Mobility Of Labour Flashcards
1
Q
Assumptions of perfectly competitive markets
A
Firms profit maximisers
Workers maximise benefits of work
Resources are transferable
2
Q
Geographical mobility
A
How easy it is for a worker to move between different regions and countries to seek new work
3
Q
Occupational mobility
A
How easy it is for a worker to move from one occupation to another
4
Q
Factors which determine geographical mobility
A
Housing market
Transport
Family and social ties
Financial cost
5
Q
To reduce geographical immobility
A
Reforms to the housing market
Specific subsidies
6
Q
To reduce occupational immobility
A
Skills/education
Investment to training
Subsidise training
Minimum wage
Reduce labour market regulations
