Labor Economics

ISBN-10: 0071110976
ISBN-13: 9780071110976
Edition: N/A
Authors: George J. Borjas
List price: $92.95
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Description: This text presents both economic theory and empirical evidence to illustrate and explain 'the story' of modern labour markets. It blends coverage of traditional topics with coverage of modern theory and developments.

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Book details

List price: $92.95
Publisher: McGraw Hill Higher Education
Pages: 544
Size: 6.34" wide x 7.78" long x 0.75" tall
Weight: 2.046

This text presents both economic theory and empirical evidence to illustrate and explain 'the story' of modern labour markets. It blends coverage of traditional topics with coverage of modern theory and developments.

Introduction to Labor Economicsp. 1
An Economic Story of the Labor Marketp. 2
The Actors in the Labor Marketp. 3
Why Do We Need a Theory?p. 7
The Organization of the Bookp. 10
Summaryp. 11
Key Conceptsp. 11
Review Questionsp. 11
Web Linksp. 12
An Introduction to Regression Analysisp. 12
Labor Supplyp. 21
Measuring the Labor Forcep. 22
Basic Facts about Labor Supplyp. 24
The Worker's Preferencesp. 27
The Budget Constraintp. 31
The Hours of Work Decisionp. 33
To Work or Not to Work?p. 40
The Labor Supply Curvep. 42
Estimates of the Labor Supply Elasticityp. 45
Labor Supply of Womenp. 50
Policy Application: Welfare Programs and Work Incentivesp. 55
Policy Application: The Earned Income Tax Creditp. 61
Theory at Work: Dollars and Dreamsp. 40
Theory at Work: Winning the Lotto Will Change Your Lifep. 43
Theory at Work: Work and Leisure in Europe and the United Statesp. 48
Theory at Work: The Laffer Curvep. 51
Theory at Work: Female Labor Supply and Economic Developmentp. 54
Summaryp. 65
Key Conceptsp. 66
Review Questionsp. 66
Problemsp. 66
Selected Readingsp. 68
Web Linksp. 68
Topics in Labor Supplyp. 69
Labor Supply over the Life Cyclep. 70
Labor Supply over the Business Cyclep. 75
Retirementp. 78
Policy Application: The Decline in Work Attachment among Older Workersp. 82
Household Productionp. 88
Fertilityp. 94
Theory at Work: Cabbies in New York Cityp. 75
Theory at Work: The Notch Babiesp. 83
Theory at Work: Poor Relief and Fertilityp. 95
Theory at Work: Not-So-Fast Times at Ridgemont Highp. 100
Summaryp. 100
Key Conceptsp. 101
Review Questionsp. 103
Problemsp. 101
Selected Readingsp. 103
Web Linksp. 104
Labor Demandp. 105
The Production Functionp. 106
The Employment Decision in the Short Runp. 109
The Employment Decision in the Long Runp. 115
The Long-Run Demand Curve for Laborp. 119
The Elasticity of Substitutionp. 126
Policy Application: Affirmative Action and Production Costsp. 127
Marshall's Rules of Derived Demandp. 130
Factor Demand with Many Inputsp. 133
Overview of Labor Market Equilibriump. 135
Policy Application: The Employment Effects of Minimum Wages 13 4-11 Adjustment Costs and Labor Demandp. 147
Rosie the Riveter as an Instrumental Variablep. 154
Theory at Work: California's Overtime Regulations and Labor Demandp. 125
Theory at Work: The Minimum Wage and Puerto Rican Migrationp. 145
Theory at Work: Work-Sharing in Germanyp. 152
Summaryp. 159
Key Conceptsp. 159
Review Questionsp. 160
Problemsp. 160
Selected Readingsp. 162
Web Linksp. 162
Labor Market Equilibriump. 163
Equilibrium in a Single Competitive Labor Marketp. 164
Competitive Equilibrium across Labor Marketsp. 166
Policy Application: Payroll Taxes and Subsidiesp. 171
Policy Application: Payroll Taxes versus Mandated Benefitsp. 178
Policy Application: The Labor Market Impact of Immigrationp. 181
The Economic Benefits from Immigrationp. 193
The Cobweb Modelp. 196
Noncompetitive Labor Markets: Monopsonyp. 199
Noncompetitive Labor Markets: Monopolyp. 205
Theory at Work: The Intifadah and Palestinian Wagesp. 165
Theory at Work: The Clinton Health Care Programp. 175
Theory at Work: The Great Black Migrationp. 194
Summaryp. 207
Key Conceptsp. 208
Review Questionsp. 208
Problemsp. 209
Selected Readingsp. 211
Web Linksp. 212
Compensating Wage Differentialsp. 213
The Market for Risky Jobsp. 214
The Hedonic Wage Functionp. 220
Policy Application: How Much Is a Life Worth?p. 224
Policy Application: Safety and Health Regulationsp. 227
Compensating Differentials and Job Amenitiesp. 230
Policy Application: Health Insurance and the Labor Marketp. 235
Theory at Work: The Value of Life on the Interstatep. 226
Theory at Work: Workers' Compensation May Be Hazardous to Your Healthp. 230
Summaryp. 238
Key Conceptsp. 238
Review Questionsp. 239
Problemsp. 239
Selected Readingsp. 242
Web Linksp. 242
Human Capitalp. 243
Education in the Labor Market: Some Stylized Factsp. 244
Present Valuep. 246
The Schooling Modelp. 246
Education and Earningsp. 253
Estimating the Rate of Return to Schoolingp. 257
