Labor Economics / Edition 1

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This landmark graduate level text combines depth and breadth of coverage with recent, cutting edge work in all the major areas of modern labor economics. Labor Economics is the only textbook available for advanced graduate students in the field, and it will be widely used, because of its command of the literature and the freshness of the material included, it will also prove to be a valuable resource for practicing labor economists.
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What People Are Saying

From the Publisher
"A complete graduate labor text! The theory is current yet absolutely clear, and the links to empirical work explicit. Throughout, the authors stress the relevance of the theory and empirical results for policy questions."—Daniel S.

Hamermesh, Centennial Professor of Economics, University of Texas at Austin

Daniel S. Hamermesh
This is the book to use for a graduate labor course anywhere in the world. The topics and research covered in the new edition are right up-to-date, and the level of the book is perfect for Ph. D. students. I used the earlier edition in my course and would use this too.—Daniel S. Hamermesh
Zvi Eckstein
Labor Economics brings facts to motivate theory that is carefully exposed. Empirical methods and results are integrated with the theory and the book covers an exceptional range of topics, models, and empirical research.

The depth and the range of topics make Labor Economics a required volume on the shelves of all academic economists.

Erik Plug
This is an impressive textbook. It will show graduate students that modern labor economics is an exciting area of research.
Laura Turner
This is an excellent textbook that provides a comprehensive introduction to the principles of modern labor economics and clear, rigorous, intuitive expositions of the major models students will need to navigate the field. Each chapter begins with the basic theory underlying modern applications, and then leads into an overview of recent empirical implementations, usually focusing on one or two relevant papers, and discusses the common econometric challenges associated with each topic. This layout is very useful and intuitive for thinking about the problems and for tying theory to empirics. The book was a pleasure to read and helped shape my thinking about the proper way to introduce ideas into a graduate labor course and to demonstrate the power and flexibility of the models.
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Product Details

  • ISBN-13: 9780262033169
  • Publisher: MIT Press
  • Publication date: 3/1/2004
  • Edition description: Older Edition
  • Edition number: 1
  • Pages: 880
  • Product dimensions: 6.00 (w) x 9.00 (h) x 1.15 (d)

Meet the Author

Pierre Cahuc is Professor of Economics at École Polytechnique, Director of the Macroeconomic Laboratory at CREST-ENSAE, Program Director at IZA, Research Fellow at CEPR and member of the Council of Economic Analysis of the Prime Minister.

Stéphane Carcillo is Associate Professor of Economics at the University of Paris 1, Panthéon-Sorbonne, a Senior Economist in the Directorate for Employment, Labor,and Social Affairs at the OECD, and a Research Fellow in the Department of Economics at Sciences Po (Paris) and at IZA Bonn.

André Zylberberg is Emeritus Research Director at the Centre National de la Recherche Scientifique (CNRS), and member of the Paris School of Economics (PSE).

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Table of Contents

Pt. 1 Supply and Demand Behaviors 1
Ch. 1 Labor Supply 3
Ch. 2 Education and Human Capital 59
Ch. 3 Job Search 107
Ch. 4 Labor Demand 171
Pt. 2 Wage Formation 243
Ch. 5 Compensating Wage Differentials and Discrimination 245
Ch. 6 Contracts, Risk-Sharing, and Incentive 305
Ch. 7 Collective Bargaining 369
Pt. 3 Unemployment and Inequality 441
Ch. 8 Unemployment and Inflation 443
Ch. 9 Job Reallocation and Unemployment 503
Ch. 10 Technological Progress, Globalization, and Inequalities 563
Pt. 4 Institutions and Economic Policy 633
Ch. 11 Labor Market Policies 635
Ch. 12 Institutions and Labor Market Performance 713
App. A Static Optimization 791
App. B Dynamic Optimization 794
App. C Basic Notions Concerning Random Variables 798
App. D The Poisson Process and the Value of an Asset 801
App. E Systems of Linear Difference Equations 803
Notes 811
Name Index 823
Subject Index 831
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