market modifications enhance efficiency.

Original language	English
Pages (from-to)	279-299
Number of pages	21
Journal	De Economist
Volume	132
Issue number	3
DOIs	https://doi.org/10.1007/BF02380332
Publication status	Published - Sept 1984
Externally published	Yes

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth

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10.1007/BF02380332

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On the efficiency of labor markets

Abstract

UN SDGs

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