Introduction to Labor Economics | p. 1 |
An Economic Story of the Labor Market | p. 2 |
The Actors in the Labor Market | p. 3 |
Why Do We Need a Theory? | p. 7 |
The Organization of the Book | p. 10 |
Summary | p. 11 |
Key Concepts | p. 11 |
Review Questions | p. 11 |
Web Links | p. 12 |
An Introduction to Regression Analysis | p. 12 |
Labor Supply | p. 21 |
Measuring the Labor Force | p. 22 |
Basic Facts about Labor Supply | p. 24 |
The Worker's Preferences | p. 27 |
The Budget Constraint | p. 31 |
The Hours of Work Decision | p. 33 |
To Work or Not to Work? | p. 40 |
The Labor Supply Curve | p. 42 |
Estimates of the Labor Supply Elasticity | p. 45 |
Labor Supply of Women | p. 50 |
Policy Application: Welfare Programs and Work Incentives | p. 55 |
Policy Application: The Earned Income Tax Credit | p. 61 |
Theory at Work: Dollars and Dreams | p. 40 |
Theory at Work: Winning the Lotto Will Change Your Life | p. 43 |
Theory at Work: Work and Leisure in Europe and the United States | p. 48 |
Theory at Work: The Laffer Curve | p. 51 |
Theory at Work: Female Labor Supply and Economic Development | p. 54 |
Summary | p. 65 |
Key Concepts | p. 66 |
Review Questions | p. 66 |
Problems | p. 66 |
Selected Readings | p. 68 |
Web Links | p. 68 |
Topics in Labor Supply | p. 69 |
Labor Supply over the Life Cycle | p. 70 |
Labor Supply over the Business Cycle | p. 75 |
Retirement | p. 78 |
Policy Application: The Decline in Work Attachment among Older Workers | p. 82 |
Household Production | p. 88 |
Fertility | p. 94 |
Theory at Work: Cabbies in New York City | p. 75 |
Theory at Work: The Notch Babies | p. 83 |
Theory at Work: Poor Relief and Fertility | p. 95 |
Theory at Work: Not-So-Fast Times at Ridgemont High | p. 100 |
Summary | p. 100 |
Key Concepts | p. 101 |
Review Questions | p. 103 |
Problems | p. 101 |
Selected Readings | p. 103 |
Web Links | p. 104 |
Labor Demand | p. 105 |
The Production Function | p. 106 |
The Employment Decision in the Short Run | p. 109 |
The Employment Decision in the Long Run | p. 115 |
The Long-Run Demand Curve for Labor | p. 119 |
The Elasticity of Substitution | p. 126 |
Policy Application: Affirmative Action and Production Costs | p. 127 |
Marshall's Rules of Derived Demand | p. 130 |
Factor Demand with Many Inputs | p. 133 |
Overview of Labor Market Equilibrium | p. 135 |
Policy Application: The Employment Effects of Minimum Wages 13 4-11 Adjustment Costs and Labor Demand | p. 147 |
Rosie the Riveter as an Instrumental Variable | p. 154 |
Theory at Work: California's Overtime Regulations and Labor Demand | p. 125 |
Theory at Work: The Minimum Wage and Puerto Rican Migration | p. 145 |
Theory at Work: Work-Sharing in Germany | p. 152 |
Summary | p. 159 |
Key Concepts | p. 159 |
Review Questions | p. 160 |
Problems | p. 160 |
Selected Readings | p. 162 |
Web Links | p. 162 |
Labor Market Equilibrium | p. 163 |
Equilibrium in a Single Competitive Labor Market | p. 164 |
Competitive Equilibrium across Labor Markets | p. 166 |
Policy Application: Payroll Taxes and Subsidies | p. 171 |
Policy Application: Payroll Taxes versus Mandated Benefits | p. 178 |
Policy Application: The Labor Market Impact of Immigration | p. 181 |
The Economic Benefits from Immigration | p. 193 |
The Cobweb Model | p. 196 |
