Labor Economics / Edition 6 by George Borjas | 2900073523209 | Hardcover | Barnes & Noble
Labor Economics / Edition 6

Labor Economics / Edition 6

4.0 2
by George Borjas

ISBN-10: 0073523208

ISBN-13: 2900073523209

Pub. Date: 01/27/2012

Publisher: McGraw-Hill Professional Publishing

Is your Labor Economics course covering the most up-to-date material? Let these updates to Borjas 4/e serve as a checklist for your course: New policy applications and descriptions of state-of-the-art research studies, New examples and applications involving labor markets or policy shifts outside of the U.S., New discussion on the impact of the surge in Internet job


Is your Labor Economics course covering the most up-to-date material? Let these updates to Borjas 4/e serve as a checklist for your course: New policy applications and descriptions of state-of-the-art research studies, New examples and applications involving labor markets or policy shifts outside of the U.S., New discussion on the impact of the surge in Internet job search activities by both firms and workers, A thorough rewriting and reorganization of the material on immigration, Updated discussion of changes in the U.S. wage structure, New analysis on the impact of welfare reform legislation on labor supply, New discussion on the experimental approach that some recent studies use to measure the amount of discrimination in the labor market.

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McGraw-Hill Professional Publishing
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Table of Contents

Introduction to Labor Economics     1
An Economic Story of the Labor Market     2
The Actors in the Labor Market     3
Why Do We Need a Theory?     7
The Organization of the Book     10
Summary     11
Key Concepts     11
Review Questions     11
Web Links     12
An Introduction to Regression Analysis     12
Labor Supply     21
Measuring the Labor Force     22
Basic Facts about Labor Supply     24
The Worker's Preferences     27
The Budget Constraint     31
The Hours of Work Decision     33
To Work or Not to Work?     40
The Labor Supply Curve     42
Estimates of the Labor Supply Elasticity     45
Labor Supply of Women     50
Policy Application: Welfare Programs and Work Incentives     55
Policy Application: The Earned Income Tax Credit     61
Theory at Work: Dollars and Dreams     40
Theory at Work: Winning the Lotto Will Change Your Life     43
Theory at Work: Work and Leisure in Europe and the United States     48
Theory at Work: The Laffer Curve     51
Theory at Work:Female Labor Supply and Economic Development     54
Summary     65
Key Concepts     66
Review Questions     66
Problems     66
Selected Readings     68
Web Links     68
Topics in Labor Supply     69
Labor Supply over the Life Cycle     70
Labor Supply over the Business Cycle     75
Retirement     78
Policy Application: The Decline in Work Attachment among Older Workers     82
Household Production     88
Fertility     94
Theory at Work: Cabbies in New York City     75
Theory at Work: The Notch Babies     83
Theory at Work: Poor Relief and Fertility     95
Theory at Work: Not-So-Fast Times at Ridgemont High     100
Summary     100
Key Concepts     101
Review Questions     103
Problems     101
Selected Readings     103
Web Links     104
Labor Demand     105
The Production Function     106
The Employment Decision in the Short Run     109
The Employment Decision in the Long Run     115
The Long-Run Demand Curve for Labor      119
The Elasticity of Substitution     126
Policy Application: Affirmative Action and Production Costs     127
Marshall's Rules of Derived Demand     130
Factor Demand with Many Inputs     133
Overview of Labor Market Equilibrium     135
Policy Application: The Employment Effects of Minimum Wages 13 4-11 Adjustment Costs and Labor Demand     147
Rosie the Riveter as an Instrumental Variable     154
Theory at Work: California's Overtime Regulations and Labor Demand     125
Theory at Work: The Minimum Wage and Puerto Rican Migration     145
Theory at Work: Work-Sharing in Germany     152
Summary     159
Key Concepts     159
Review Questions     160
Problems     160
Selected Readings     162
Web Links     162
Labor Market Equilibrium     163
Equilibrium in a Single Competitive Labor Market     164
Competitive Equilibrium across Labor Markets     166
Policy Application: Payroll Taxes and Subsidies     171
Policy Application: Payroll Taxes versus Mandated Benefits     178
Policy Application: The Labor Market Impact of Immigration     181
The Economic Benefits from Immigration     193
The Cobweb Model     196
Noncompetitive Labor Markets: Monopsony     199
Noncompetitive Labor Markets: Monopoly     205
Theory at Work: The Intifadah and Palestinian Wages     165
Theory at Work: The Clinton Health Care Program     175
Theory at Work: The Great Black Migration     194
Summary     207
Key Concepts     208
Review Questions     208
Problems     209
Selected Readings     211
Web Links     212
Compensating Wage Differentials     213
The Market for Risky Jobs     214
The Hedonic Wage Function     220
Policy Application: How Much Is a Life Worth?     224
Policy Application: Safety and Health Regulations     227
Compensating Differentials and Job Amenities     230
Policy Application: Health Insurance and the Labor Market     235
Theory at Work: The Value of Life on the Interstate     226
Theory at Work: Workers' Compensation May Be Hazardous to Your Health     230
