Modern Labor Economics : Theory and Public Policy
by Ehrenberg, Ronald G.; Smith, Robert S.Edition: 10th
Format: Paperback
Pub. Date: 2009-01-01
Publisher(s): Addison Wesley
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Summary
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
| Introduction | |
| 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 | |
| Table of Contents provided by Publisher. All Rights Reserved. |
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