Fundamentals of labor economics
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Bibliographic Information
Fundamentals of labor economics
Houghton Mifflin, c2005
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Various multi-media instructional materials are available to supplement the text
Includes index
Description and Table of Contents
Description
This text covers the essential aspects of modern labor economics from an international perspective, providing students with a comprehensive survey of economic theory and empirical evidence on purely competitive labor markets. In addition, the authors examine the impact of imperfect competition, incomplete information and uncertainty, and institutional factors--stemming from laws, unions, and human resource policies--on wages and employment opportunities.
Table of Contents
Note: Each chapter concludes with a Summay, Key Terms, and Problems. 1. The Study of Labor Economics The Scope of Labor Economics The Method of Labor Economics The Plan of This Book Appendix: Regression Analysis 2. The Demand for Labor The Production Function The Marginal Product of Labor The Short-Run Demand for Labor The Demand for Labor in the Long-Run Appendix: Technological Change and Labor Demand 3. Topics in Labor Demand Elasticities How Elastic Is the Demand for Labor? Extensions and Embellishments of Marginal Productivity Theory Appendix: A Test of the Marginal Productivity Theory: A Cobb-Douglas Exercise 4. The Supply of Labor: Labor Force Participation International Labor Force Participation The Theory of Labor Force Participation for an Individual The Theory of Labor Force Participation for Groups Applications of the Theory 5. The Supply of Labor: Hours of Work The History of Working Hours Worker Preferences and Hours Worked The Theory of Hours of Work for an Individual Applications of the Theory Variations on the Wage Line Welfare Programs and Labor Supply Some Extensions of the Individual Model Empirical Evidence on Labor Supply Elasticities 6. Human Capital Analysis Some Background Education and Age-Earnings Profiles Calculating the Returns to Education The Evidence Bias in Rate of Return Estimates General Versus Specific Human Capital Externalities, Equity, and Subsidies Human Capital and Mobility 7. Labor Market Equilibrium Equilibrium in a Single Labor Market Equilibrium across Different Labor Markets Empirical Studies of Wage Differentials International Trade and Relative Wages 8. Information and Job Search The Fixed Sample Search Model The Sequential Search Model Matching Models Equilibrium Search Models The Duration of Unemployment and the Hazard Function Labor Mobility Job Search Methods and Results 9. Monopsony and Minimum Wages Wage and Employment Determination under Conditions of Monopsony Where Does Monopsony Exist? Minimum Wages Empirical Evidence on the Employment Effect of Minimum Wages Other Effects of the Minimum Wage 10. Internal Labor Markets The Characteristics of ILMs The Evolution of ILMs in the United States ILMs and Firm Efficiency Implications of ILMs for Labor Analysis 11. Personnel Economics Motivating Worker Effort Work-Life Incentive Schemes Other Wage Policy Models 12. Unions and Collective Bargaining A Profile of Unionism in the United States Unionism in Other Countries Theories of Union Growth Union Goals and Objectives Union Monopoly Models Union Bargaining Power and Strikes The Effects of Unions 13. Labor Market Discrimination The Many Faces of Labor Market Discrimination Gender and Racial Differences in Labor Markets Theories of Labor Market Discrimination Measuring the Effect of Discrimination on Pay Gaps What Does the Research Show? Anti-Discrimination Policies The Effects of Anti-Discrimination Policies 14. Unemployment Measures of Unemployment The Natural Rate of Unemployment Fluctuations around the Natural Rate A Model of the Aggregate Labor Market Unemployment Policy: The OECD Jobs Strategy 15. Wage Inequality, Income Inequality and Poverty Wage Inequality and Labor Market Performance Measuring Inequality Trends in Wage Inequality Causes of Increased Wage Inequality From Wage Inequality to Income Inequality Poverty Policy Options
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