Labor Economics

ISBN-10: 0073402826
ISBN-13: 9780073402826
Edition: 4th 2008 (Revised)
Authors: George J. Borjas
List price: $180.00
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Description: George Borjas’ well-received text blends coverage of traditional topics with modern theory and developments into a superb Labor Economics book. The Fourth Edition builds on the features and concepts that made the first three editions successful,  More...

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Book details

List price: $180.00
Edition: 4th
Copyright year: 2008
Publisher: McGraw-Hill Companies, The
Publication date: 3/13/2007
Binding: Hardcover
Pages: 560
Size: 7.25" wide x 9.25" long x 1.00" tall
Weight: 2.134
Language: English

George Borjas’ well-received text blends coverage of traditional topics with modern theory and developments into a superb Labor Economics book. The Fourth Edition builds on the features and concepts that made the first three editions successful, updating and adding new content to keep the text on the cusp of recent events in the Labor Economics field. In addition, 4/e offers greater instructor support with a significant number of new end-of-chapter problems and a new test bank. Labor Economics continues to be the most concise book available on the subject, but despite its brevity, instructors will find that all key topics are covered. Borjas’ integration of theory with facts and coverage of latest research make his book one of the most popular at the middle and upper end of the market. The text stresses the ideas that labor economists use to understand how the labor market works.

