The approach of ecological economics

Article Abstract:

The prime beliefs embedded in the ecological economics are discussed. Neoclassical welfare economics is used for policy recommendations and it is currently undergoing changes like building realistic models of consumer and firm behaviors. Ecological economics is analyzed as a competitor of neoclassic welfare economics. While ecological economics does not offer answers to all human problems, it still has a lot to offer which cannot be ignored.

Environmental economics, Welfare economics

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Industry-specific human capital and the wage profile: Evidence from Taiwan

Article Abstract:

It has been acknowledged that human capital determines the productivity thus making it an important factor in production as well as growth. Taiwan's manpower utilization survey data was used to investigate the effect of industry-specific human capital on wage profile and it was found that the effect of work experience reduces with education and industry-specific trained human capital increases with education.

Taiwan, Productivity Improvement, Economic aspects, Influence, Labor productivity, Human capital, Labour productivity

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Work-related fatality risks and neoclassical compensating wage differentials

Article Abstract:

Neoclassical theory claims that wage differentials are paid to compensate workers for the risks of work-related injury and death. It is concluded that the neoclassical theory underpinning the econometric literature is deficient and inhibits a realistic understanding of production and distribution of work-related health and safety risks.

Wage gap

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