Labor Markets and Employment Relationships: A Comprehensive Approach

by Joyce Jacobsen (Wesleyan University, USA); Gilbert Skillman (Wesleyan University, USA)

• ISBN13: 9781405142304
• ISBN10: 1405142308
• Format: eBook
• Copyright: 2008-04-01
• Publisher: Wiley-Blackwell

Summary

This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena. Features graphical in-chapter analysis supplemented by technical material in appendices. Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results. Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics. Balances theoretical, empirical and policy analysis.

Table of Contents

Preface

Introduction: Labor Economics and the Political Economy of Labor

Labor Demand and Supply:

Labor Supply

Labor Demand

Perfectly Competitive Labor Markets

Imperfectly Competitive Labor Markets

The Labor Exchange:

The Structure of Labor Exchange

Strategic Labor Exchange

Bargaining in Labor Exchange

Imperfect Contracting in Labor Exchange

The Employment Relationship:

The Nature of the Employment Relationship

Employee Compensation and Incentive Provision

Employment Continuity and Internal Labor Markets

Employee Representation in the Workplace

Labor Market Divisions:

Wages and Working Conditions

Education and Ability

Employee Characteristics and Discrimination

Employer Characteristics and Market Segmentation

Labor in the Market System:

Earnings Inequality

Unemployment

Labor Market Dynamics

Index

Table of Contents provided by Publisher. All Rights Reserved.