Labour Economics
Chapter 2: Factors affecting Supply of labour
Use diagrams
Chapter 4&5: wages, unions perfectly competitive markets, imperfect market, bargaining
Be able to compare competitive and imperfect
Chapter 6: productivity
Will not include flexibility
Chapter 7: Globalization
Chapter 8: types, tlfp, pr, unemployment programmes
Chapter 9: criticisms of hct
Chapter 10: inequalities
Structure
3 Questions
1 compulsory, choose 1 of 2
50 marks each
Chapter 2: Factors affecting supply of Labour.
EAP- Economically active population. = total labour Force.
Determinants Of labour Supply * Person’s decision to work and not how many hours to work. * Population Size * Fertility Rates. * Mortality Rates * Net Migration Flows * Quantity and quality
Labour Force Participation Rate:
The Proportion of the population that works or is willing to work. LFPR is the percentage of the population of working age that furnishes their labour for production of economic goods and ser vices whether employed or not.
Female LFPR
Reasons for increasing Female LFP * Rising wage rates due to reduced discrimination * Rising levels of education among women have increased employment opportunities and earnings for women. * Declining Birth Rates * Decreasing proportion of women living with employed men.
Population and Population Growth:
Labour force is related to population Size. Generally, the greater the population size, the greater the size of the labour force.
Population Growth normally affects the labour supply with a lagged effect; the length of the lag is dependent on the reasons for population growth. * Population size is largely determined by age and sex distributions * Population size is also determined by history of fertility, mortality and migration patterns. * A link Exists between the LFP and the population size/growth * Because population size and growth affect labour supply, LFPR is also affected by
Use diagrams
Chapter 4&5: wages, unions perfectly competitive markets, imperfect market, bargaining
Be able to compare competitive and imperfect
Chapter 6: productivity
Will not include flexibility
Chapter 7: Globalization
Chapter 8: types, tlfp, pr, unemployment programmes
Chapter 9: criticisms of hct
Chapter 10: inequalities
Structure
3 Questions
1 compulsory, choose 1 of 2
50 marks each
Chapter 2: Factors affecting supply of Labour.
EAP- Economically active population. = total labour Force.
Determinants Of labour Supply * Person’s decision to work and not how many hours to work. * Population Size * Fertility Rates. * Mortality Rates * Net Migration Flows * Quantity and quality
Labour Force Participation Rate:
The Proportion of the population that works or is willing to work. LFPR is the percentage of the population of working age that furnishes their labour for production of economic goods and ser vices whether employed or not.
Female LFPR
Reasons for increasing Female LFP * Rising wage rates due to reduced discrimination * Rising levels of education among women have increased employment opportunities and earnings for women. * Declining Birth Rates * Decreasing proportion of women living with employed men.
Population and Population Growth:
Labour force is related to population Size. Generally, the greater the population size, the greater the size of the labour force.
Population Growth normally affects the labour supply with a lagged effect; the length of the lag is dependent on the reasons for population growth. * Population size is largely determined by age and sex distributions * Population size is also determined by history of fertility, mortality and migration patterns. * A link Exists between the LFP and the population size/growth * Because population size and growth affect labour supply, LFPR is also affected by