Labor economics
Subtitle: introduction to classic and the new labor economics
By: Derek Laing
Edition: 1st ed.
Publisher: W.W. Norton & Co.
Published: 2011
Place of publication: New York
Language: eng
Number of pages: 899
ISBN-13: 9780393979527
Subjects: Labor economics
Notes: Includes bibliographical references and indexes.
Table of contents: title: Machine generated contents note: ch. 1 Introduction; title: 1.1.Methodology; title: 1.2.The Supply and Demand Framework; title: 1.3.Applications: Supply and Demand Shocks; title: 1.4.Elements of Microeconomics; title: ch. 2 The U.S. Labor Market; title: 2.1.Core Concepts I: Populations; title: 2.2.Core Concepts II: Labor Costs; title: 2.3.Core Concepts III: Empirical Aspects of the U.S. Labor Market; title: ch. 3 The Short-Run Demand for Labor; title: 3.1.The Neoclassical Labor-Demand Model; title: 3.2.The Constraints; title: 3.3.Perfect Competition and Monopoly Power; title: 3.4.Monopsony; title: Technical Appendix 3.A Mathematical Derivations; title: ch. 4 The Supply of Labor; title: 4.1.Preferences; title: 4.2.The Constraints; title: 4.3.The Optimal Choice I: Determination; title: 4.4.The Optimal Choice II: Properties; title: 4.5.The Empirical Evidence; title: Appendix 4.A The Supply of Labor: A Mathematical Approach; title: ch. 5 Human Capital; title: 5.1.Human Capital: An Overview; title: 5.2.The Individual Investment Decision; title: 5.3.The Level of Human Capital Investments; title: 5.4.Extensions; title: 5.5.The Return to Investments in Human Capital; title: Appendix 5.A Econometric Obstacles and Remedies; title: ch. 6 On-the-Job Training; title: 6.1.Overview; title: 6.2.The Theory of General and Specific Training; title: 6.3.The Specifics of Specific Human Capital; title: 6.4.The OJT Model: The Evidence; title: Appendix 6A Do Wages Rise with Seniority?; title: ch. 7 Competitive Equilibrium; title: 7.1.Competitive Equilibrium; title: 7.2.Policy Applications; title: 7.3.Compensating Wage Differentials; title: 7.4.Fringe Benefits; title: ch. 8 Policy Application: The Minimum Wage; title: 8.1.From Perfect Competition to Monopsony; title: 8.2.Offsets, Inequality, and Education; title: 8.3.The Minimum Wage: The U.S. Experience; title: ch. 9 Policy Application: The War on Poverty; title: 9.1.The Battlefield: Poverty in the United States; title: 9.2.The Armory; title: 9.3.The Economic Consequences of Five Major Policy Weapons; title: 9.4.The Battle Is Joined: Welfare Reforms; title: ch. 10 Death and Injury in the U.S. Workplace: A Hedonic Analysis; title: 10.1.The Hedonic Framework I: Building Blocks; title: 10.2.The Hedonic Framework II: Equilibrium; title: 10.3.Death and Cost-Benefit Analysis; title: 10.4.Policy Application: OSHA; title: 10.5.Policy Application: Workers' Compensation; title: ch. 11 Discrimination I: Theory; title: 11.1.Discrimination: An Overview; title: 11.2.Employer Discrimination; title: 11.3.Coworker Discrimination; title: 11.4.Consumer Discrimination; title: 11.5.The Modern Theory of Discrimination; title: ch. 12 Discrimination II: Evidence and Policy; title: 12.1.Measuring Discrimination; title: 12.2.Race; title: 12.3.Gender; title: 12.4.Public Policy; title: 12.5.Antidiscrimination Policies: The Evidence; title: Appendix 12.A Estimation Difficulties; title: Appendix 12.B Occupational Crowding; title: ch. 13 The Hiring Process; title: 13.1.The Economics of Hiring; title: 13.2.Public Information (The Roy Model); title: 13.3.Asymmetric Information I: Signaling; title: 13.4.Asymmetric Information II: Screening; title: 13.5.Symmetric Information; title: Appendix 13.A The Theory of Job Market Signaling; title: ch. 14 Incentives; title: 14.1.Incentives: An Overview; title: 14.2.Risk Sharing and