Labor Economics, 5e is a well-received text that blends coverage of traditional topics with modern theory and developments into a superb Labor Economics book. The Fifth Edition builds on the features and concepts that made the first four editions successful, updating and adding new content to keep the text on the cusp of recent events in the Labor Economics field. The new edition continues to be the most concise book in the market, enabling the instructor to teach all relevant material in a semester-long class. Despite the book's brevity, the instructor will find that all of the key topics in labor economics are efficiently covered in the Fifth Edition. Thanks to updated pedagogy, new end-of-chapter material, and even stronger instructor support, the Fifth Edition of Labor Economics remains one of the most relevant textbooks in the market.
48 pages matching efficiency wage in this book
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age-earnings profile allocate American Economic Review average benefits budget line compensating competitive correlation countries David Card discrimination dollars earnings efficiency wage elasticity employers equals equilibrium estimate evidence firm hires firm's force participation rate graduates high school higher household human capital immigrants impact implies income effect indifference curve industry input isocost isoprofit curve isoquant journal of Economics journal of Labor journal of Political labor demand curve Labor Economics labor force participation labor market labor supply curve leisure marginal cost marginal product migration minimum wage native number of workers payroll tax percent persons present value profits Quarterly journal rate of return reduces relative result return to schooling risky job sector shifts slope Statistics studies substitution effect supply curve Suppose typically unemployed unemployment rate union utility value of marginal wage differential wage gap wage increase wage rate wages and employment women