Introduction to Labor Economics
An Economic Story of the Labor Market
The Actors in the Labor Market
Why Do We Need a Theory?
The Organization of the Book
Summary
Key Concepts
Review Questions
Web Links
An Introduction to Regression Analysis
Labor Supply
Measuring the Labor Force
Basic Facts about Labor Supply
The Worker's Preferences
The Budget Constraint
The Hours of Work Decision
To Work or Not to Work?
The Labor Supply Curve
Estimates of the Labor Supply Elasticity
Labor Supply of Women
Policy Application: Welfare Programs and Work Incentives
Policy Application: The Earned Income Tax Credit
Theory at Work: Dollars and Dreams
Theory at Work: Winning the Lotto Will Change Your Life
Theory at Work: Work and Leisure in Europe and the United States
Theory at Work: The Laffer Curve
Theory at Work: Female Labor Supply and Economic Development
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Topics in Labor Supply
Labor Supply over the Life Cycle
Labor Supply over the Business Cycle
Retirement
Policy Application: The Decline in Work Attachment among Older Workers
Household Production
Fertility
Theory at Work: Cabbies in New York City
Theory at Work: The Notch Babies
Theory at Work: Poor Relief and Fertility
Theory at Work: Not-So-Fast Times at Ridgemont High
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Labor Demand
The Production Function
The Employment Decision in the Short Run
The Employment Decision in the Long Run
The Long-Run Demand Curve for Labor
The Elasticity of Substitution
Policy Application: Affirmative Action and Production Costs
Marshall's Rules of Derived Demand
Factor Demand with Many Inputs
Overview of Labor Market Equilibrium
Policy Application: The Employment Effects of Minimum Wages 13 4-11 Adjustment Costs and Labor Demand
Rosie the Riveter as an Instrumental Variable
Theory at Work: California's Overtime Regulations and Labor Demand
Theory at Work: The Minimum Wage and Puerto Rican Migration
Theory at Work: Work-Sharing in Germany
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Labor Market Equilibrium
Equilibrium in a Single Competitive Labor Market
Competitive Equilibrium across Labor Markets
Policy Application: Payroll Taxes and Subsidies
Policy Application: Payroll Taxes versus Mandated Benefits
Policy Application: The Labor Market Impact of Immigration
The Economic Benefits from Immigration
The Cobweb Model
Noncompetitive Labor Markets: Monopsony
Noncompetitive Labor Markets: Monopoly
Theory at Work: The Intifadah and Palestinian Wages
Theory at Work: The Clinton Health Care Program
Theory at Work: The Great Black Migration
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Compensating Wage Differentials
The Market for Risky Jobs
The Hedonic Wage Function
Policy Application: How Much Is a Life Worth?
Policy Application: Safety and Health Regulations
Compensating Differentials and Job Amenities
Policy Application: Health Insurance and the Labor Market
Theory at Work: The Value of Life on the Interstate
Theory at Work: Workers' Compensation May Be Hazardous to Your Health
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Human Capital
Education in the Labor Market: Some Stylized Facts
Present Value
The Schooling Model
Education and Earnings
Estimating the Rate of Return to Schooling
Policy Application: School Construction in Indonesia
Policy Application: School Quality and Earnings
Do Workers Maximize Lifetime Earnings?
Schooling as a Signal
Post-School Human Capital Investments
On-the-Job Training
On-the-Job Training and the Age-Earnings Profile
Policy Application: Evaluating Government Training Programs
Theory at Work: Can We Afford to Improve the Skills of High School Dropouts?
Theory at Work: Is the GED Better Than Nothing?
Theory at Work: Earnings and Substance Abuse
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
The Wage Structure
The Earnings Distribution
Measuring Inequality
The Wage Structure: Basic Facts
Policy Application: Why Did Wage Inequality Increase?
The Earnings of Superstars
Inequality across Generations
Theory at Work: Computers, Pencils, and the Wage Structure
Theory at Work: Rock Superstars
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Labor Mobility
Geographic Migration as a Human Capital Investment
Internal Migration in the United States
Family Migration
Immigration in the United States
Immigrant Performance in the U.S. Labor Market
The Decision to Immigrate
Policy Application: Intergenerational Mobility of Immigrants
Job Turnover: Facts
The Job Match
Specific Training and Job Turnover
Job Turnover and the Age-Earnings Profile
Theory at Work: Migration and EU Expansion
Theory at Work: Power Couples
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
Theory at Work: Health Insurance and Job-Lock
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Labor Market Discrimination
Race and Gender in the Labor Market
The Discrimination Coefficient
Employer Discrimination
Employee Discrimination
Customer Discrimination
Statistical Discrimination
Experimental Evidence on Discrimination
Measuring Discrimination
Policy Application: Determinants of the Black-White Wage Ratio
Discrimination against Other Groups
Policy Application: Determinants of the Female-Male Wage Ratio
Theory at Work: Beauty and the Beast
Theory at Work: Customer Discrimination and the NBA
Theory at Work: Discrimination on the Weakest Link
Theory at Work: Shades of Black
Theory at Work: Orchestrating Impartiality
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Labor Unions
Unions: Background and Facts
Determinants of Union Membership
Monopoly Unions
Policy Application: Unions and Resource Allocation
Efficient Bargaining
Strikes
Union Wage Effects
The Exit-Voice Hypothesis
Policy Application: Public-Sector Unions
Theory at Work: The Rise and Fall of PATCO
Theory at Work: The Cost of Labor Disputes
Theory at Work: Airline Deregulation and the Wages of Airline Mechanics
Theory at Work: Lawyers and Arbitration
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Incentive Pay
Piece Rates and Time Rates
Tournaments
Policy Application: The Compensation of Executives
Work Incentives and Delayed Compensation
Efficiency Wages
Theory at Work: Windshields by the Piece
Theory at Work: Incentive Pay Gets You to LAX on Time
Theory at Work: Playing Hard for the Money
Theory at Work: Did Henry Ford Pay Efficiency Wages?
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Unemployment
Unemployment in the United States
Types of Unemployment
The Steady-State Rate of Unemployment
Job Search
Policy Application: Unemployment Compensation
The Intertemporal Substitution Hypothesis
The Sectoral Shifts Hypothesis
Efficiency Wages
Implicit Contracts
Policy Application: The Phillips Curve
Policy Application: Why Does Europe Have High Unemployment?
Theory at Work: Jobs and Friends
Theory at Work: Cash Bonuses and Unemployment
Theory at Work: The Benefits of UI
Summary
Key Concepts
Review Questions
Problems
Selected Readings
Web Links
Indexes
Name Index
Subject Index

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