Income, Employment and Welfare
An individual’s living standard is not only determined by his or her income; other factors such as property rights and private and public welfare schemes play an important role.
Why is income unevenly distributed?
Are there systematic variations in salaries between men and women and between people of different ethnicities, and, if so, how significant are they?
What is the importance of labour unions and employers’ organisations for wages?
What causes unemployment? How does sick-pay schemes influence sick leave?
Will changes in pension legislation lead people to postpone retirement?