Fundamentals of Labor Economics, International Edition

2. Auflage 2013
ISBN: 978-1-285-09422-9
Verlag: Cengage Learning EMEA

Buch, Englisch, 528 Seiten, Format (B × H): 189 mm x 233 mm, Gewicht: 780 g

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Labor Economics, 2e, International Edition covers the essential aspects of modern labor economics from an international perspective, providing students with a comprehensive survey of economic theory and empirical evidence on purely competitive labor markets. In addition, the authors examine the impact of imperfect competition, incomplete information and uncertainty, and institutional factors-stemming from laws, unions, and human resource policies-on wages and employment opportunities.

Autoren/Hrsg.

Thornton, Robert

Johnes, Geraint

Hyclak, Thomas

Inhaltsverzeichnis

Preface.
CHAPTER 1.
The Study of Labor Economics. The Scope of Labor Economics. The Method of Labor Economics. Labor Market Theory. Labor Market Institutions. Empirical Analysis. Policy Analysis. International Comparisons. The Plan of This Book.
Appendix: Regression Analysis.
CHAPTER 2.
The Demand for Labor. THE WAY WE WORK: Labor Demand. The Production Function. The Marginal Product of Labor. The Short-Run Demand for Labor. The Short-Run Demand for Labor: An Example. Conditions for the MP to Represent Labor Demand. The Demand for Labor in Noncompetitive Product Markets. What Determines the Position of the Short-Run Demand for Labor? A Note on Exploitation. The Demand for Labor in the Long Run.
Appendix: Technological Change and Labor Demand
CHAPTER 3.
Topics in Labor Demand
Elasticities. The One-Wage Elasticity of Labor Demand. The Cross-Elasticity of Labor Demand. The Elasticity of Substitution. THE WAY WE WORK: The Case of the Vanishing Bank Teller. How Elastic Is the Demand for Labor? PUTTING THEORY TO WORK: Do Imports from Low-Wage Countries Reduce the Domestic Demand for Labor? Extensions and Embellishments of Marginal Productivity Theory. The Independence of Wages and Productivity. Fixed Costs of Employment. Are Workers Paid Their Marginal Product?
Appendix: A Test of the Marginal Productivity Theory: A Cobb-Douglas Exercise.
CHAPTER 4.
The Supply of Labor: Labor Force Participation. International Labor Force Participation. The Theory of Labor Force Participation for an Individual. The Theory of Labor Force Participation for Groups. Applications of the Theory. Young Workers. Older Male Workers, Women. Race and Residence.
CHAPTER 5.
The Supply of Labor: Hours of Work. The History of Working Hours. THE WAY WE WORK: The Good Old Days? Worker Preferences and Hours Worked. The Theory of Hours of Work for an Individual. Applications of the Theory. Variations on the Wage Line. THE WAY WE WORK: The Great Hours Debate. Welfare Programs and Labor Supply. Some Extensions of the Individual Model. Family Models. Life-Cycle Model. Empirical Evidence on Labor Supply Elasticities.
CHAPTER 6.
Human Capital Analysis. Some Background. Education and Age-Earnings Profiles. PUTTING THEORY TO WORK: The Age-Earnings Curve Again. Calculating the Returns to Education. The Net Present Value Approach. The Internal Rate of Return Approach. The Earnings Function Approach. THE WAY WE WORK: What Good Does a Degree Do? The Evidence. Bias in Rate of Return Estimates. Ability Bias. Selection Bias. Generic versus Specific Human Capital. PUTTING THEORY TO WORK: Forensic Economists and Valuing a Life. Externalities, Equity, and Subsidies. Human Capital and Mobility.
CHAPTER 7.
Labor Market Equilibrium. Equilibrium in a Single Labor Market. Supply-Demand Models. THE WAY WE WORK: A Strong Market for Economics PhDs in the United States. Empirical Evidence. Equilibrium across Different. Labor Markets. Supply Adjustments. Demand Adjustments. Compensating Differentials. Empirical Studies of Wage Differentials. Interregional Migration and Wage Convergence. AROUND THE WORLD: Labor Mobility in Europe. Compensating Differentials for Job Safety. PUTTING THEORY TO WORK: The Benefits and Costs of Smoking. International Trade and Relative Wages. The Relative Supply-Demand Model. Theories of Trade and Wages. Evidence on Trade and U.S. Wages. PUTTING THEORY TO WORK: U.S. Immigration Policy.
CHAPTER 8.
Information and Job Search. The Fixed Sample Search Model. The Sequential Search Model. An Example. A More Formal Model. PUTTING THEORY TO WORK: Search in the Laboratory. Refinements to the Model. Matching Models. Equilibrium Search Models. The Duration of Unemployment and the Hazard Function. AROUND THE WORLD: The Reservation Wage of Polish Job Seekers. Labor Mobility. Job Search Methods and Results. THE WAY WE WORK: Unemployment Benefits and Wage Offers.
CHAPTER 9.
Monopsony and Minimum Wages. Wage and Employment Determination under Conditions of Monop

Über Autor(innen)

Thornton, Robert
Robert Thornton is the MacFarlane Professor Emeritus of Economics at Lehigh University and an Associate Director of the Martindale Center for the Study of Private Enterprise. He has also served as chairman of Lehigh's Department of Economics. His research interests lie in the areas of labor economics (particularly unionism in the public sector, occupational licensing, and labor market discrimination) and forensic economics. He has taught courses in labor economics and statistics. He received his Ph.D. in Economics from the University of Illinois after having served as a research assistant at the Brookings Institution. He began his academic career at Lehigh in 1970 and has been a visiting research professor at the University of Sussex (UK) and University College Dublin (Ireland). He also serves as a private consultant in litigation involving personal injury, wrongful death, and discrimination.

Johnes, Geraint
Geraint Johnes is Professor of Economics at Lancaster University Management School. His research focuses on labor economics and the economics of education, with a particular interest in the efficiency of educational provision. His recent papers include work on the gig economy and on the future of the high street. From 2014-15 he was Director of the Work Foundation, a major London-based think-tank dealing in policy issues surrounding the labor market. Dr. Johnes earned his B.Sc. from Bath University and his M.Sc. and Ph.D. from Lancaster. Dr. Johnes has earned numerous professional awards and has been a visiting or guest professor at Dartmouth College, Lehigh University, Australian National University, Beijing Normal University, Oxford University, Cardiff University, and the University of Glasgow.

Hyclak, Thomas
Thomas Hyclak is Professor of Economics Emeritus. His research has involved empirical studies of the determinants of wage levels, unemployment, and earnings distributions with an emphasis on urban/regional labor markets and developments in Poland and other transition economies. Dr. Hyclak has also published several studies of the impact of human resource management innovations and industrial relations activities on the performance of workers and their organizations. Recent research projects include studies of the wage returns to foreign language proficiency and the effect of health improvements and increased life expectancy on economic growth. Dr. Hyclak earned his B.A. and M.A. from Cleveland State University and his Ph.D. from the University of Notre Dame and previously served as department chair and as interim dean for the College of Business and Economics.