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The Economics of Labor

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The branch of economics concerned with the allocation of resources in the labor market addresses some of the most difficult issues facing governments and policy-makers at the beginning of the twenty-first century. The range of dizzying questions it seeks to answer include:

  • what is the impact of immigration on the wage and employment opportunities of native-born workers?
  • are government subsidies of investments in human capital an effective way to improve the economic well-being of di...