Labor economics :

By: Laing, DerekMaterial type: TextTextPublication details: New York : W.W. Norton & Co., c2011Edition: 1st edDescription: xxvii, 899, [191] p. : illISBN: 9780393979527 (hbk.); 0393979520 (hbk.)Subject(s): Labor economicsDDC classification: 331
Contents:
Machine generated contents note: ch. 1 Introduction -- 1.1.Methodology -- 1.2.The Supply and Demand Framework -- 1.3.Applications: Supply and Demand Shocks -- 1.4.Elements of Microeconomics -- ch. 2 The U.S. Labor Market -- 2.1.Core Concepts I: Populations -- 2.2.Core Concepts II: Labor Costs -- 2.3.Core Concepts III: Empirical Aspects of the U.S. Labor Market -- ch. 3 The Short-Run Demand for Labor -- 3.1.The Neoclassical Labor-Demand Model -- 3.2.The Constraints -- 3.3.Perfect Competition and Monopoly Power -- 3.4.Monopsony -- Technical Appendix 3.A Mathematical Derivations -- ch. 4 The Supply of Labor -- 4.1.Preferences -- 4.2.The Constraints -- 4.3.The Optimal Choice I: Determination -- 4.4.The Optimal Choice II: Properties -- 4.5.The Empirical Evidence -- Appendix 4.A The Supply of Labor: A Mathematical Approach -- ch. 5 Human Capital -- 5.1.Human Capital: An Overview -- 5.2.The Individual Investment Decision -- 5.3.The Level of Human Capital Investments -- 5.4.Extensions -- 5.5.The Return to Investments in Human Capital -- Appendix 5.A Econometric Obstacles and Remedies -- ch. 6 On-the-Job Training -- 6.1.Overview -- 6.2.The Theory of General and Specific Training -- 6.3.The Specifics of Specific Human Capital -- 6.4.The OJT Model: The Evidence -- Appendix 6A Do Wages Rise with Seniority? -- ch. 7 Competitive Equilibrium -- 7.1.Competitive Equilibrium -- 7.2.Policy Applications -- 7.3.Compensating Wage Differentials -- 7.4.Fringe Benefits -- ch. 8 Policy Application: The Minimum Wage -- 8.1.From Perfect Competition to Monopsony -- 8.2.Offsets, Inequality, and Education -- 8.3.The Minimum Wage: The U.S. Experience -- ch. 9 Policy Application: The War on Poverty -- 9.1.The Battlefield: Poverty in the United States -- 9.2.The Armory -- 9.3.The Economic Consequences of Five Major Policy Weapons -- 9.4.The Battle Is Joined: Welfare Reforms -- ch. 10 Death and Injury in the U.S. Workplace: A Hedonic Analysis -- 10.1.The Hedonic Framework I: Building Blocks -- 10.2.The Hedonic Framework II: Equilibrium -- 10.3.Death and Cost-Benefit Analysis -- 10.4.Policy Application: OSHA -- 10.5.Policy Application: Workers' Compensation -- ch. 11 Discrimination I: Theory -- 11.1.Discrimination: An Overview -- 11.2.Employer Discrimination -- 11.3.Coworker Discrimination -- 11.4.Consumer Discrimination -- 11.5.The Modern Theory of Discrimination -- ch. 12 Discrimination II: Evidence and Policy -- 12.1.Measuring Discrimination -- 12.2.Race -- 12.3.Gender -- 12.4.Public Policy -- 12.5.Antidiscrimination Policies: The Evidence -- Appendix 12.A Estimation Difficulties -- Appendix 12.B Occupational Crowding -- ch. 13 The Hiring Process -- 13.1.The Economics of Hiring -- 13.2.Public Information (The Roy Model) -- 13.3.Asymmetric Information I: Signaling -- 13.4.Asymmetric Information II: Screening -- 13.5.Symmetric Information -- Appendix 13.A The Theory of Job Market Signaling -- ch. 14 Incentives -- 14.1.Incentives: An Overview -- 14.2.Risk Sharing and Incentives -- 14.3.Extensions