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wage equation

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  • Wage-fund doctrine — The Wage Fund Doctrine is an expression that comes from early economic theory that seeks to show that the amount of money a worker earns in wages, paid to them from a fixed amount of funds available to employers each year (capital), is determined …   Wikipedia

  • Heckman correction — The Heckman correction (the two stage method, Heckman s lambda or the Heckit method) is any of a number of related statistical methods developed by James Heckman in 1976 through 1979 which allow the researcher to correct for selection bias.… …   Wikipedia

  • Phillips curve — The Phillips curve is a historical inverse relation between the rate of unemployment and the rate of inflation in an economy. Stated simply, the lower the unemployment in an economy, the higher the rate of increase in wages paid to labor in that… …   Wikipedia

  • Classical theory of growth and stagnation — Classical economics refers to work done by a group of economists in the eighteenth and nineteenth centuries. The theories developed mainly focused on the way market economies functioned. Classical Economics study mainly concentrates on the… …   Wikipedia

  • Dummy variable (statistics) — In statistics and econometrics, particularly in regression analysis, a dummy variable (also known as an indicator variable) is one that takes the values 0 or 1 to indicate the absence or presence of some categorical effect that may be expected to …   Wikipedia

  • Michał Kalecki — Keynesian economics Born 22 June 1899(1899 06 22) Łódź, Poland …   Wikipedia

  • Capital, Volume I — is the first of three volumes in Karl Marx s monumental work, Das Kapital, and the only volume to be published during his lifetime. Originally published in 1867, Marx s aim in Capital, Volume I is to uncover and explain the laws specific to the… …   Wikipedia

  • Okishio's theorem — is a mathematical theorem formulated by Japanese economist Nobuo Okishio. It has had a major impact on debates about Marx s theory of value. Intuitively, it can be understood as saying that if one capitalist raises his profits by introducing a… …   Wikipedia

  • Nobuo Okishio — (置塩 信雄?, January 2, 1927, Hyōgo ku, Kobe – November 13, 2003) was a Japanese Marxian economist and emeritus professor of Kobe University. In 1979, He was elected President of Japan Association of Economics and Econometrics, which is now… …   Wikipedia

  • Econometrics — Economics …   Wikipedia

  • Social Protection — ▪ 2006 Introduction With medical costs skyrocketing and government programs scaled back, citizens bore more responsibility for their health care costs; irregular migration, human trafficking, and migrant smuggling posed challenges for… …   Universalium

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