scholarly journals The Labor Market: An Overview from an Islamic Perspective

2019 ◽  
Vol 3 (1) ◽  
pp. 24
Author(s):  
Hanifiyah Yuliatul Hijriah ◽  
Elfira Maya Adiba
Keyword(s):  
Labor Market ◽  
Market Power ◽  
Wage Rate ◽  
Wage Labor ◽  
Demand And Supply ◽  
Islamic Perspective ◽  
Library Research ◽  
The Government ◽  
Extent Of Absorption

The concept of employment has some aspects that are integrated in order to achieve the balance of the workforce, both aspects of demand and supply of labor. The labor market is considered as the location of meeting between the demand for labor from both the private and Government sectors and the supply of labor available. The meeting of demand and supply of manpower can exert influence on the determination of the level of wage labor. In other words, the labor market plays a role in assisting the Government in the process of making employment-related policies such as the determination of the level of wages. This study, by employing library research, demonstrated that the concept of labor as seen from the viewpoint of Islam will be able to reach the concept of labor. It is not limited to the extent of absorption of labor, but also related how the level of the workforce that is capable of being managed by the Government to be more productive. The policy of wage rate in Islam is not limited to referring to balance demand and supply of labor. It also reviews the needs of a worker based on the principle of fairness and honesty, and protects both interests in the worker and the employer. The essence of Islamic economy in review market power based on the view of Islam shows its potential in generating equitable economy society and realize prosperity.

Optimal Government Policies Related to Unemployment

2017 ◽  
Vol 47 (1) ◽  
pp. 87-111
Author(s):  
Chia-Hui Lu
Keyword(s):  
Labor Market ◽  
Minimum Wage ◽  
Wage Rate ◽  
Optimal Allocation ◽  
Government Policies ◽  
Unemployment Compensation ◽  
Heterogeneous Labor ◽  
The Government ◽  
Hiring Costs

This article studies the optimal government policies related to unemployment in a frictional labor market. To achieve the optimal allocation, we find that the government should not issue unemployment compensation or subsidies for hiring costs. Moreover, as both firms and households experience disastrous consequences related to the minimum wage, the government should not intervene in the labor market to influence the wage rate and should not set any minimum wage. What the government can do is to make appropriate expenditures on matching efficacy. Furthermore, considering heterogeneous labor abilities in the model does not change our main finding.

scholarly journals The determination of disparity between supply and demand in services market

2004 ◽  
Vol 44 (161) ◽  
pp. 135-149
Author(s):  
Perica Macura
Keyword(s):  
Labor Market ◽  
Service Sector ◽  
Supply And Demand ◽  
Economic Situation ◽  
General Character ◽  
Demand And Supply ◽  
Psychological Conditions ◽  
Gray Market ◽  
The Unemployed

Respecting the principles of analytics, systematization and comprehensiveness, the paper deals with the frames of disparity between supply and demand in services market. The basic reasons for disparity are systematically divided into five groups: (1) reasons for problems in the area of information on supply and demand, (2) reasons for problems in the area of parallel functioning of the gray market, (3) reasons for problems in the area of psychological conditions and perceptions of consumers, (4) reasons for problems in the area of social and economic situation, (5) reasons in the area of institutional functioning. These groups contain reasons of the general character and reasons in individual areas and flows. The analysis of disparity has been conducted via relevant relations of demand and supply that exist in services market, as follows: (1) the relation of supply of services provided by companies towards adequate forms of demand (other companies, institutions, population), (2) the relation of institutions' supply of services toward adequate forms of demand (all companies, population) and (3) the relation of unofficial supply of services toward adequate demand (population). Within basic prerequisites for the solution to disparity of demand and supply in the service sector, we have especially emphasized and analyzed personnel potential. We have analyzed elements and problems of the labor market, available personnel potential (personnel potential of the employed and the unemployed), as well as latent personnel potential.