of the Principal, Agent Framework -- 14.4.The "You Get What You Pay For" Principle -- 14.5.Tournaments -- Appendix 14.A Risk Sharing and Incentives -- Appendix 14.B Relative Performance Pay -- Appendix 14.C Multitasking: The Root Cause of the "You Get What You Pay for" Principle -- ch. 15 Tasks, Technologies, and Organizational Design -- 15.1.Task Assignments -- 15.2.Organizational Design -- 15.3.Human-Resource Management -- 15.4.Hierarchies -- ch. 16 Careers and the Employment Relation -- 16.1.Internal Labor Markets -- 16.2.Careers I: Investments -- 16.3.Careers II: Payments Over Time -- 16.4.Careers III: The Employment Relationship -- Appendix 16.A Ability Shocks and Insurance -- Appendix 16.B A Model of the Rat Race -- Appendix 16.C Implicit or Relational Contracts -- Appendix 16.D The Waldman Model -- ch. 17 Executive Pay -- 17.1.The Evidence -- 17.2.The Theory of Executive Pay -- ch. 18 Trade Unions I: Density and Impact -- 18.1.Evidence and Institutional Background -- 18.2.Union Coverage -- 18.3.The Economic Impact of Trade Unions -- ch. 19 Earnings I: The Wage Structure -- 19.1.The Distribution of Earnings -- 19.2.Superstars -- 19.3.Earnings Inequality: The Evidence -- 19.4.Explaining the Evidence of Inequality -- 19.5.Institutional Factors and the SDI Framework -- ch. 20 Labor Mobility I: Migration -- 20.1.The Individual Migration Decision -- 20.2.Topics: Risk, Repeat and Return Migration, and Tied Moves -- 20.3.Regional Migration -- 20.4.Rural-Urban Migration -- ch. 21 Labor Mobility II: Immigration and Outsourcing -- 21.1.Immigration and Outsourcing: The Evidence -- 21.2.Immigration: Labor-Market Effects -- 21.3.The Assimilation of Immigrants -- 21.4.Illegal Immigration -- 21.5.Outsourcing -- ch. 22 Unemployment I: Contractual Frictions -- 22.1.Unemployment: Concepts, Measurement, and the U.S. Experience -- 22.2.The Theory of Unemployment -- 22.3.Efficiency Wage Models -- 22.4.Other Models of Unemployment -- 22.5.Wage Rigidity: The Empirical Evidence -- Appendix 22.A Implicit Contracts -- ch. 23 Unemployment II: Market Frictions -- 23.1.The Flow Approach to Labor Markets -- 23.2.Worker and Job Flows: The Evidence -- 23.3.The Stock-Flow Approach: Steady-State Unemployment -- 23.4.Matching -- 23.5.Job Destruction -- ch. 24 Turnover I: Job Search and Accessions -- 24.1.Search Activity -- 24.2.Extensions of the Simple Search Model -- 24.3.Wage Determination -- 24.4.Accessions: Search Models -- Appendix 24.A The Reservation Wage -- ch. 25 Turnover II: Quits and Layoffs -- 25.1.Turnover: Evidence and Interpretation -- 25.2.Efficient Separations -- 25.3.Displaced Workers: The Evidence -- 25.4.Displaced Workers: Theory -- 25.5.Easing the Burden of Worker Displacements -- Appendix A Econometric Methods -- A.1.Linear Regression -- A.2.Hypothesis Testing and the Goodness of Fit -- A.3.Problems and Pitfalls -- A.4.Categories of Economic Data -- Appendix B Proportions, Percentages, and Elasticities -- B.1.Proportionate and Percentage Changes -- B.2.Elasticities -- Appendix C Present Values and Discounted Utilities -- C.1.Present Values -- C.2.Payment Streams -- C.3.Discounted Utilities -- Appendix D Decision Making under Uncertainty -- D.1.The Expected Utility Hypothesis -- D.2.Attitudes Toward Risk -- D.3.The Insurance Business.
