Idiosyncrasies of Labour Market

Pillai, K R (2012) Idiosyncrasies of Labour Market. International Journal of Peace and Development Studies, 3 (2). pp. 24-32.

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The present study explores the various attributes of labour market with an extensive literature support. The eculiarities of labour market distinguish it from other conventional markets. Studies have observed that labour market loses its market clearing characteristics due to its opaque nature and uncertain outcomes. With inherent complexities and rigidities it is not possible to attain an equilibrium solution through conventional supply-demand mechanism. The theoretical context of labour market has been has been reviewed for a logical convergence.

Item Type: Article
Uncontrolled Keywords: labour market, labour vulnerability, downsizing, labour market literature, labour market information, labour market process, labour market function, non-competing groups
Subjects: Management > MIM Manipal
Depositing User: MIM User
Date Deposited: 07 Nov 2014 05:40
Last Modified: 07 Nov 2014 05:40

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