Economics- wage inequality.
Choose one country, other than the UK, and compare alternative economic theories and models evaluating which one better describes: 1. long-term unemployment; a. Is this a disequilibrium unemployment? b. Is this a demand deficient or cyclical unemployment? c. Is the country seeming to have a ‘natural’ rate of unemployment? d. Is the Marxian analysis of the reserved army relevant to the country’s unemployment? e. Which of the above approach is better describing the country’s unemployment and which policy should be implemented? 2. wage inequality ; a. What is the labour-capital indicator of income inequality of the country? b. Is wage inequality due to supply (Immigration, Education) or demand shifts (International trade, Skilled-biased technological change, Changes in labour market institutions)? c. Who is benefited more with the existence of wage inequality? d. What is the role of unions in wage inequality? 3. racial discrimination ; a. What is the racial inequality level in the country you study? b. To what degree is the racial inequality of the country explained by the human capital theory? c. To what degree is the racial inequality of the country explained by the segmented labour market theory? d. To what degree is the racial inequality of the country explained by the inequality theories? 4. Inward and outward migration . a. What causes immigration in general? b. What is the effect on inward immigration on general wage level, on natives and immigrants in particular? c. How is immigration explained by the Marxian approach? d. What are the effects of unionism on immigration?