Mergers

2021 ◽  
pp. 76-90
Author(s):  
Eric A. Posner
Keyword(s):  
Labor Market ◽  
Labor Markets ◽  
Market Power ◽  
Wage Inequality ◽  
Legal Rules ◽  
Market Effects ◽  
Antitrust Laws ◽  
Economic Stagnation ◽  
The Government ◽  
Private Litigation

Recent research indicates that labor market power has contributed to wage inequality and economic stagnation. Although the antitrust laws prohibit firms from restricting competition in labor markets as in product markets, the government does little to address the labor market problem, and private litigation has been rare and mostly unsuccessful. This is a particular problem for mergers, which the government has never reviewed for labor market effects. One reason is that the analytic methods for evaluating labor market power in antitrust contexts are less sophisticated than the legal rules used to judge product market power. To remedy this asymmetry, the government can draw on insights from labor economics and use tools that have been developed for measuring labor market concentration.

scholarly journals MEKANISMEPASAR SEBAGAI PENENTU HARGA (ANALISIS PEMIKIRAN IBN TAIMIYAH)

2015 ◽  
Vol 1 (1) ◽  
pp. 105
Author(s):  
Sri Sudiarti
Keyword(s):  
Equilibrium Price ◽  
Market Mechanism ◽  
Market Forces ◽  
Fair Price ◽  
Demand And Supply ◽  
Naturally Occurring ◽  
Modern Economy ◽  
The Government

<p>In the perspective of the Islamic concept of the price is not much different from the modern economy. But in Islam has always emphasized the role of ethics (moral values). Basically, Islam has been described that a fair price is the price established by the market forces that run freely, the meeting between the forces of demand and supply. The concept of the proposed price of IbnTaymiyya is not much different from what has been formulated by modern economists. The only difference is the emphasis on ethics and morals. In principle, fair prices occurs when the demand and supply of naturally occurring and balanced (equilibrium price). A fair price according to IbnTaymiyya is the value of the price of goods which the seller sells his wares and generally accepted as being commensurate with the goods sold or other similar goods in a particular place and time. IbnTaymiyyah and very modern economists agree that if the government does not interfere in the determination of prices during a market mechanism walk naturally without any disturbances from the traders and from the buyer.</p>

scholarly journals MUSLIM CONSUMER BEHAVIOR AND HALAL PRODUCT CONSUMPTION

2019 ◽  
Vol 3 (2) ◽  
pp. 161
Author(s):  
Muhammad Turhan Yani ◽  
Sri Abidah Suryaningsih
Keyword(s):  
Mental Health ◽  
Consumer Behavior ◽  
Research Method ◽  
Islamic Perspective ◽  
Product Consumption ◽  
Library Research ◽  
The Law ◽  
The Republic ◽  
The Government ◽  
The Impact

The purpose of article writing is to find out the impact of modernization on lifestyle in some Muslim societies that have a tendency to ignore the parameters of religion (Islam) in terms of consuming a food / beverage, medicine, even cosmetics product. The research method used is library research. The result of the analysis is that anything consumed in an Islamic perspective has implications for mental health. this is where awareness is needed that when Allah SWT. has given signs about halal and haram for food or drink, so there is a wisdom behind the provisions of Allah. In the context of normative law in Indonesia, halal standardization has also been strengthened by the Law of the Republic of Indonesia Number 33 of 2014 concerning Guarantee of Halal Products as a whole to all levels of society. In addition, the Government has also formed a body called the Halal Product Guarantee Agency which has the duty to hold a Halal Product Guarantee. This shows that the Government is also very concerned about the needs of its citizens in meeting the consumption of all products with halal standards.

scholarly journals Perlindungan Hukum Terhadap Penetapan Status Covid-19 Pada Pasien Penyakit Umum Oleh Rumah Sakit Di Kota Medan

2021 ◽  
Vol 20 (2) ◽  
pp. 127-135
Author(s):  
Dewi Ervina Suryani
Keyword(s):  
Legal Protection ◽  
Secondary Data ◽  
Research Data ◽  
Hospital Personnel ◽  
Legal Research ◽  
Library Research ◽  
The Status ◽  
The Government ◽  
Materials Used

