Contemporary Labor Economics

ISBN-10: 0073511323

ISBN-13: 9780073511320

Edition: 8th 2008

List price: $180.00
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Contemporary Labor Economics, 8e presents the "new" labor economics. In the past, study of labor was highly descriptive, emphasizing historical developments, facts, institutions, and legal considerations. Labor markets and unemployment was given some attention, but the analysis was typically minimal. This state of affairs has changed significantly in recent decades. Economists have achieved important breakthroughs in studying labor markets and problems. Labor economics is increasingly an applied field of micro and macro theory and has become a critical part of the core of analytical economics. As a result, the focus of the text is on the "new" labor economics. However, it also presents traditional topics such as labor law, structure of unions, and collective bargaining since these issues also play an important role in labor markets. In the Eighth Edition, the authors deliver new and updated discussions of public policy issues. Additionally, the text's integrated focus on global aspects of U.S. labor markets has continued and been expanded with this edition.
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Book details

List price: $180.00
Edition: 8th
Copyright year: 2008
Publisher: McGraw-Hill School Education Group
Publication date: 10/5/2007
Binding: Hardcover
Pages: 640
Size: 7.75" wide x 9.75" long x 0.75" tall
Weight: 2.420
Language: English

Labor Economics: Introduction and Overview
Labor Economics as a Discipline
The "Old" and the "New"
Economic Perspective
Gary Becker: Nobel Laureate
Lotto Winners: Who Quit?
The Theory of Individual Labor Supply
The Work-Leisure Decision: Basic Model
Sleep Time Linked to Earnings
Applying and Extending the Model
The Carnegie Conjecture
More Flexible Work Schedules
New Overtime Rules
The Labor Supply Impact of the Earned Income Tax Credit
Population, Participation Rates, and Hours of Work
The Population Base
Becker's Model: The Allocation of Time
The Changing Face of America
Participation Rates: Defined and Measured
Secular Trend of Participation Rates
Fewer Teens Have Summer Jobs
The Later Male Retirement Puzzle
Many Wives Outearn Their Husbands
The Power of the Pill
Family and Medical Leave Act of 1993
Cyclic Changes in Participation Rates
Hours of Work: Two Trends
Time Stress
Labor Quality: Investing in Human Capital
Investment in Human Capital: Concept and Data
The Human Capital Model
Recessions and the College Enrollment Rate
Twins, Education, and Earnings
Higher Education: Making the Right Choices
Human Capital Investment and the Distribution of Earnings
Reversal of the College Gender Gap
On-the-Job Training
Criticisms of Human Capital Theory
How Much Is a Standardized Test Point Worth?
The Demand for Labor
Derived Demand for Labor
A Firm's Short-Run Production Function
Short-Run Demand for Labor: The Perfectly Competitive Seller
Short-Run Demand for Labor: The Imperfectly Competitive Seller
The Long-Run Demand for Labor
Why Has Manufacturing Employment Fallen?
The Market Demand for Labor
Comparative Advantage and the Demand for Labor
Elasticity of Labor Demand
Determinants of Demand for Labor
Offshore Outsourcing of White-Collar Jobs
Real-World Applications
Occupational Employment Trends
Isoquant-Isocost Analysis of the Long-Run Demand for Labor
Isoquant Curves
Isocost Curves
Least-Cost Combination of Capital and Labor
Deriving the Long-Run Labor Demand Curve
Wage Determination and the Allocation of Labor
Theory of a Perfectly Competitive Labor Market
The Fall and Rebound of Real Earnings, 1979-2006
Wage and Employment Determination: Monopoly in the Product Market
Unions and Wage Determination
Pay and Performance in Professional Baseball
The WTO, Trade Liberalization, and Labor Standards
Has Deunionization Increased Earnings Inequality?
Bilateral Monopoly
NAFTA and American Labor
Wage Determination: Delayed Supply Responses
Do Medical Students Know How Much Doctors Earn?
Alternative Pay Schemes and Labor Efficiency
Economics of Fringe Benefits
Theory of Optimal Fringe Benefits
Does Health Insurance Cause "Job Lock"?
