Distinctions between old labor economics and new labor


1. Discuss the contributions of the competing and dominant school of thought to evolution of labor economics;mention the paradigm differences and the distinctions between old labor economics and new labor economics.

2. a. Discuss in brief the following labor market models:

i. Wage competition model

ii. Internal labor markets

b. what do we mean by labor market outcomes and labor market processes?

c. What are the unique features of the labor market?

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Macroeconomics: Distinctions between old labor economics and new labor
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