Policy Application: School Construction in Indonesiap. 260
Policy Application: School Quality and Earningsp. 261
Do Workers Maximize Lifetime Earnings?p. 265
Schooling as a Signalp. 268
Post-School Human Capital Investmentsp. 274
On-the-Job Trainingp. 275
On-the-Job Training and the Age-Earnings Profilep. 279
Policy Application: Evaluating Government Training Programsp. 284
Theory at Work: Can We Afford to Improve the Skills of High School Dropouts?p. 262
Theory at Work: Is the GED Better Than Nothing?p. 273
Theory at Work: Earnings and Substance Abusep. 283
Summaryp. 287
Key Conceptsp. 288
Review Questionsp. 288
Problemsp. 289
Selected Readingsp. 291
Web Linksp. 292
The Wage Structurep. 293
The Earnings Distributionp. 294
Measuring Inequalityp. 296
The Wage Structure: Basic Factsp. 299
Policy Application: Why Did Wage Inequality Increase?p. 302
The Earnings of Superstarsp. 311
Inequality across Generationsp. 314
Theory at Work: Computers, Pencils, and the Wage Structurep. 308
Theory at Work: Rock Superstarsp. 313
Summaryp. 317
Key Conceptsp. 317
Review Questionsp. 317
Problemsp. 318
Selected Readingsp. 320
Web Linksp. 320
Labor Mobilityp. 321
Geographic Migration as a Human Capital Investmentp. 322
Internal Migration in the United Statesp. 323
Family Migrationp. 329
Immigration in the United Statesp. 332
Immigrant Performance in the U.S. Labor Marketp. 334
The Decision to Immigratep. 340
Policy Application: Intergenerational Mobility of Immigrantsp. 346
Job Turnover: Factsp. 351
The Job Matchp. 354
Specific Training and Job Turnoverp. 356
Job Turnover and the Age-Earnings Profilep. 358
Theory at Work: Migration and EU Expansionp. 328
Theory at Work: Power Couplesp. 332
Theory at Work: Visas Available (If You Pass a Test or Pay Up!) 344 Theory at Work: Hey Dad, My Roommate Is So Smart, I Got a 4.0 GPAp. 350
Theory at Work: Health Insurance and Job-Lockp. 355
Summaryp. 360
Key Conceptsp. 361
Review Questionsp. 361
Problemsp. 362
Selected Readingsp. 364
Web Linksp. 364
Labor Market Discriminationp. 365
Race and Gender in the Labor Marketp. 366
The Discrimination Coefficientp. 367
Employer Discriminationp. 368
Employee Discriminationp. 375
Customer Discriminationp. 376
Statistical Discriminationp. 378
Experimental Evidence on Discriminationp. 382
Measuring Discriminationp. 385
Policy Application: Determinants of the Black-White Wage Ratiop. 388
Discrimination against Other Groupsp. 395
Policy Application: Determinants of the Female-Male Wage Ratiop. 397
Theory at Work: Beauty and the Beastp. 375
Theory at Work: Customer Discrimination and the NBAp. 379
Theory at Work: Discrimination on the Weakest Linkp. 383
Theory at Work: Shades of Blackp. 395
Theory at Work: Orchestrating Impartialityp. 400
Summaryp. 405
Key Conceptsp. 405
Review Questionsp. 405
Problemsp. 406
Selected Readingsp. 409
Web Linksp. 409
Labor Unionsp. 410
Unions: Background and Factsp. 411
Determinants of Union Membershipp. 415
Monopoly Unionsp. 421
Policy Application: Unions and Resource Allocationp. 423
Efficient Bargainingp. 425
Strikesp. 431
Union Wage Effectsp. 437
The Exit-Voice Hypothesisp. 443
Policy Application: Public-Sector Unionsp. 445
Theory at Work: The Rise and Fall of PATCOp. 420
Theory at Work: The Cost of Labor Disputesp. 434
Theory at Work: Airline Deregulation and the Wages of Airline Mechanicsp. 443
Theory at Work: Lawyers and Arbitrationp. 447
Summaryp. 448
Key Conceptsp. 449
Review Questionsp. 449
Problemsp. 450
Selected Readingsp. 452
Web Linksp. 452
Incentive Payp. 453
Piece Rates and Time Ratesp. 454
Tournamentsp. 461
Policy Application: The Compensation of Executivesp. 466
Work Incentives and Delayed Compensationp. 469
Efficiency Wagesp. 473
Theory at Work: Windshields by the Piecep. 458
Theory at Work: Incentive Pay Gets You to LAX on Timep. 462
Theory at Work: Playing Hard for the Moneyp. 465
Theory at Work: Did Henry Ford Pay Efficiency Wages?p. 477
Summaryp. 482
Key Conceptsp. 482
Review Questionsp. 482
Problemsp. 483
Selected Readingsp. 485
Web Linksp. 485
Unemploymentp. 486
Unemployment in the United Statesp. 487
Types of Unemploymentp. 493
The Steady-State Rate of Unemploymentp. 494
Job Searchp. 496
Policy Application: Unemployment Compensationp. 503
The Intertemporal Substitution Hypothesisp. 510
The Sectoral Shifts Hypothesisp. 512
Efficiency Wagesp. 513
Implicit Contractsp. 517
Policy Application: The Phillips Curvep. 518
Policy Application: Why Does Europe Have High Unemployment?p. 523
Theory at Work: Jobs and Friendsp. 497
Theory at Work: Cash Bonuses and Unemploymentp. 505
Theory at Work: The Benefits of UIp. 510
Summaryp. 525
Key Conceptsp. 526
Review Questionsp. 526
Problemsp. 527
Selected Readingsp. 529
Web Linksp. 530
Indexesp. 531
Name Indexp. 531
Subject Indexp. 536
Table of Contents provided by Ingram. All Rights Reserved.

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