George Borjas’ well-received text blends coverage of traditional topics with modern theory and developments into a superb Labor economics book. His integration of theory with facts and coverage of latest research make his book one of the most popular at the middle and upper end of the market.
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2 Labor Supply
Topics in Labor Supply
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age-earnings profile allocate American Economic Review average benefits black workers budget line compensating competitive correlation David Card discrimination dollars earnings efficiency wage employers equilibrium estimate evidence firm hires firm's force participation rate groups 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 marginal cost marginal product migration minimum wage native number of workers payroll tax percent persons present value profits Quarterly journal rate of return reduces relatively retirement 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 white workers women