Labor Economics Principles in Practice

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  • Edition: 1st
  • Format: Hardcover
  • Copyright: 2015-12-15
  • Publisher: Oxford University Press

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Labor Economics: Principles in Practice provides a concise, tightly integrated, and engaging exploration of labor economics. Focusing on core principles and immersing students in real data from the Current Population Survey (CPS), Ken McLaughlin lays out a clear analytical framework for thinking about labor-market issues and policies. The book's entire presentation-- from the conversational tone to the practice questions within each section-makes labor economics highly accessible to more students.

Table of Contents

Preface to the Student
Preface to the Instructor


1 Introduction to Labor Economics
1.1 Tipping Busboys
1.2 Labor Economics
1.3 Economic Detection
1.4 Data
1.5 Empirical Methods
1.6 For Your Toolbox

2 Labor Markets
2.1 Competitive Labor Market
2.2 Government Controls
2.3 Multiple Competitive Labor Markets
2.4 Monopsony

3 Labor Supply
3.1 Motivating Evidence
3.2 Hours of Work
3.3 Applications
3.4 Whether to Work
3.5 Family Labor Supply and Home Production
3.6 Market Labor Supply

4 Labor Demand
4.1 Short-Run Labor Demand
4.2 Long-Run Labor Demand
4.3 Market Labor Demand

5 Attributes of the Job
5.1 Market for Work on Dirty Jobs
5.2 Model of Compensating Wage Differentials
5.3 Workday and Job Choice
5.4 Employee Benefits

6 Schooling
6.1 Schooling as an Investment in Human Capital
6.2 Estimating the Rate of Return to Schooling
6.3 Schooling as a Signal of Ability
6.4 Application: Schooling and the Workweek

7 Training, Turnover, and Migration
7.1 General Training
7.2 Applications
7.3 Specific Training
7.4 Matching Models of Turnover
7.5 Migration

8 Discrimination
8.1 Measuring Wage Gaps
8.2 Identifying the Effects of Discrimination
8.3 Modeling Discrimination
8.4 Can Discrimination Survive in the Long Run?
8.5 U.S. Anti-Discrimination Policy

9 Unions
9.1 Historical Context
9.2 Models of Unions
9.3 Applications

10 Wage Distribution
10.1 Measuring the Distribution of Wages
10.2 Economic Models of Wage Inequality
10.3 Application: Widening Distribution of Wages


11 Compensation Strategies
11.1 Introduction to Compensation
11.2 Performance Pay
11.3 Efficiency Wage and the Threat of Dismissal
11.4 Compensation of Chief Executive Officers

12 Unemployment
12.1 Disequilibrium Unemployment
12.2 Steady-State Unemployment
12.3 Job Search
12.4 Applications
12.5 Unemployment in the Macroeconomy


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