market-clearing wage
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Market clearing — When markets clear, they are priced so that the entire supply is sold. However, retail stores usually restock goods as they are sold. In economics, market clearing refers to either a simplifying assumption made by the new classical school that… … Wikipedia
Market Failure — An economic term that encompasses a situation where, in any given market, the quantity of a product demanded by consumers does not equate to the quantity supplied by suppliers. This is a direct result of a lack of certain economically ideal… … Investment dictionary
Minimum wage — A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may sell their labour. Although minimum wage laws are in effect in a great many… … Wikipedia
Labour market flexibility — refers to the speed with which labour markets adapt to fluctuations and changes in society, the economy or production.DefinitionIn the past, the most common definition of labour market flexibility was the neo liberal definition. This entailed the … Wikipedia
Minimum wage in Hong Kong — The Legislative Council voted to introduce a minimum wage in Hong Kong in July 2010.[1] The executive branch proposed a minimum wage of HK$28 ( US$3.60) per hour in November 2010, which the Legislative Council voted to accept after much debate in … Wikipedia
Efficiency wages — In labor economics, the efficiency wage hypothesis argues that wages, at least in some markets, are determined by more than simply supply and demand. Specifically, it points to the incentive for managers to pay their employees more than the… … Wikipedia
George Akerlof — Infobox Scientist name = George Akerlof image size = 180px birth date = Birth date and age|1940|6|17|mf=y birth place = New Haven, Connecticut nationality = United States field = Economics work institution = Cal Berkeley alma mater = MIT (Ph.D.)… … Wikipedia
AKERLOF, GEORGE A. — AKERLOF, GEORGE A. (1940– ), U.S. economist, Nobel Prize laureate. Born in New Haven, Connecticut, where his father was a member of the Yale faculty, Akerlof earned his bachelor s degree from Yale University in 1962 and his doctorate from the… … Encyclopedia of Judaism
ЖЕСТКОСТЬ ЗАРАБОТНОЙ ПЛАТЫ — (wage rigidity) Отсутствие гибкости заработной платы, необходимой для приспосабливания к восстановлению рыночного равновесия в краткосрочном плане. Существует несколько причин этого. Восстановление равновесия на рынке труда включает выбор… … Экономический словарь
Böhm-Bawerk, Eugen von — ▪ Austrian economist and statesman in full Eugen, Knight (Ritter) von Böhm von Bawerk born February 12, 1851, Brünn, Moravia, Austrian Empire [now Brno, Czech Republic] died August 27, 1914, Kramsach, Tirol, Austria Hungary [now in Austria]… … Universalium
Unemployment — World unemployment rates[1] as of January 2009[update] Unemployment (or … Wikipedia
