Labor EconomicsGeorge Borjasâ¬" well-received text blends coverage of traditional topics with modern theory and developments into a superb Labor economics book. His 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. |
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age-earnings profile allocate average benefits budget line competitive consumption David Card discrimination dollars earnings efficiency wage EITC employers enter the labor equilibrium estimate evidence firm hires firm's force participation rate high school higher Hours of Leisure human capital illustrated in Figure immigrants impact implies income effect indifference curve industry input isocost isoprofit curve isoquant Jacob Mincer Journal of Economics Journal of Labor Journal of Political labor demand curve Labor Economics labor force participation labor market labor supply curve marginal cost marginal product migration minimum wage nonlabor income number of workers payroll tax percent person profit-maximizing profits rate of return reduces reservation wage retirement return to schooling risky job shifts skills slope Statistics studies substitution effect Suppose typically unemployed unemployment rate union units of output utility value of marginal wage differential wage gap wage increase wage rate wages and employment women