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Labour economics, or labor 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. Because these labourers exist as parts of a social, institutional, or political system, labour economics must also account for social, cultural and political variables.
Industrial relations or employment relations is the multidisciplinary academic field that studies the employment relationship; that is, the complex interrelations between employers and employees, labor/trade unions, employer organizations, and the state.
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by employment laws, organisation or legal contracts.
David Edward Card is a Canadian-American labour economist and the Class of 1950 Professor of Economics at the University of California, Berkeley, where he has been since 1997. He was awarded half of the 2021 Nobel Memorial Prize in Economic Sciences "for his empirical contributions to labour economics", with Joshua Angrist and Guido Imbens jointly awarded the other half.
The IZA - Institute of Labor Economics, until 2016 referred to as the Institute for the Study of Labor (IZA), is a private, independent economic research institute and academic network focused on the analysis of global labor markets and headquartered in Bonn, Germany.
The Labor and Employment Relations Association (LERA), was founded in 1947 as the Industrial Relations Research Association. LERA is an organization for professionals in industrial relations and human resources. Headquartered at the School of Labor and Employment Relations at the University of Illinois at Urbana–Champaign, the organization has more than 3,000 members at the national level and in its local chapters. LERA is a non-profit, non-partisan organization that draws its members from the ranks of academia, management, labor and "neutrals".
Thomas A. Kochan is a professor of industrial relations, work and employment. He is the George Maverick Bunker Professor of Management at the MIT Sloan School of Management, where he has been a faculty member since 1980.
Morris M. Kleiner is an American academic. Kleiner received his M.A. in Labor and Industrial Relations, and Ph.D. in economics from the University of Illinois and his undergraduate degree in economics from Bradley University. He is a professor and the inaugural AFL-CIO chair in labor policy at the Hubert H. Humphrey School of Public Affairs at the University of Minnesota, Minneapolis. From 1974 to 1987 he was an assistant and later full professor at the School of Business at the University of Kansas.
David Neumark is an American economist and a Chancellor's Professor of Economics at the University of California, Irvine, where he also directs the Economic Self-Sufficiency Policy Research Institute.
Global workforce refers to the international labor pool of workers, including those employed by multinational companies and connected through a global system of networking and production, foreign workers, transient migrant workers, remote workers, those in export-oriented employment, contingent workforce or other precarious work. As of 2012, the global labor pool consisted of approximately 3 billion workers, around 200 million unemployed.
Michael S. Bernick is an American lawyer. He served as Director of California's labor department, the Employment Development Department (EDD), from 1999 to 2004. He is a practitioner and theorist of job training and employment strategies. For over 40 years, he has developed job training projects on the state and local level in California and written about strategies for expanding the middle class and achieving fuller employment.
Timothy J. Bartik is an American economist who specializes in regional economics, public finance, urban economics, labor economics, and labor demand policies. He is a senior economist at the W.E. Upjohn Institute for Employment Research in Kalamazoo, Michigan.
Edward Nathan Wolff is an American economist whose work concerns wealth and wealth disparity. He is a professor of economics at New York University and a research associate at the National Bureau of Economic Research. He also works at the Levy Institute Measure of Economic Well-Being a department of the Levy Economics Institute, where he is in charge of their distribution of income and wealth program.
Randall W. Eberts is an American economist who specializes in the public workforce system, public finance, urban economics, labor economics, infrastructure and productivity, and policies promoting student achievement. He was president of the W.E. Upjohn Institute for Employment Research in Kalamazoo, Michigan from 1993 until 2019 and is currently a senior researcher there.
Arne Lindeman Kalleberg is a Kenan Distinguished Professor of Sociology at the University of North Carolina at Chapel Hill and a Faculty Fellow at the Carolina Population Center. He is also an adjunct professor in the Kenan-Flagler Business School, the Department of Public Policy, and the Curriculum in Global Studies. Kalleberg served as the secretary of the American Sociological Association from 2001 to 2004 and as its president from 2007 to 2008. He has been the editor-in-chief of Social Forces, an international journal of social research for over ten years.
Pensions in Denmark consist of both private and public programs, all managed by the Agency for the Modernisation of Public Administration under the Ministry of Finance. Denmark created a multipillar system, consisting of an unfunded social pension scheme, occupational pensions, and voluntary personal pension plans. Denmark's system is a close resemblance to that encouraged by the World Bank in 1994, emphasizing the international importance of establishing multifaceted pension systems based on public old-age benefit plans to cover the basic needs of the elderly. The Danish system employed a flat-rate benefit funded by the government budget and available to all Danish residents. The employment-based contribution plans are negotiated between employers and employees at the individual firm or profession level, and cover individuals by labor market systems. These plans have emerged as a result of the centralized wage agreements and company policies guaranteeing minimum rates of interest. The last pillar of the Danish pension system is income derived from tax-subsidized personal pension plans, established with life insurance companies and banks. Personal pensions are inspired by tax considerations, desirable to people not covered by the occupational scheme.
Julia Ingrid Lane is an economist and economic statistician who works as a professor at New York University's Wagner Graduate School of Public Service, as well as NYU's Center for Urban Science and Progress, helping CUSP to build CUSP data facility. Also, she works in NYU's GovLab as a Provostial Fellow for Innovation Analytics and Senior Fellow.
Dislocated worker funding is typically used to help workers in events of mass employment loss. A dislocated or displaced worker is defined as an individual who has been laid off or received notice of a potential layoff and has very little chance of finding employment in their current occupation when attempting to return to the workforce. Displaced workers are most frequently found in the manufacturing industry. Legislation addressing training for these workers was first introduced in 1959 through the passing of the Area Redevelopment Act of 1959. Over the years, legislation funding these programs has included wording holding states and private businesses accountable for the roles in the dislocation of workers. Due to the importance of this funding and the negative economic impact of displaced workers, the United States has passed continuing legislation as recent as 2014 and 2015.
Louise C. Odencrantz was an American social scientist. She was an empirical labor economist who focused on women’s labor force experience.
Susan N. Houseman is an American economist who is the vice president and director of research at the W. E. Upjohn Institute for Employment Research. She is also a member of the National Bureau of Economic Research Conference on Research on Income and Wealth, chairs the Technical Advisory Committee of the U.S. Bureau of Labor Statistics, and co-directs the Labor Statistics Program at the IZA Institute of Labor Economics.
References
- ↑ Positions held per http://explore.georgetown.edu/people/hjh4/?PageTemplateID=179
- ↑ "Case 1:14-cv-14176-ADB Document 527-1 - Appendix 1" (PDF). admissionscase.harvard.edu. Retrieved 2018-12-30.
- ↑ "Plight Deepens for Black Men, Studies Warn". The New York Times . March 20, 2006.
