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Introduction to Labor Economics | |
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An Economic Story of the Labor Market | |
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The Actors in the Labor Market | |
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Why Do We Need a Theory? | |
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The Organization of the Book | |
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Summary | |
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Review Questions | |
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Web Links | |
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Key Concepts | |
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Appendix: An Introduction to Regression Analysis | |
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Labor Supply | |
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Measuring the Labor Force | |
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Basic Facts about Labor Supply | |
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The Worker's Preferences | |
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The Budget Constraint | |
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The Hours of Work Decision | |
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To Work or Not to Work? | |
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The Labor Supply Curve | |
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Estimates of the Labor Supply Elasticity | |
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Labor Supply of Women | |
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Policy Application: Welfare Programs and Work Incentives | |
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Policy Application: The Earned Income Tax Credit | |
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Labor Supply over the Life Cycle | |
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Policy Application: The Decline in Work Attachment among Older Workers | |
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Theory at Work: Dollars and Dreams | |
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Theory at Work: Winning the Lotto Will Change Your Life | |
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Theory at Work: Work and Leisure in Europe and the United States | |
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Theory at Work: Cabbies in New York City | |
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Theory at Work: Weather and Leisure | |
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Theory at Work: The Notch Babies | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Labor Demand | |
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The Production Function | |
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The Employment Decision in the Short Run | |
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The Employment Decision in the Long Run | |
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The Long-Run Demand Curve for Labor | |
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The Elasticity of Substitution | |
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Policy Application: Affirmative Action and Production Costs | |
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Marshall's Rules of Derived Demand | |
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Factor Demand with Many Inputs | |
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Overview of Labor Market Equilibrium | |
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Policy Application: The Employment Effects of Minimum Wages | |
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Adjustment Costs and Labor Demand | |
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Rosie the Riveter as an Instrumental Variable | |
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Theory at Work: California's Overtime Regulations and Labor Demand | |
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Theory at Work: The Minimum Wage and Puerto Rican Migration | |
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Theory at Work: Work-Sharing in Germany | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Labor Market Equilibrium | |
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Equilibrium in a Single Competitive Labor Market | |
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Competitive Equilibrium across Labor Markets | |
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Policy Application: Payroll Taxes and Subsidies | |
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Policy Application: Payroll Taxes versus Mandated Benefits | |
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Policy Application: The Labor Market Impact of Immigration | |
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The Economic Benefits from Immigration | |
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Policy Application: Hurricanes and the Labor Market | |
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The Cobweb Model | |
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Noncompetitive Labor Markets: Monopsony | |
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Noncompetitive Labor Markets: Monopoly | |
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Theory at Work: The Intifadah and Palestinian Wages | |
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Theory at Work: The Great Black Migration | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Compensating Wage Differentials | |
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The Market for Risky Jobs | |
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The Hedonic Wage Function | |
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Policy Application: How Much Is a Life Worth? | |
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Policy Application: Safety and Health Regulations | |
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Compensating Differentials and Job Amenities | |
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Policy Application: Health Insurance and the Labor Market | |
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Theory at Work: "People" People | |
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Theory at Work: Life On the Interstate | |
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Theory at Work: Jumpers in Japan | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Human Capital | |
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Education in the Labor Market: Some Stylized Facts | |
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Present Value | |
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The Schooling Model | |
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Education and Earnings | |
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Estimating the Rate of Return to Schooling | |
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Policy Application: School Construction in Indonesia | |
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Policy Application: School Quality and Earnings | |
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Do Workers Maximize Lifetime Earnings? | |
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Schooling as a Signal | |
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Postschool Human Capital Investments | |
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On-the-Job Training | |
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On-the-Job Training and the Age-Earnings Profile | |
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Policy Application: Evaluating Government Training Programs | |
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Theory at Work: Destiny at Age 6? | |
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Theory at Work: War and Children's Academic Achievement | |
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Theory at Work: Is the GED Better Than Nothing? | |
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Theory at Work: Earnings and Substance Abuse | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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The Wage Structure | |
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The Earnings Distribution | |
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Measuring Inequality | |
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The Wage Structure: Basic Facts | |
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Policy Application: Why Did Wage Inequality Increase? | |