Summary: The first text in Labor Economics to systematically cover both classic labor economics and "the new labor economics," which includes topics like job design, incentives, and modern Human Resources issues.
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Machine generated contents note: ch. 1 Introduction -- 1.1.Methodology -- 1.2.The Supply and Demand Framework -- 1.3.Applications: Supply and Demand Shocks -- 1.4.Elements of Microeconomics -- ch. 2 The U.S. Labor Market -- 2.1.Core Concepts I: Populations -- 2.2.Core Concepts II: Labor Costs -- 2.3.Core Concepts III: Empirical Aspects of the U.S. Labor Market -- ch. 3 The Short-Run Demand for Labor -- 3.1.The Neoclassical Labor-Demand Model -- 3.2.The Constraints -- 3.3.Perfect Competition and Monopoly Power -- 3.4.Monopsony -- Technical Appendix 3.A Mathematical Derivations -- ch. 4 The Supply of Labor -- 4.1.Preferences -- 4.2.The Constraints -- 4.3.The Optimal Choice I: Determination -- 4.4.The Optimal Choice II: Properties -- 4.5.The Empirical Evidence -- Appendix 4.A The Supply of Labor: A Mathematical Approach -- ch. 5 Human Capital -- 5.1.Human Capital: An Overview -- 5.2.The Individual Investment Decision -- 5.3.The Level of Human Capital Investments -- 5.4.Extensions -- 5.5.The Return to Investments in Human Capital -- Appendix 5.A Econometric Obstacles and Remedies -- ch. 6 On-the-Job Training -- 6.1.Overview -- 6.2.The Theory of General and Specific Training -- 6.3.The Specifics of Specific Human Capital -- 6.4.The OJT Model: The Evidence -- Appendix 6A Do Wages Rise with Seniority? -- ch. 7 Competitive Equilibrium -- 7.1.Competitive Equilibrium -- 7.2.Policy Applications -- 7.3.Compensating Wage Differentials -- 7.4.Fringe Benefits -- ch. 8 Policy Application: The Minimum Wage -- 8.1.From Perfect Competition to Monopsony -- 8.2.Offsets, Inequality, and Education -- 8.3.The Minimum Wage: The U.S. Experience -- ch. 9 Policy Application: The War on Poverty -- 9.1.The Battlefield: Poverty in the United States -- 9.2.The Armory -- 9.3.The Economic Consequences of Five Major Policy Weapons -- 9.4.The Battle Is Joined: Welfare Reforms -- ch. 10 Death and Injury in the U.S. Workplace: A Hedonic Analysis -- 10.1.The Hedonic Framework I: Building Blocks -- 10.2.The Hedonic Framework II: Equilibrium -- 10.3.Death and Cost-Benefit Analysis -- 10.4.Policy Application: OSHA -- 10.5.Policy Application: Workers' Compensation -- ch. 11 Discrimination I: Theory -- 11.1.Discrimination: An Overview -- 11.2.Employer Discrimination -- 11.3.Coworker Discrimination -- 11.4.Consumer Discrimination -- 11.5.The Modern Theory of Discrimination -- ch. 12 Discrimination II: Evidence and Policy -- 12.1.Measuring Discrimination -- 12.2.Race -- 12.3.Gender -- 12.4.Public Policy -- 12.5.Antidiscrimination Policies: The Evidence -- Appendix 12.A Estimation Difficulties -- Appendix 12.B Occupational Crowding -- ch. 13 The Hiring Process -- 13.1.The Economics of Hiring -- 13.2.Public Information (The Roy Model) -- 13.3.Asymmetric Information I: Signaling -- 13.4.Asymmetric Information II: Screening -- 13.5.Symmetric Information -- Appendix 13.A The Theory of Job Market Signaling -- ch. 14 Incentives -- 14.1.Incentives: An Overview -- 14.2.Risk Sharing and Incentives -- 14.3.Extensions of the Principal, Agent Framework -- 14.4.The "You Get What You Pay For" Principle -- 14.5.Tournaments -- Appendix 14.A Risk Sharing