Summary     238
Key Concepts     238
Review Questions     239
Problems     239
Selected Readings     242
Web Links     242
Human Capital     243
Education in the Labor Market: Some Stylized Facts     244
Present Value     246
The Schooling Model     246
Education and Earnings     253
Estimating the Rate of Return to Schooling     257
Policy Application: School Construction in Indonesia     260
Policy Application: School Quality and Earnings     261
Do Workers Maximize Lifetime Earnings?     265
Schooling as a Signal     268
Post-School Human Capital Investments     274
On-the-Job Training     275
On-the-Job Training and the Age-Earnings Profile     279
Policy Application: Evaluating Government Training Programs     284
Theory at Work: Can We Afford to Improve the Skills of High School Dropouts?     262
Theory at Work: Is the GED Better Than Nothing?     273
Theory at Work: Earnings and Substance Abuse     283
Summary     287
Key Concepts     288
Review Questions     288
Problems     289
Selected Readings     291
Web Links     292
The Wage Structure     293
The Earnings Distribution     294
Measuring Inequality     296
The Wage Structure: Basic Facts     299
Policy Application: Why Did Wage Inequality Increase?     302
The Earnings of Superstars     311
Inequality across Generations     314
Theory at Work: Computers, Pencils, and the Wage Structure     308
Theory at Work: Rock Superstars     313
Summary     317
Key Concepts     317
Review Questions     317
Problems     318
Selected Readings     320
Web Links     320
Labor Mobility     321
Geographic Migration as a Human Capital Investment     322
Internal Migration in the United States     323
Family Migration     329
Immigration in the United States     332
Immigrant Performance in the U.S. Labor Market     334
The Decision to Immigrate     340
Policy Application: Intergenerational Mobility of Immigrants     346
Job Turnover: Facts     351
The Job Match     354
Specific Training and Job Turnover     356
Job Turnover and the Age-Earnings Profile     358
Theory at Work: Migration and EU Expansion      328
Theory at Work: Power Couples     332
Theory at Work: Visas Available (If You Pass a Test or Pay Up!) 344 Theory at Work: Hey Dad, My Roommate Is So Smart, I Got a 4.0 GPA     350
Theory at Work: Health Insurance and Job-Lock     355
Summary     360
Key Concepts     361
Review Questions     361
Problems     362
Selected Readings     364
Web Links     364
Labor Market Discrimination     365
Race and Gender in the Labor Market     366
The Discrimination Coefficient     367
Employer Discrimination     368
Employee Discrimination     375
Customer Discrimination     376
Statistical Discrimination     378
Experimental Evidence on Discrimination     382
Measuring Discrimination     385
Policy Application: Determinants of the Black-White Wage Ratio     388
Discrimination against Other Groups     395
Policy Application: Determinants of the Female-Male Wage Ratio     397
Theory at Work: Beauty and the Beast     375
Theory at Work: Customer Discrimination and the NBA     379
Theory at Work: Discrimination on the Weakest Link      383
Theory at Work: Shades of Black     395
Theory at Work: Orchestrating Impartiality     400
Summary     405
Key Concepts     405
Review Questions     405
Problems     406
Selected Readings     409
Web Links     409
Labor Unions     410
Unions: Background and Facts     411
Determinants of Union Membership     415
Monopoly Unions     421
Policy Application: Unions and Resource Allocation     423
Efficient Bargaining     425
Strikes     431
Union Wage Effects     437
The Exit-Voice Hypothesis     443
Policy Application: Public-Sector Unions     445
Theory at Work: The Rise and Fall of PATCO     420
Theory at Work: The Cost of Labor Disputes     434
Theory at Work: Airline Deregulation and the Wages of Airline Mechanics     443
Theory at Work: Lawyers and Arbitration     447
Summary     448
Key Concepts     449
Review Questions     449
Problems     450
Selected Readings     452
Web Links     452
Incentive Pay      453
Piece Rates and Time Rates     454
Tournaments     461
Policy Application: The Compensation of Executives     466
Work Incentives and Delayed Compensation     469
Efficiency Wages     473
Theory at Work: Windshields by the Piece     458
Theory at Work: Incentive Pay Gets You to LAX on Time     462
Theory at Work: Playing Hard for the Money     465
Theory at Work: Did Henry Ford Pay Efficiency Wages?     477
Summary     482
Key Concepts     482
Review Questions     482
Problems     483
Selected Readings     485
Web Links     485
Unemployment     486
Unemployment in the United States     487
Types of Unemployment     493
The Steady-State Rate of Unemployment     494
Job Search     496
Policy Application: Unemployment Compensation     503
The Intertemporal Substitution Hypothesis     510
The Sectoral Shifts Hypothesis     512
Efficiency Wages     513
Implicit Contracts     517
Policy Application: The Phillips Curve     518
Policy Application: Why Does Europe Have High Unemployment?     523
Theory at Work: Jobs and Friends     497
Theory at Work: Cash Bonuses and Unemployment     505
Theory at Work: The Benefits of UI     510
Summary     525
Key Concepts     526
Review Questions     526
Problems     527
Selected Readings     529
Web Links     530
Indexes     531
Name Index     531
Subject Index     536

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