Modern Labor Economics : Theory and Public Policy

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  • Edition: 10th
  • Format: Paperback
  • Copyright: 2009-01-01
  • Publisher: Addison Wesley
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The best-sellingModern Labor Economicsprovides 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 Contents

The Labor Market Labor Economics: Some Basic Concepts Plan of the Text
Statistical Testing of Labor Market Hypotheses
Overview of the Labor Market
The Labor Market: Definitions, Facts, and Trends
How the Labor Market Works Applications of the Theory
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
Graphical Derivation of a Firmrsquo;s Labor Demand Curve
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
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
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
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
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
Compensating Wage Differentials and Layoffs
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?
A ldquo;Cobwebrdquo; Model of Labor Market Adjustment
A Hedonic Model of Earnings and Educational Level(Now available exclusively on the Companion Website )
Worker Mobility: Migration, Immigration, and Turnover
The Determinants of Worker Mobility Geographic Mobility Policy
Application: Restricting Immigration Employee Turnover
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
Gender, Race, and Ethnicity in the Labor Market Measured and Unmeasured Sources of Earnings Differences
Theories of Market Discrimination Federal Programs to End Discrimination
Estimating Comparable-Worth Earnings Gaps: An Application of Regression Analysis
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
Arbitration and the Bargaining Contract Zone
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?
Inequality in Earnings Measuring Inequalit
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