Noncompetitive Labor Markets: Monopsony | p. 199 |
Noncompetitive Labor Markets: Monopoly | p. 205 |
Theory at Work: The Intifadah and Palestinian Wages | p. 165 |
Theory at Work: The Clinton Health Care Program | p. 175 |
Theory at Work: The Great Black Migration | p. 194 |
Summary | p. 207 |
Key Concepts | p. 208 |
Review Questions | p. 208 |
Problems | p. 209 |
Selected Readings | p. 211 |
Web Links | p. 212 |
Compensating Wage Differentials | p. 213 |
The Market for Risky Jobs | p. 214 |
The Hedonic Wage Function | p. 220 |
Policy Application: How Much Is a Life Worth? | p. 224 |
Policy Application: Safety and Health Regulations | p. 227 |
Compensating Differentials and Job Amenities | p. 230 |
Policy Application: Health Insurance and the Labor Market | p. 235 |
Theory at Work: The Value of Life on the Interstate | p. 226 |
Theory at Work: Workers' Compensation May Be Hazardous to Your Health | p. 230 |
Summary | p. 238 |
Key Concepts | p. 238 |
Review Questions | p. 239 |
Problems | p. 239 |
Selected Readings | p. 242 |
Web Links | p. 242 |
Human Capital | p. 243 |
Education in the Labor Market: Some Stylized Facts | p. 244 |
Present Value | p. 246 |
The Schooling Model | p. 246 |
Education and Earnings | p. 253 |
Estimating the Rate of Return to Schooling | p. 257 |
Policy Application: School Construction in Indonesia | p. 260 |
Policy Application: School Quality and Earnings | p. 261 |
Do Workers Maximize Lifetime Earnings? | p. 265 |
Schooling as a Signal | p. 268 |
Post-School Human Capital Investments | p. 274 |
On-the-Job Training | p. 275 |
On-the-Job Training and the Age-Earnings Profile | p. 279 |
Policy Application: Evaluating Government Training Programs | p. 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 Abuse | p. 283 |
Summary | p. 287 |
Key Concepts | p. 288 |
Review Questions | p. 288 |
Problems | p. 289 |
Selected Readings | p. 291 |
Web Links | p. 292 |
The Wage Structure | p. 293 |
The Earnings Distribution | p. 294 |
Measuring Inequality | p. 296 |
The Wage Structure: Basic Facts | p. 299 |
Policy Application: Why Did Wage Inequality Increase? | p. 302 |
The Earnings of Superstars | p. 311 |
Inequality across Generations | p. 314 |
Theory at Work: Computers, Pencils, and the Wage Structure | p. 308 |
Theory at Work: Rock Superstars | p. 313 |
Summary | p. 317 |
Key Concepts | p. 317 |
Review Questions | p. 317 |
Problems | p. 318 |
Selected Readings | p. 320 |
Web Links | p. 320 |
Labor Mobility | p. 321 |
Geographic Migration as a Human Capital Investment | p. 322 |
Internal Migration in the United States | p. 323 |
Family Migration | p. 329 |
Immigration in the United States | p. 332 |
Immigrant Performance in the U.S. Labor Market | p. 334 |
The Decision to Immigrate | p. 340 |
Policy Application: Intergenerational Mobility of Immigrants | p. 346 |
Job Turnover: Facts | p. 351 |
The Job Match | p. 354 |
Specific Training and Job Turnover | p. 356 |
Job Turnover and the Age-Earnings Profile | p. 358 |
Theory at Work: Migration and EU Expansion | p. 328 |
Theory at Work: Power Couples | p. 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 GPA | p. 350 |
Theory at Work: Health Insurance and Job-Lock | p. 355 |
Summary | p. 360 |
Key Concepts | p. 361 |
Review Questions | p. 361 |
Problems | p. 362 |