The Principal-Agent Problem
Pay for Performance
Why Is There Academic Tenure?
Participant Direction in Pension Plans
Efficiency Wage Payments
What Is a Good CEO Worth?
The Ford Motor Company's $5 per Day Wage
Labor Market Efficiency Revisited
The Wage Structure
Perfect Competition: Homogeneous Workers and Jobs
The Wage Structure: Observed Differentials
Wage Differentials: Heterogeneous Jobs
The Economics of the Oldest Profession
Wage Inequality and Skill-Biased Technological Change
Smoking Is Bad for Your Financial Health
Wage Differentials: Heterogeneous Workers
Do Former College Athletes Earn More Than Nonathletes?
The Hedonic Theory of Wages
Compensating Pay for Shift Work
Placing a Value on Human Life
Wage Differentials: Labor Market Imperfections
Mobility, Migration, and Efficiency
Types of Labor Mobility
Migration as an Investment in Human Capital
Determinants of Occupational Tenure
The Determinants of Migration: A Closer Look
The Consequences of Migration
Capital and Product Flows
U.S. Immigration Policy and Issues
Human Trafficking
What Jobs Do Illegal Aliens Hold?
Labor Unions and Collective Bargaining
Why Unions?
Labor Unionism: Facts and Figures
A Divorce in the Union Movement
Unionism's Decline
Should the Right to Hire Permanent Strikebreakers Be Rescinded?
Will the Internet Help Revive Unions?
What Do Unions Want?
Strikes and the Bargaining Process
The Economic Impact of Unions
The Union Wage Advantage
A Tale of Two Industries
The Highest-Paid Blue-Collar Workers
Efficiency and Productivity
Labor Strife and Product Quality
Unions and Investment
Firm Profitability
Distribution of Earnings
Other Issues: Inflation, Unemployment, and Income Shares
Government and the Labor Market: Employment, Expenditures, and Taxation
Public Sector Employment and Wages
What Do Government Workers Do?
Public Sector Unions: Are They Unique?
The Military Sector: The Draft versus the Voluntary Army
Nonpayroll Spending by Government: Impact on Labor
Private Military Companies
Labor Market Effects of Publicly Provided Goods and Services
Income Taxation and the Labor Market
Who Pays the Social Security Payroll Tax?
Government and the Labor Market: Legislation and Regulation
Labor Law
Minimum Wage Law
Living Wage Laws
Occupational Health and Safety Regulation
The Effect of Workers' Compensation on Job Safety
Government as a Rent Provider
Lawyers Attempt to Disbar Competition from Software
Labor Market Discrimination
Gender and Racial Differences
The Gender Pay Gap: An International Comparison
Discrimination and Its Dimensions
It Pays to Be Good-Looking
Taste for Discrimination Model
Competition and Discrimination
Theory of Statistical Discrimination
The Crowding Model: Occupational Segregation
Women's Entry into Selected Professions
Cause and Effect: Nondiscriminatory Factors
The Gender Pay Gap: Slowing Convergence
Antidiscrimination Policies and Issues
Orchestrating Impartiality
Job Search: External and Internal
External Job Search
Job Search and the Internet
Internal Labor Markets
Are Long-Term Jobs Vanishing?
The Distribution of Personal Earnings
Describing the Distribution of Earnings
Explaining the Distribution of Earnings
Mobility within the Earnings Distribution
Cross-Country Differences in Earnings Mobility Across Generations
Government Employment and the Earnings Distribution
Rising Earnings Inequality
Labor Productivity: Wages, Prices, and Employment
The Productivity Concept
Importance of Productivity Increases
Long-Run Trend of Labor Productivity
Is Public Capital Productive?
Cyclic Changes in Productivity
Productivity and Employment
A "New Economy"?
Employment and Unemployment
Employment and Unemployment Statistics
New Data on Job Gains and Losses
Macroeconomic Output and Employment Determination
Frictional Unemployment
Structural Unemployment
Downsizing and College Graduates
The Danish Flexicurity Model
Demand-Deficient Unemployment
The Distribution of Unemployment
Reducing Unemployment: Public Policies
Information Sources in Labor Economics
Sources of Labor Statistics
Applications, New Theories, Emerging Evidence
Textbooks and Research Surveys
Answers to "Your Turn" Questions
Name Index
Subject Index
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