The second edition of this well-received text blends coverage of traditional topics with modern theory and developments into a superb text by one of our top Labor Economists. The author's current experience at the Kennedy School of Government allows him to incorporate new policy examples and a leaner presentation of the theory.
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age-earnings profile allocate American Economic Review black workers budget line compensation contract contract curve correlation David Card decline discrimination dollars earnings efficiency wage employers equals equilibrium estimate evidence firm hires firm's high school higher household human capital illustrated in Figure immigrants impact implies income effect indifference curve input isocost isoprofit curve isoquant Jacob Mincer Journal of Economics Journal of Labor Journal of Political labor demand curve Labor Economics labor force participation labor market Labor Relations Review labor supply curve leisure marginal cost marginal product migration minimum wage native nonunion number of workers particular percent persons present value profits rate of return reduces relative result retirement risky job sector shifts slope Statistics studies substitution effect supply curve Suppose typically unemployed unemployment rate union wage utility value of marginal wage differential wage gap wage increase wage rate wages and employment white workers women