Labor Market Transparency
Eskil Wadensjö
No 7658, IZA Discussion Papers from Institute of Labor Economics (IZA)
Abstract:
The labor market differs from other markets in many respects. Most important is that those who supply labor also have to deliver it in person. It means firstly that the work environment and organization of work are important for those who deliver labor, since they are in the work place. Secondly, the result of a person's work varies with the price of labor (remuneration) and how the work is organized. Thirdly, the definition of work or a job for an employed person is not fixed but dependent on the person. The paper firstly deals with economic models of labor supply, labor demand, labor remuneration and labor market information. The subsequent sections discuss complications regarding labor market transparency in the context of international migration and public policy and policy implications regarding labor market transparency. A final section concludes.
Keywords: labor demand; labor supply; wages; international migration; transparency in the labor market; labor market information (search for similar items in EconPapers)
JEL-codes: F22 J22 J23 J30 (search for similar items in EconPapers)
Pages: 20 pages
Date: 2013-09
New Economics Papers: this item is included in nep-lab
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Citations:
Published - published in: Jens Forssbaeck and Lars Oxelheim (eds.), The Oxford Handbook of Economic and Institutional Transparency, New York: Oxford University Press, 2015
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