Modern Labor Economics: Theory and Public Policy / Edition 10by Ronald G. Ehrenberg, Robert S. Smith
Pub. Date: 03/06/2008
Publisher: Addison Wesley
The best-selling Modern Labor Economics provides a clear, comprehensive introduction to labor-market behavior. In addition to presenting core theory, Ehrenberg and Smith provide empirical evidence for or against each hypothesis, explore the usefulness of various theories for public policy analysis, and include detailed policy examples in each/b>/b>/b>… See more details below
The best-selling Modern Labor Economics provides a clear, comprehensive introduction to labor-market behavior. In addition to presenting core theory, Ehrenberg and Smith provide empirical evidence for or against each hypothesis, explore the usefulness of various theories for public policy analysis, and include detailed policy examples in each chapter.
Introduction; Overview of the Labor Market; The Demand for Labor; Labor Demand Elasticities; Frictions in the Labor Market; Supply of Labor to the Economy: The Decision to Work; Labor Supply: Household Production, the Family, and the Life Cycle; Compensating Wage Differentials and Labor Markets; Investments in Human Capital: Education and Training; Worker Mobility: Migration, Immigration, and Turnover; Pay and Productivity: Wage Determination Within the Firm; Gender, Race, and Ethnicity in the Labor Market; Unions and the Labor Market; Unemployment; Inequality in Earnings; The Labor Market Effects of International Trade and Production Sharing.
For all readers interested in labor economics.
Table of ContentsChapter 1 Introduction
The Labor Market Labor Economics: Some Basic Concepts Plan of the Text
Appendix 1A Statistical Testing of Labor Market Hypotheses
Chapter 2 Overview of the Labor Market
The Labor Market: Definitions, Facts, and Trends How the Labor Market Works Applications of the Theory
Chapter 3 The Demand for Labor
Profit Maximization The Short-Run Demand for Labor When Both Product and Labor Markets Are Competitive The Demand for Labor in Competitive Markets When Other Inputs Can Be Varied Labor Demand When the Product Market Is Not Competitive Policy Application: The Labor Market Effects of Employer Payroll Taxes and Wage Subsidies
Appendix 3A Graphical Derivation of a Firm’s Labor Demand Curve
Chapter 4 Labor Demand Elasticities
The Own-Wage Elasticity of Demand The Cross-Wage Elasticity of Demand Policy Application: Effects of Minimum Wage Laws Applying Concepts of Labor Demand Elasticity to the Issue of Technological Change
Chapter 5 Frictions in the Labor Market
Frictions on the Employee Side of the Market Frictions on the Employer Side of the Market Training Investments Hiring Investments
Chapter 6 Supply of Labor to the Economy: The Decision to Work
Trends in Labor Force Participation and Hours of Work A Theory of the Decision to Work Policy Applications
Chapter 7 Labor Supply: Household Production, the Family, and the Life Cycle
The Theory of Household Production A Labor Supply Model that Incorporates Household Production Joint Labor Supply Decisions within the Household Life-Cycle Aspects of Labor Supply
Chapter 8 Compensating Wage Differentials and Labor Markets
Job Matching: The Role of Worker Preferences and Information Hedonic Wage Theory and the Risk of Injury Hedonic Wage Theory and Employee Benefits
Appendix 8A Compensating Wage Differentials and Layoffs
Chapter 9 Investments in Human Capital: Education and Training
Human Capital Investments: The Basic Model The Demand for a College Education Education, Earnings, and Post-schooling Investments in Human Capital Is Education a Good Investment?
Appendix 9A A “Cobweb” Model of Labor Market Adjustment Appendix 9B: A Hedonic Model of Earnings and Educational Level (Now available exclusively on the Companion Website)
Chapter 10 Worker Mobility: Migration, Immigration, and Turnover
The Determinants of Worker Mobility Geographic Mobility Policy Application: Restricting Immigration Employee Turnover
Chapter 11 Pay and Productivity: Wage Determination Within the Firm
Motivating Workers: An Overview of the Fundamentals Productivity and the Basis of Yearly Pay Productivity and the Level of Pay Productivity and the Sequencing of Pay Applications of the Theory: Explaining Two Puzzles
Chapter 12 Gender, Race, and Ethnicity in the Labor Market
Measured and Unmeasured Sources of Earnings Differences Theories of Market Discrimination Federal Programs to End Discrimination
Appendix 12A Estimating Comparable-Worth Earnings Gaps: An Application of Regression Analysis
Chapter 13 Unions and the Labor Market
Union Structure and Membership Constraints on the Achievement of Union Objectives The Activities and Tools of Collective Bargaining The Effects of Unions
Appendix 13A Arbitration and the Bargaining Contract Zone
Chapter 14 Unemployment
A Stock-Flow Model of the Labor Market Frictional Unemployment Structural Unemployment Demand-Deficient (Cyclical) Unemployment Seasonal Unemployment When Do We Have Full Employment?
Chapter 15 Inequality in Earnings
Measuring Inequality Earnings Inequality Since 1980: Some Descriptive Data The Underlying Causes of Growing Inequality
Appendix 15A Lorenz Curves and Gini Coefficients
Chapter 16 The Labor Market Effects of International Trade and Production Sharing
Why Does Trade Take Place?
Effects of Trade on the Demand for Labor Will Wages Converge Across Countries?
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