Modern Labor Economics: Theory and Public Policy

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Routledge, Jul 31, 2017 - Business & Economics - 752 pages
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Modern Labor Economics: Theory and Public Policy, now in its thirteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels.

It offers a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action.

Experienced educators for nearly four decades, co-authors Ehrenberg and Smith believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. As such, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market.

This new edition continues to offer:

  • a balance of relevant, contemporary examples;
  • coverage of the current economic climate;
  • introduction to basic methodological techniques and problems;
  • tools for review and further study.

In addition to providing updated data and examples throughout, the thirteenth edition offers greater coverage of inequality, healthcare policy, and labor-replacing technologies. The text is also supported by a full range of companion online materials.


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Contents Preface
The Labor Market
2 Are We Too Lazy
Plan of the Text
Selected Readings
Overview of the Labor Market
1 Real Wages across
Labor Demand Elasticities
The Decision to Work
Household Production the Family and the Life Cycle
Compensating Wage Differentials and Labor Markets
Education and Training
Migration Immigration and Turnover
Wage Determination Within the Firm

The Demand for Labor
Applications of the Theory
Review Questions
Selected Readings
The ShortRun Demand for Labor When Both
The Demand for Labor in Competitive
Labor Demand When the Product Market
Review Questions
Gender Race and Ethnicity in the Labor Market
Unions and the Labor Market
Inequality in Earnings
The LaborMarket Effects of International Trade and Production Sharing
Answers to OddNumbered Review Questions
Name Index
Subject Index

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About the author (2017)

Ronald G. Ehrenberg is the Irving M. Ives Professor of Industrial and Labor Relations and Economics at Cornell University, USA.

Robert S. Smith is the Associate Dean for Academic Affairs in the School of Industrial and Labor Relations at Cornell University, USA.

Bibliographic information