and Incentives -- Appendix 14.B Relative Performance Pay -- Appendix 14.C Multitasking: The Root Cause of the "You Get What You Pay for" Principle -- ch. 15 Tasks, Technologies, and Organizational Design -- 15.1.Task Assignments -- 15.2.Organizational Design -- 15.3.Human-Resource Management -- 15.4.Hierarchies -- ch. 16 Careers and the Employment Relation -- 16.1.Internal Labor Markets -- 16.2.Careers I: Investments -- 16.3.Careers II: Payments Over Time -- 16.4.Careers III: The Employment Relationship -- Appendix 16.A Ability Shocks and Insurance -- Appendix 16.B A Model of the Rat Race -- Appendix 16.C Implicit or Relational Contracts -- Appendix 16.D The Waldman Model -- ch. 17 Executive Pay -- 17.1.The Evidence -- 17.2.The Theory of Executive Pay -- ch. 18 Trade Unions I: Density and Impact -- 18.1.Evidence and Institutional Background -- 18.2.Union Coverage -- 18.3.The Economic Impact of Trade Unions -- ch. 19 Earnings I: The Wage Structure -- 19.1.The Distribution of Earnings -- 19.2.Superstars -- 19.3.Earnings Inequality: The Evidence -- 19.4.Explaining the Evidence of Inequality -- 19.5.Institutional Factors and the SDI Framework -- ch. 20 Labor Mobility I: Migration -- 20.1.The Individual Migration Decision -- 20.2.Topics: Risk, Repeat and Return Migration, and Tied Moves -- 20.3.Regional Migration -- 20.4.Rural-Urban Migration -- ch. 21 Labor Mobility II: Immigration and Outsourcing -- 21.1.Immigration and Outsourcing: The Evidence -- 21.2.Immigration: Labor-Market Effects -- 21.3.The Assimilation of Immigrants -- 21.4.Illegal Immigration -- 21.5.Outsourcing -- ch. 22 Unemployment I: Contractual Frictions -- 22.1.Unemployment: Concepts, Measurement, and the U.S. Experience -- 22.2.The Theory of Unemployment -- 22.3.Efficiency Wage Models -- 22.4.Other Models of Unemployment -- 22.5.Wage Rigidity: The Empirical Evidence -- Appendix 22.A Implicit Contracts -- ch. 23 Unemployment II: Market Frictions -- 23.1.The Flow Approach to Labor Markets -- 23.2.Worker and Job Flows: The Evidence -- 23.3.The Stock-Flow Approach: Steady-State Unemployment -- 23.4.Matching -- 23.5.Job Destruction -- ch. 24 Turnover I: Job Search and Accessions -- 24.1.Search Activity -- 24.2.Extensions of the Simple Search Model -- 24.3.Wage Determination -- 24.4.Accessions: Search Models -- Appendix 24.A The Reservation Wage -- ch. 25 Turnover II: Quits and Layoffs -- 25.1.Turnover: Evidence and Interpretation -- 25.2.Efficient Separations -- 25.3.Displaced Workers: The Evidence -- 25.4.Displaced Workers: Theory -- 25.5.Easing the Burden of Worker Displacements -- Appendix A Econometric Methods -- A.1.Linear Regression -- A.2.Hypothesis Testing and the Goodness of Fit -- A.3.Problems and Pitfalls -- A.4.Categories of Economic Data -- Appendix B Proportions, Percentages, and Elasticities -- B.1.Proportionate and Percentage Changes -- B.2.Elasticities -- Appendix C Present Values and Discounted Utilities -- C.1.Present Values -- C.2.Payment Streams -- C.3.Discounted Utilities -- Appendix D Decision Making under Uncertainty -- D.1.The Expected Utility Hypothesis -- D.2.Attitudes Toward Risk -- D.3.The Insurance Business.

The first text in Labor Economics to systematically cover both classic labor economics and "the new labor economics," which includes topics like job design, incentives, and modern Human Resources issues.

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