Wages in Labour Market Theories

• Autorzy: Elżbieta Kryńska , Danuta Kopycińska
• Języki publikacji: EN

Abstrakty

EN

Already classical economists took interest in the role of wages and wage formation mechanisms, as well as in their influence on other components of the labour market. This article aims to systematise contemporary approaches to wages as one of the labour market components that have been developed within major economic theories. The systemization will serve as a basis for identifying main interactions between wages and other labour market components, such as labour supply and demand and labour market disequilibrium. The article presents major concepts formulated within neo-classical and Keynesian theories, labour market segmentation theories, efficiency wage theory, rent-sharing and rent-extraction theories, theory of job search, and search-and-matching models. One of the conclusions arising from the discussion is that the evolution of contemporary labour markets is a challenge for researchers seeking wage formation models adequately describing the real-life circumstances.(original abstract)

Słowa kluczowe

EN

Labour market; Labour supply; Labour demand

PL

Rynek pracy; Podaż pracy; Popyt na pracę

• Czasopismo: Folia Oeconomica Stetinensia
• Rocznik: 2015
• Tom: 15
• Numer: nr 2
• Strony: 177--190

Twórcy

autor

Elżbieta Kryńska

• University of Lodz, Poland

autor

Danuta Kopycińska

• University of Szczecin, Poland

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Identyfikatory

DOI

10.1515/foli-2015-0044