Modern Labor Economics

by Ehrenberg, Ronald G.; Smith, Robert S.

• ISBN13: 9780201785777
• ISBN10: 0201785773
• Edition: 8th
• Format: Hardcover
• Copyright: 2003-01-01
• Publisher: Addison Wesley

Summary

Comprehensively surveying the field of labor economics, this market-leading textbook showcases both current and classic research. The authors develop the modern theory of labor market behavior, summarize empirical evidence supporting or contradicting each hypothesis, and illustrate the usefulness of various theories for public policy analysis. In addition to the policy examples woven throughout the narrative, each chapter offers two or more cases that illustrate the application of theory in a nontraditional, business, historical, or cross-cultural context. The Eighth Edition provides updated coverage and references to the professional literature throughout, as well as many new boxed policy examples and new end-of-chapter numerical problems.

Table of Contents

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

Inequality in Earnings

Unemployment

Answers to Odd-Numbered Review Questions and Problems

Name Index

Subject Index

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