Labor Economics

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MIT Press, 2004 - Business & Economics - 844 pages
2 Reviews

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 Economics is 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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Contents

PART ONE Supply and Demand Behaviors
5
Education and Human Capital
59
Job Search
107
Labor Demand
171
From Theory to Estimates
205
Labor Demand and Adjustment Costs
212
Summary and Conclusion
232
Compensating Wage Differentials
245
Job Reallocation and Unemployment
503
Technological Progress Globalization
563
Globalization Inequality and Unemployment
582
Summary and Conclusion
625
Labor Market Policies
635
Subsidies?
660
Institutions and Labor Market Performance
713
Employment Protection
734

Contracts RiskSharing and Incentive
305
Collective Bargaining
369
I
373
Standard Models of Collective Bargaining
393
Dispersion
401
Investment and Hours
411
Empirical Evidence Regarding the Consequences
419
PART THREE Unemployment and Inequality
441
Labor Force
447
From the Classical Model to the Keynesian View
454
Taxation
751
The Level at Which Wage Bargaining Takes Place
768
Macroeconomic Assessments of Institutions
777
Summary and Conclusion
783
The Poisson Process and the Value
801
Notes
811
Name Index
823
Subject Index
831
Copyright

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About the author (2004)

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

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