International Conferences

Recommended Conferences for labor economics

labor economics

Study of the labor force as an element in the process of production. The labor force comprises of all those who work for gain, whether as employers, employees, or as self-employed, and it includes the unemployed who are seeking work. Labor economics includes the study of the factors affecting the efficiency of the workers, and their deployment in different industries and occupations. In developing models for the study of these factors, this section deals with the labor force of contemporary industrialized economies. The economist cannot study the jobs, capabilities, and earnings of men and women without taking account of social structures, psychology, cultures, and the activities of government. The most important reason for this arises from the peculiar nature of labor as a commodity. The act of hiring of labor, unlike that of engage a machine is necessary but not sufficient for the completion of work.

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This page was last updated on April 24, 2024