Modern Labor Economics: Theory and Public Policy
HarperCollins College Publishers, 1994 - Labor economics - 695 pages
Providing a full survey of labour economics, including current and classic research, this new edition develops the theory of labour market behaviour, summarizes empirical evidence that supports or contradicts each hypothesis, and illustrates the usefulness of various theories for public policy.
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analysis assume assumption behavior Chapter compensation constant decisions decline demand for labor discussed earnings elasticity of demand employ employers employment level equal equation equilibrium estimated example factors factors of production Figure firm firm's hiring hourly wage immigrants incentives income effect indifference curve industry inputs investment isoquant Journal labor costs labor demand curve Labor Economics labor force labor market leisure less marginal cost marginal product marginal revenue product market wage maximize ment minimum wage money wage Monopsony normative economics Number of Workers overtime paid Pareto efficiency percent period predictions product of labor product price profits programs quit rates real wage reduce relative scale effect secretaries sector shift shortage skilled slope substitution effect supply curve Suppose tax credit theory tion transactions union unit of labor units of clothing units of food unskilled utility wage increases wage rate women
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