Handbook of Labor Economics, Volume 2
Orley Ashenfelter, Richard Layard, David Edward Card
Elsevier, 1986 - Business & Economics - 3713 pages
The Handbook brings together a systematic review of the research topics, empirical findings, and methods that comprise modern labor economics. It serves as an introduction to what has been done in this field, while at the same time indicating possible future trends which will be important in both spheres of public and private decision-making.
Part 1 is concerned with the classic topics of labor supply and demand, the size and nature of the elasticities between the two, and their impact on the wage structure. This analysis touches on two fundamental questions: what are the sources of income inequality, and what are the disincentive effects of attempts to produce a more equal income distribution?
The papers in Part II proceed from the common observation that the dissimilarity in worker skills and employer demands often tempers the outcomes that would be expected in frictionless labor markets. And the last
section of the Handbook deals explicitly with the role of institutional structures (e.g. trade unions) that now form an important part of modern labor economics.
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SUPPLY OF LABOR
Models where firms set wages
The Economics of Strikes
Escaping the Hicks paradox
Early empirical studies of strike activity
Measurement without theory
The seasonality of strikes
The nature of employment fluctuations
Theories of employment and unemployment fluctuations
The structure of bargaining and the efficiency of labor contracts
The bargaining problem
Size and composition of the union
Conflicting goals of membership and leadership
Other editions - View all
adjusted adverse selection aggregate alternative wage American Economic Review analysis Ashenfelter assumed assumption average collective bargaining compensation cost determined discussion duration earnings effect efficient empirical employer equal expected Farber firm firm's fluctuations given human capital implicit contract implies incentive income increase industry investment island job search Journal of Economics Journal of Political labor demand Labor Economics labor force labor market labor supply layoffs literature marginal match maximize mean wage gap ment Microeconomic Mortensen objective function observed optimal outcome output Pareto optimal parties Pencavel percent period Phillips curve Political Economy problem productivity random real wage relative reservation wage risk averse risk neutral sample search model sector specific human capital spells structure studies subsidy survey theory tion turnover unem unemployed unemployment rate union status vacancies value of leisure variables wage equations wage gap estimates wage offer distribution wage rates