Incentives; title: 14.3.Extensions of the Principal, Agent Framework; title: 14.4.The "You Get What You Pay For" Principle; title: 14.5.Tournaments; title: Appendix 14.A Risk Sharing and Incentives; title: Appendix 14.B Relative Performance Pay; title: Appendix 14.C Multitasking: The Root Cause of the "You Get What You Pay for" Principle; title: ch. 15 Tasks, Technologies, and Organizational Design; title: 15.1.Task Assignments; title: 15.2.Organizational Design; title: 15.3.Human-Resource Management; title: 15.4.Hierarchies; title: ch. 16 Careers and the Employment Relation; title: 16.1.Internal Labor Markets; title: 16.2.Careers I: Investments; title: 16.3.Careers II: Payments Over Time; title: 16.4.Careers III: The Employment Relationship; title: Appendix 16.A Ability Shocks and Insurance; title: Appendix 16.B A Model of the Rat Race; title: Appendix 16.C Implicit or Relational Contracts; title: Appendix 16.D The Waldman Model; title: ch. 17 Executive Pay; title: 17.1.The Evidence; title: 17.2.The Theory of Executive Pay; title: ch. 18 Trade Unions I: Density and Impact; title: 18.1.Evidence and Institutional Background; title: 18.2.Union Coverage; title: 18.3.The Economic Impact of Trade Unions; title: ch. 19 Earnings I: The Wage Structure; title: 19.1.The Distribution of Earnings; title: 19.2.Superstars; title: 19.3.Earnings Inequality: The Evidence; title: 19.4.Explaining the Evidence of Inequality; title: 19.5.Institutional Factors and the SDI Framework; title: ch. 20 Labor Mobility I: Migration; title: 20.1.The Individual Migration Decision; title: 20.2.Topics: Risk, Repeat and Return Migration, and Tied Moves; title: 20.3.Regional Migration; title: 20.4.Rural-Urban Migration; title: ch. 21 Labor Mobility II: Immigration and Outsourcing; title: 21.1.Immigration and Outsourcing: The Evidence; title: 21.2.Immigration: Labor-Market Effects; title: 21.3.The Assimilation of Immigrants; title: 21.4.Illegal Immigration; title: 21.5.Outsourcing; title: ch. 22 Unemployment I: Contractual Frictions; title: 22.1.Unemployment: Concepts, Measurement, and the U.S. Experience; title: 22.2.The Theory of Unemployment; title: 22.3.Efficiency Wage Models; title: 22.4.Other Models of Unemployment; title: 22.5.Wage Rigidity: The Empirical Evidence; title: Appendix 22.A Implicit Contracts; title: ch. 23 Unemployment II: Market Frictions; title: 23.1.The Flow Approach to Labor Markets; title: 23.2.Worker and Job Flows: The Evidence; title: 23.3.The Stock-Flow Approach: Steady-State Unemployment; title: 23.4.Matching; title: 23.5.Job Destruction; title: ch. 24 Turnover I: Job Search and Accessions; title: 24.1.Search Activity; title: 24.2.Extensions of the Simple Search Model; title: 24.3.Wage Determination; title: 24.4.Accessions: Search Models; title: Appendix 24.A The Reservation Wage; title: ch. 25 Turnover II: Quits and Layoffs; title: 25.1.Turnover: Evidence and Interpretation; title: 25.2.Efficient Separations; title: 25.3.Displaced Workers: The Evidence; title: 25.4.Displaced Workers: Theory; title: 25.5.Easing the Burden of Worker Displacements; title: Appendix A Econometric Methods; title: A.1.Linear Regression; title: A.2.Hypothesis Testing and the Goodness of Fit; title: A.3.Problems and Pitfalls; title: A.4.Categories of Economic Data; title: Appendix B Proportions, Percentages, and Elasticities; title: B.1.Proportionate and Percentage Changes; title: B.2.Elasticities; title: Appendix C Present Values and Discounted Utilities; title: C.1.Present Values; title: C.2.Payment Streams; title: C.3.Discounted Utilities; title: Appendix D Decision Making under Uncertainty; title: D.1.The Expected Utility Hypothesis; title: D.2.Attitudes Toward Risk; title: D.3.The Insurance Business.