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 average behavior budget constraint Chapter constant crease decisions decline demand curve demand for labor discussed earnings elasticity of demand employ employers employment level equal equation estimated example factors factors of production Figure firm firm's hiring hourly wage household production immigrants incentives income effect indifference curve industry inputs investment isoquant Journal labor demand curve Labor Economics labor force participation labor market less marginal cost marginal product marginal revenue product ment minimum wage negative income tax normative economics Number of Workers offer overtime paid percent period prediction present value product of labor profits programs quit rates real wage reduce relative retirement risk scale effect sector shift skilled slope Social Security subsidies substitution effect supply curve Suppose tax credit tend theory tion transactions units of clothing units of food unskilled utility wage changes wage increase wage rate welfare women
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Rights at Work: Employment Relations in the Post-Union Era
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