Labor economics : introduction to classic and the new labor economics

XXVII, 899, [190] S.

zahlr. graph. Darst.

24 cm

Includes bibliographical references and index

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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.

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