1. The problem labour monopoly might solve -- 2. The fall and rise of labour monopoly theory -- 3. How a wage bill hill creates a wage rate floor -- 4. Why the floor will fluctuate -- 5. How bargaining may build a ceiling instead of a floor -- 6. How foresight may (and may not) defeat the floor...

I Einführung -- 1 Der Arbeitsmarkt im Überblick: Fragen an die Arbeitsmarktökonomik -- II Die Entscheidung der privaten Haushalte über die optimale Zeitallokation -- 2 Das Arbeitsangebot -- 3 Investitionen in das Humankapital -- III Die Firmenentscheidung über den optimalen Arbeitseinsatz...

Equilibrium models of labor markets characterized by search and recruiting friction and by the need to reallocate workers from time to time across alternative productive activities represent the segment of the research frontier explored in this chapter. In this literature, unemployment spell and...

The basic message of this book is that the labor market can be usefully interpreted as a confrontation of workers who have heterogeneous capabilities and tastes with jobs that are heterogeneous in the potential productivity of given individual capability endowments. On the demand side the model...

Few periods in history compare to the Great Depression. Stock market crashes, bread lines, bank runs, and wild currency speculation were worldwide phenomena--all occurring with war looming in the background. This period has provided economists with a marvelous laboratory for studying the links...