The government poured out the budget of trillions as a form of seriousness in handling the coronavirus outbreak which began to spread in Indonesia in the early of 2020. The amount of subsidized funds for the care of covid-19 patients provided by the government to hospitals is used by rogue hospital personnel to reap huge profits by convicting patients who are suffering from other diseases so that they have the status of covid-19 patients (not covid-19, sentenced to covid-19). This research is a type of normative legal research which is conducted by examining the library materials or secondary data. The secondary data in the form of primary legal materials, secondary legal materials, and tertiary legal materials used in this study were obtained through books, government publications, internal organizational records, reports, journals, and various sites related to coronavirus. The secondary data obtained are then processed by using library research data collection techniques (library research). The study is then analyzed qualitatively through the descriptive analytical method, so that a general conclusion is obtained about the coronavirus. The results showed that the form of legal protection against the determination of Covid-19 status in patients with general illnesses by hospitals in Medan was in the form of compensation. This refers to the Law Number 8 of 1999 concerning Consumer Protection and Law Number 36 of 2009 concerning Health. Keywords: Legal Protection, Covid-19 

scholarly journals Notary Role in The Establishment of Foreign Investment Limited Company Based on The Act No. 25 Of 2007 on Investment in Semarang

Jurnal Akta ◽  
2018 ◽  
Vol 5 (4) ◽  
pp. 965
Author(s):  
Noor Rachmawati ◽  
Lathifah Hanim
Keyword(s):  
Foreign Investment ◽  
Joint Venture ◽  
Limited Liability ◽  
Field Research ◽  
Library Research ◽  
Limited Company ◽  
The Republic ◽  
The Government

Research on the role of the notary in the establishment of a Foreign Investment Limited Company (PMA) in Semarang aims to determine the role of a notary in the establishment PT.PMA. The research method is normative with library research and regulatory legislation in the field of investment include field research. This study uses a technique of direct communication with the tool in the form of interview guidelines. Interviews are used is free unstructured but questions that do not come out of the subject matter. Based on the results of the study concluded that the role of the notary in the establishment of PT. PMA is based on Act No. 25 of 2007 on Investment in Semarang are procedures that should be implemented is the submission of PMA addressed to the Investment Coordinating Board (BKPM), with regard to this case, the task of the notary help the government provide legal counseling for the parties to the establishment, make Joint Venture Agreement in accordance with applicable legislation and in charge of manufacture of a limited liability company's certificate of incorporation approved by the Minister of Justice and Human Rights of the Republic of Indonesia. In the event of an error PT.PMA establishment, the notary is responsible for the deed change, but the responsibility of the notary in the case of the fraud perpetrated by the founder of the company who act in bad faith, then it becomes the responsibility of the founders of the company. Constraints faced by thebusiness licensing constraints, constraints business domicile, the determination of business areas, administrative requirements and constraints lack of capital to start build a company.Keywords: Role of the Notary; Foreign Investment; Limited Company.

scholarly journals The Unemployment Rate Amid the COVID-19 Pandemic: Propose the Best Practices Policy to Maintain Labor Market Stability

2021 ◽  
Vol 25 (1) ◽  
pp. 48
Author(s):  
Nazaruddin Malik ◽  
Muhammad Sri Wahyudi Suliswanto ◽  
Mochamad Rofik
Keyword(s):  
Labor Market ◽  
Granger Causality ◽  
Unemployment Rate ◽  
Aggregate Demand ◽  
Causality Test ◽  
Demand And Supply ◽  
Causality Tests ◽  
The Government ◽  
Labor System ◽  
The Impact

