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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
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
Answers to Odd-Numbered Review Questions and Problems
Table of Contents provided by Publisher. All Rights Reserved.