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Labor Economics

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ISBN-10: 026203316X

ISBN-13: 9780262033169

Edition: 2004

Authors: Pierre Cahuc, Andr� Zylberberg

List price: $110.00
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Description:

This landmark graduate-level text combines depth and breadth of coverage with recent, cutting-edge work in all the major areas of modern labor economics. Labor Economicsis the only textbook available for advanced graduate students in the field, and it will be widely used; because of its command of the literature and the freshness of the material included, it will also prove to be a valuable resource for practicing labor economists. The book moves back and forth between factual data and theoretical reasoning. The space devoted to theory reflects the profound theoretical restructuring in the field that has taken place in the last thirty years; the authors present these developments within a unified pedagogic framework. The teaching methods are based on mathematical models, with the mathematical analyses laid out clearly, and the derivation of most results given in five mathematical appendixes that provide a toolkit for understanding the models. The book is divided into four parts: "Supply and Demand Behaviors" examines the determinants of labor supply and demand; "Wage Formation" discusses wage determinants, including the influences of the wage policies of firms and collective bargaining; "Unemployment and Inequality" considers these problems in a macroeconomic setting; and "Institutions and Economic Policy" treats labor market policies and the impact of institutions on labor market performance.
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Book details

List price: $110.00
Copyright year: 2004
Publisher: MIT Press
Publication date: 8/13/2004
Binding: Hardcover
Pages: 880
Size: 8.00" wide x 9.00" long x 1.50" tall
Weight: 3.432
Language: English

Andre Zylberberg is Research Director at CNRS, Professor of Economics at the Ecole Polytechnique, and Research Fellow at EUREQua-University of Paris 1, Pantheon-Sorbonne.

Introduction
Acknowledgments
Supply and Demand Behaviors
Labor Supply
The Neoclassical Theory of Labor Supply
Empirical Aspects of Labor Supply
Summary and Conclusion
Related Topics in the Book
Further Readings
Appendices
Education and Human Capital
Some Facts
The Theory of Human Capital
Education as a Signaling Device
Evaluations of the Returns to Education
Summary and Conclusion
Related Topics in the Book
Further Readings
Job Search
Basic Job Search Theory
The Equilibrium Search Model and the Theory of Optimal Unemployment Insurance
Empirical Aspects of Job Search
Summary and Conclusion
Related Topics in the Book
Further Readings
Appendix: The Discounted Cost of an Unemployed Person
Labor Demand
The Static Theory of Labor Demand
From Theory to Estimates
Labor Demand and Adjustment Costs
Summary and Conclusion
Related Topics in the Book
Further Readings
Appendices
Wage Formation
Compensating Wage Differentials and Discrimination
Perfect Competition and Compensating Wage Differentials
Obstacles to Perfect Competition (1): Barriers to Entry
Obstacles to Perfect Competition (2): Imperfect Information
What Empirical Studies Tell Us
Summary and Conclusion
Related Topics in the Book
Further Readings
Contracts, Risk-Sharing, and Incentive
The Labor Contract
Risk-Sharing
Incentive in the Presence of Verifiable Results
Incentive in the Absence of Verifiable Results
Summary and Conclusion
Related Topics in the Book
Further Readings
Collective Bargaining
Unions and Collective Bargaining
Bargaining Theory
Standard Models of Collective Bargaining
Insiders and Outsiders
Investment and Hours
Empirical Evidence Regarding the Consequences of Collective Bargaining
Summary and Conclusion
Related Topics in the Book
Further Readings
Appendices
Unemployment and Inequality
Unemployment and Inflation
Some Facts
From the Classical Model to the Keynesian View
Nominal Rigidities: The Critiques of Friedman and Lucas
Real Rigidities: Hysteresis and the Wage Curve
Estimates of the NAIRU and Wage Equations
Summary and Conclusion
Related Topics in the Book
Further Readings
Appendices
Job Reallocation and Unemployment
Job Flows and Worker Flows
The Competitive Model with Job Reallocation
The Matching Model
Investment and Employment
Out-of-Stationary-State Dynamics
The Efficiency of Market Equilibrium
Summary and Conclusion
Related Topics in the Book
Further Readings
Technological Progress, Globalization, and Inequalities
Does Technological Progress Destroy More Jobs Than It Creates?
Globalization, Inequality, and Unemployment
Summary and Conclusion
Related Topics in the Book
Further Readings
Appendix
Institutions and Economic Policy
Labor Market Policies
Labor Market Policies: An International Perspective
Active Policies: Theoretical Analysis
The Evaluation of Active Labor Market Policies
The Macroeconomic Effects of Unemployment Benefits
Conclusion and Summary
Related Topics in the Book
Further Readings
Institutions and Labor Market Performance
The Minimum Wage
Employment Protection
Taxation
The Level at Which Wage Bargaining Takes Place
Macroeconomic Assessments of Institutions
Summary and Conclusion
Related Topics in the Book
Further Readings
Mathematical Appendices
Appendix A: Static Optimization
Unconstrained and Constrained Maximum
The Technique of the Lagrangian
The Interpretation of the Lagrange Multipliers
Summary and Practical Guide to Static Optimization
Appendix B: Dynamic Optimization
The Optimal Control Problem
The First-Order Conditions
Infinite Horizon
Calculus of Variations and the Euler Equation
Summary and Practical Guide to Optimal Control
Appendix C: Basic Notions Concerning Random Variables
Random Variables and Probability Densities
Independence and Correlation
The Probability Distributions Utilized in This Book
Appendix D: The Poisson Process and the Value of an Asset
The Poisson Process
Evolution of the Value of an Asset
An Alternative Proof
Appendix E: Systems of Linear Difference Equations
A Particular Solution
The General Solution
Stability
A Useful Form for the Stability Conditions
The Phase Diagram
User Guide for the Study of Two-Dimensional Linear Systems
Notes
Name Index
Subject Index