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The Earnings of Superstars | |
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Inequality across Generations | |
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Theory at Work: Computers, Pencils, and the Wage Structure | |
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Theory at Work: Rock Superstars | |
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Theory at Work: Nature versus Nurture | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Labor Mobility | |
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Geographic Migration as a Human Capital Investment | |
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Internal Migration in the United States | |
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Family Migration | |
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Immigration in the United States | |
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Immigrant Performance in the U.S. Labor Market | |
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The Decision to Immigrate | |
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Policy Application: Labor Flows in Puerto Rico | |
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Policy Application: Intergenerational Mobility of Immigrants | |
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Job Turnover: Facts | |
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The Job Match | |
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Specific Training and Job Turnover | |
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Job Turnover and the Age-Earnings Profile | |
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Theory at Work: Migration and EU Expansion | |
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Theory at Work: Power Couples | |
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Theory at Work: Hitler's Impact on the Production of Theorems | |
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Theory at Work: Hey Dad, My Roommate Is So Smart, I Got a 4.0 GPA | |
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Theory at Work: Health Insurance and Job-Lock | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Labor Market Discrimination | |
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Race and Gender in the Labor Market | |
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The Discrimination Coefficient | |
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Employer Discrimination | |
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Employee Discrimination | |
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Customer Discrimination | |
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Statistical Discrimination | |
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Experimental Evidence on Discrimination | |
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Measuring Discrimination | |
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Policy Application: Determinants of the Black-White Wage Ratio | |
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Discrimination against Other Groups | |
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Policy Application: Determinants of the Female-Male Wage Ratio | |
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Theory at Work: Beauty and the Beast | |
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Theory at Work: Discrimination in the NBA | |
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Theory at Work: "Disparate Impact" and Black Employment in Police Departments | |
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Theory at Work: Shades of Black | |
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Theory at Work: 9/11 and the Earnings of Arabs and Muslims in the United States | |
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Theory at Work: Orchestrating Impartiality | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Labor Unions | |
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Unions: Background and Facts | |
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Determinants of Union Membership | |
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Monopoly Unions | |
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Policy Application: Unions and Resource Allocation | |
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Efficient Bargaining | |
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Strikes | |
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Union Wage Effects | |
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Nonwage Effects of Unions | |
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Policy Application: Public-Sector Unions | |
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Theory at Work: The Rise and Fall of PATCO | |
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Theory at Work The Cost of Labor Disputes | |
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Theory at Work: Occupational Licensing | |
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Theory at Work: Do Teachers' Unions Make Students Better Off? | |
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Theory at Work: Lawyers and Arbitration | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Incentive Pay | |
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Piece Rates and Time Rates | |
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Tournaments | |
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Policy Application: The Compensation of Executives | |
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Work Incentives and Delayed Compensation | |
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Efficiency Wages | |
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Theory at Work: Windshields by the Piece | |
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Theory at Work: $15 Per Soul | |
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Theory at Work: Incentive Pay Gets You to LAX on Time | |
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Theory at Work: Playing Hard for the Money | |
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Theory at Work: Are Men More Competitive? | |
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Theory at Work: Did Henry Ford Pay Efficiency Wages? | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Unemployment | |
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Unemployment in the United States | |
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Types of Unemployment | |
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The Steady-State Rate of Unemployment | |
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Job Search | |
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Policy Application: Unemployment Compensation | |
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The Intertemporal Substitution Hypothesis | |
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The Sectoral Shifts Hypothesis | |
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Efficiency Wages Revisited | |
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Implicit Contracts | |
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Policy Application: The Phillips Curve | |
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Policy Application: The Unemployment Gap between Europe and the United States | |
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Theory at Work: The Long-Term Effects of Graduating in a Recession | |
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Theory at Work: Jobs and Friends | |
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Theory at Work: Cash Bonuses and Unemployment | |
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Theory at Work: The Benefits of UI | |
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Summary | |
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Key Concepts | |
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Review Questions | |
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Problems | |
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Selected Readings | |
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Web Links | |
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Mathematical Appendix: Some Standard Models in Labor Economics | |
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Indexes | |
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Name Index | |
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Subject Index | |