Modern Labor Economics: Theory and Public PolicyProvides the core of economic theory (demand issues followed by supply issues) and then analyzes special topics, such as compensations, unions, discrimination and unemployment. The text's public policy orientation is supported by policy applications. |
Contents
Plan of the Text | 11 |
I | 14 |
OVERVIEW OF THE LABOR MARKET | 21 |
Copyright | |
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analysis average behavior budget constraint Chapter compensating wage differentials contract costs decisions decline demand curve demand for labor discrimination discussed earnings employed employee benefits estimated example expected factors Figure firm higher wages hiring household production human capital immigrants incentives income effect indifference curves individual industries investments isoprofit curve isoquants Jacob Mincer Journal Labor Economics labor force labor market labor supply layoffs leisure less males marginal product ment minimum wage negative income tax nonunion occupational offer Orley Ashenfelter output paid pension percent percentage period ployees prediction profits public sector quit rates real wage receive reduce relative retirement risk schooling shift skilled slope social studies substitution effect supply curve Suppose Table tend theory things equal tion trade-off unem unemployed unemployment rate union United unskilled utility W₁ wage increases wage rate women workers