This study analyzes the impact of the shocks caused by the COVID-19 pandemic on the labor market. The research is vital for expanding the literature about maintaining the unemployment rate amid crisis, ultimately reducing unnecessary social costs. The quantitative approach in this study uses a Granger causality test to understand the effect of the shock caused by the COVID-19 pandemic on unemployment. Meanwhile, the qualitative approach in this study uses literature related to economic growth, crisis management, and unemployment. Granger causality tests show that economic slowdown hurts the unemployment rate. Based on discussion and synthesis from works of literature, this paper recommends some of the policies to maintain growth and prevent a more severe collapse in the labor market; the government needs to sustain aggregate demand and supply. Also, ensure the supply chain runs well amid various restrictions. Besides, this paper also proposes that the government maximizes alternative budget resources. Meanwhile, strengthening the labor system and developing health and food security industries must be a priority policy amid-post the pandemic.

Mekanisme Dan Proteksi Jaminan Nasabah Pada Gadai Informal

Liquidity ◽  
2017 ◽  
Vol 6 (2) ◽  
pp. 103-109
Author(s):  
Yuri Nanda Larasati ◽  
Jafril Khalil
Keyword(s):  
Qualitative Research ◽  
Research Methods ◽  
Financial Services ◽  
Field Data ◽  
Qualitative Research Methods ◽  
Research Field ◽  
Consumer Society ◽  
Library Research ◽  
The Cost

Regulation of the financial services authority (OJK) No. 31/POJK.05/2016 on Venture had arranged that the financial services agency on the basis of the law of pledge is in coaching and supervision OJK. Yet the existence of laws – invitation to Governing Enterprise pawn shops causing business activities conducted by the above parties are not yet regulated. The condition is feared could cause harm to the consumer society. The purpose of this research is to know the procedures, mechanisms, protection of goods and guarantee the consumer on an informal pledge financing, methods of determination of the cost of maintenance of the goods and the goods of the execution mechanism of the pledge as well as protection for the collateral items are viewed from the side of the consumer by looking at laws-invitations and Sharia. To find out whether the pledge have gotten permission from OJK. This research uses qualitative research methods with the study of library research, field data and simulations. The approach used in this study is the empirical juridical approach. Elaboration upon the results is discussed further in this article.

PERANAN INSPEKTORAT KABUPATENSUMENEP DALAM MENCEGAH DAN MENDETEKSI FRAUD DI DINAS PENDIDIKAN SUMENEP

2015 ◽  
Vol 5 (1) ◽  
Author(s):  
Astri Furqani ◽  
Hafidhah .
Keyword(s):  
Local Government ◽  
Qualitative Study ◽  
Asset Management ◽  
Sampling Technique ◽  
Research Data ◽  
Qualitative Approach ◽  
Primary Data ◽  
The Government

In this era, a lot of activities that can not be separated from the practice of cheating or fraud , no exception In the government . Inspektorat Sumenep is the leading institution of internal Local Government in preventing and detecting fraud in the Local Government appropiate Perbup Sumenep No. 29 of 2008 . Dinas Pendidikan Sumenep need attention on the issue . This is due to Dinas Pendidikan Sumenep an agency with the largest number of assets and managing large budgets . These conditions led to the formulation of the problem is How Inspektorat Sumenep role in preventing and detecting fraud in Dinas Pendidikan Sumenep. This study used a qualitative approach in which the focus of this study is Inspektorat role in preventing and detecting fraud at Dinas Pendidikan Sumenep . Primary data obtained by direct interviews with the parties directly related to the determination of the source of research data in a qualitative study using nonprobability sampling . The sampling technique used was purposive sampling . The conclusion of this study, role of the Inspektorat Sumenep in the prevention of fraud in Dinas Pendidikan Sumenep still not maximal . This is due to Inspektorat Sumenep not supervise from the planning / budgeting and not optimal in overseeing and assisting the implementation of the SPIP as an instrument of fraud prevention in Dinas Pendidikan Sumenep . The role of Inspektorat Sumenep in the detection of fraud in Dinas Pendidikan Sumenep done by conducting an audit of financial and asset management in each financial year.Keywords: fraud, government, inspektorat.

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