Selected Readings | p. 364 |
Web Links | p. 364 |
Labor Market Discrimination | p. 365 |
Race and Gender in the Labor Market | p. 366 |
The Discrimination Coefficient | p. 367 |
Employer Discrimination | p. 368 |
Employee Discrimination | p. 375 |
Customer Discrimination | p. 376 |
Statistical Discrimination | p. 378 |
Experimental Evidence on Discrimination | p. 382 |
Measuring Discrimination | p. 385 |
Policy Application: Determinants of the Black-White Wage Ratio | p. 388 |
Discrimination against Other Groups | p. 395 |
Policy Application: Determinants of the Female-Male Wage Ratio | p. 397 |
Theory at Work: Beauty and the Beast | p. 375 |
Theory at Work: Customer Discrimination and the NBA | p. 379 |
Theory at Work: Discrimination on the Weakest Link | p. 383 |
Theory at Work: Shades of Black | p. 395 |
Theory at Work: Orchestrating Impartiality | p. 400 |
Summary | p. 405 |
Key Concepts | p. 405 |
Review Questions | p. 405 |
Problems | p. 406 |
Selected Readings | p. 409 |
Web Links | p. 409 |
Labor Unions | p. 410 |
Unions: Background and Facts | p. 411 |
Determinants of Union Membership | p. 415 |
Monopoly Unions | p. 421 |
Policy Application: Unions and Resource Allocation | p. 423 |
Efficient Bargaining | p. 425 |
Strikes | p. 431 |
Union Wage Effects | p. 437 |
The Exit-Voice Hypothesis | p. 443 |
Policy Application: Public-Sector Unions | p. 445 |
Theory at Work: The Rise and Fall of PATCO | p. 420 |
Theory at Work: The Cost of Labor Disputes | p. 434 |
Theory at Work: Airline Deregulation and the Wages of Airline Mechanics | p. 443 |
Theory at Work: Lawyers and Arbitration | p. 447 |
Summary | p. 448 |
Key Concepts | p. 449 |
Review Questions | p. 449 |
Problems | p. 450 |
Selected Readings | p. 452 |
Web Links | p. 452 |
Incentive Pay | p. 453 |
Piece Rates and Time Rates | p. 454 |
Tournaments | p. 461 |
Policy Application: The Compensation of Executives | p. 466 |
Work Incentives and Delayed Compensation | p. 469 |
Efficiency Wages | p. 473 |
Theory at Work: Windshields by the Piece | p. 458 |
Theory at Work: Incentive Pay Gets You to LAX on Time | p. 462 |
Theory at Work: Playing Hard for the Money | p. 465 |
Theory at Work: Did Henry Ford Pay Efficiency Wages? | p. 477 |
Summary | p. 482 |
Key Concepts | p. 482 |
Review Questions | p. 482 |
Problems | p. 483 |
Selected Readings | p. 485 |
Web Links | p. 485 |
Unemployment | p. 486 |
Unemployment in the United States | p. 487 |
Types of Unemployment | p. 493 |
The Steady-State Rate of Unemployment | p. 494 |
Job Search | p. 496 |
Policy Application: Unemployment Compensation | p. 503 |
The Intertemporal Substitution Hypothesis | p. 510 |
The Sectoral Shifts Hypothesis | p. 512 |
Efficiency Wages | p. 513 |
Implicit Contracts | p. 517 |
Policy Application: The Phillips Curve | p. 518 |
Policy Application: Why Does Europe Have High Unemployment? | p. 523 |
Theory at Work: Jobs and Friends | p. 497 |
Theory at Work: Cash Bonuses and Unemployment | p. 505 |
Theory at Work: The Benefits of UI | p. 510 |
Summary | p. 525 |
Key Concepts | p. 526 |
Review Questions | p. 526 |
Problems | p. 527 |
Selected Readings | p. 529 |
Web Links | p. 530 |
Indexes | p. 531 |
Name Index | p. 531 |
Subject Index | p. 536 |
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