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Labour Economics is a bimonthly peer-reviewed academic journal covering labor economics. It was established in 1993 and is the official journal of the European Association of Labour Economists . It is published by Elsevier and the editor-in-chief is Arthur van Soest ( Tilburg University ).
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour. Labour is a commodity that is supplied by labourers , usually in exchange for a wage paid by demanding firms.
The Mincer earnings function is a single-equation model that explains wage income as a function of schooling and experience. It is named after Jacob Mincer. [1] [2] Thomas Lemieux argues it is "one of the most widely used models in empirical economics". The equation has been examined on many datasets.
It covers various aspects of labor economics, including supply and demand of labor services, personnel economics, distribution of income, unions and collective bargaining, and labor markets and demographics. It is an official publication of the Society of Labor Economists. The Journal was first published in January 1983.
Research in Labor Economics (RLE) is a biannual series that publishes peer-reviewed research applying economic theory and econometrics to analyze policy issues. Typical themes of each volume include labor supply, work effort, schooling, on-the-job training, earnings distribution, discrimination, migration, and the effects of government policies.
In economics, search and matching theory is a mathematical framework attempting to describe the formation of mutually beneficial relationships over time. It is closely related to stable matching theory. Search and matching theory has been especially influential in labor economics, where it
The Solow–Swan model or exogenous growth model is an economic model of long-run economic growth. It attempts to explain long-run economic growth by looking at capital accumulation , labor or population growth , and increases in productivity largely driven by technological progress.
The optimization of portfolios is an example of multi-objective optimization in economics. Since the 1970s, economists have modeled dynamic decisions over time using control theory. [14] For example, dynamic search models are used to study labor-market behavior. [15] A crucial distinction is between deterministic and stochastic models. [16]