Macroeconomics and Urban Labor Markets Paradigms

Dear Colleagues,

Nowadays, the labor market has an essential analytical function in all macroeconomic patterns, shaping the attributes of an economy’s short-term aggregate supply function, and the performance of which is broadly recognized to be contingent on country-specific procedural elements, both in the industrial- and developing-economy settings. By importance, the level of real wage rigidity is a key feature of the operation of labor markets. Additionally, the relevance of explaining market segmentation and the level of wage flexibility for an accurate grasp of the impacts of macroeconomic shocks on unemployment needs a thorough analysis. In this context, the crucial characteristics of the labor market should be properly evaluated for the purpose of assessing the consequences of macroeconomic shocks on wages, hiring, and the unemployment degree in the economy.

The main objective of this Special Issue is to highlight among the most important and actual futures of the paradigm transformations in macroeconomics and urban labor markets as result of market integration and globalization. Additionally, special attention is granted to aspects such as:

• Labor force heterogeneity, wage-setting behavior and productivity;
• Spillover implications across various subdivisions of the labor market, and the conduct of sectoral wages;
• Labor market segmentation and relative wage rigidity as results of macroeconomic policy shocks;
• Spatial confluence of unemployment and poverty in contemporary economies;
• Alterations in labor demand and supply;
• Labor market outcomes and macroeconomic shocks.

Prof. Dr. Popescu H. Gheorghe
Dr.Vasily Erokhin
Dr. Andrei Jean Vasile
Guest Editors

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