Labor Economics
, by BORJAS
- ISBN: 9780073402826 | 0073402826
- Cover: Hardcover
- Copyright: 3/13/2007
Is your Labor Economics course covering the most up-to-date material? Let these updates to Borjas 4/e serve as a checklist for your course: New policy applications and descriptions of state-of-the-art research studies, New examples and applications involving labor markets or policy shifts outside of the U.S., New discussion on the impact of the surge in Internet job search activities by both firms and workers, A thorough rewriting and reorganization of the material on immigration, Updated discussion of changes in the U.S. wage structure, New analysis on the impact of welfare reform legislation on labor supply, New discussion on the experimental approach that some recent studies use to measure the amount of discrimination in the labor market. Book jacket.
George J. Borjas is the Robert W. Scrivner Professor of Economics and Social Policy at the John F. Kennedy School of Government, Harvard University.
| Introduction to Labor Economics | p. 1 |
| An Economic Story of the Labor Market | p. 2 |
| The Actors in the Labor Market | p. 3 |
| Why Do We Need a Theory? | p. 7 |
| The Organization of the Book | p. 10 |
| Summary | p. 11 |
| Key Concepts | p. 11 |
| Review Questions | p. 11 |
| Web Links | p. 12 |
| An Introduction to Regression Analysis | p. 12 |
| Labor Supply | p. 21 |
| Measuring the Labor Force | p. 22 |
| Basic Facts about Labor Supply | p. 24 |
| The Worker's Preferences | p. 27 |
| The Budget Constraint | p. 31 |
| The Hours of Work Decision | p. 33 |
| To Work or Not to Work? | p. 40 |
| The Labor Supply Curve | p. 42 |
| Estimates of the Labor Supply Elasticity | p. 45 |
| Labor Supply of Women | p. 50 |
| Policy Application: Welfare Programs and Work Incentives | p. 55 |
| Policy Application: The Earned Income Tax Credit | p. 61 |
| Theory at Work: Dollars and Dreams | p. 40 |
| Theory at Work: Winning the Lotto Will Change Your Life | p. 43 |
| Theory at Work: Work and Leisure in Europe and the United States | p. 48 |
| Theory at Work: The Laffer Curve | p. 51 |
| Theory at Work: Female Labor Supply and Economic Development | p. 54 |
| Summary | p. 65 |
| Key Concepts | p. 66 |
| Review Questions | p. 66 |
| Problems | p. 66 |
| Selected Readings | p. 68 |
| Web Links | p. 68 |
| Topics in Labor Supply | p. 69 |
| Labor Supply over the Life Cycle | p. 70 |
| Labor Supply over the Business Cycle | p. 75 |
| Retirement | p. 78 |
| Policy Application: The Decline in Work Attachment among Older Workers | p. 82 |
| Household Production | p. 88 |
| Fertility | p. 94 |
| Theory at Work: Cabbies in New York City | p. 75 |
| Theory at Work: The Notch Babies | p. 83 |
| Theory at Work: Poor Relief and Fertility | p. 95 |
| Theory at Work: Not-So-Fast Times at Ridgemont High | p. 100 |
| Summary | p. 100 |
| Key Concepts | p. 101 |
| Review Questions | p. 103 |
| Problems | p. 101 |
| Selected Readings | p. 103 |
| Web Links | p. 104 |
| Labor Demand | p. 105 |
| The Production Function | p. 106 |
| The Employment Decision in the Short Run | p. 109 |
| The Employment Decision in the Long Run | p. 115 |
| The Long-Run Demand Curve for Labor | p. 119 |
| The Elasticity of Substitution | p. 126 |
| Policy Application: Affirmative Action and Production Costs | p. 127 |
| Marshall's Rules of Derived Demand | p. 130 |
| Factor Demand with Many Inputs | p. 133 |
| Overview of Labor Market Equilibrium | p. 135 |
| Policy Application: The Employment Effects of Minimum Wages 13 4-11 Adjustment Costs and Labor Demand | p. 147 |
| Rosie the Riveter as an Instrumental Variable | p. 154 |
| Theory at Work: California's Overtime Regulations and Labor Demand | p. 125 |
| Theory at Work: The Minimum Wage and Puerto Rican Migration | p. 145 |
| Theory at Work: Work-Sharing in Germany | p. 152 |
| Summary | p. 159 |
| Key Concepts | p. 159 |
| Review Questions | p. 160 |
| Problems | p. 160 |
| Selected Readings | p. 162 |
| Web Links | p. 162 |
| Labor Market Equilibrium | p. 163 |
| Equilibrium in a Single Competitive Labor Market | p. 164 |
| Competitive Equilibrium across Labor Markets | p. 166 |
| Policy Application: Payroll Taxes and Subsidies | p. 171 |
| Policy Application: Payroll Taxes versus Mandated Benefits | p. 178 |
| Policy Application: The Labor Market Impact of Immigration | p. 181 |
| The Economic Benefits from Immigration | p. 193 |
| The Cobweb Model | p. 196 |
| Noncompetitive Labor Markets: Monopsony | p. 199 |
| Noncompetitive Labor Markets: Monopoly | p. 205 |
| Theory at Work: The Intifadah and Palestinian Wages | p. 165 |
| Theory at Work: The Clinton Health Care Program | p. 175 |
| Theory at Work: The Great Black Migration | p. 194 |
| Summary | p. 207 |
| Key Concepts | p. 208 |
| Review Questions | p. 208 |
| Problems | p. 209 |
| Selected Readings | p. 211 |
| Web Links | p. 212 |
| Compensating Wage Differentials | p. 213 |
| The Market for Risky Jobs | p. 214 |
| The Hedonic Wage Function | p. 220 |
| Policy Application: How Much Is a Life Worth? | p. 224 |
| Policy Application: Safety and Health Regulations | p. 227 |
| Compensating Differentials and Job Amenities | p. 230 |
| Policy Application: Health Insurance and the Labor Market | p. 235 |
| Theory at Work: The Value of Life on the Interstate | p. 226 |
| Theory at Work: Workers' Compensation May Be Hazardous to Your Health | p. 230 |
| Summary | p. 238 |
| Key Concepts | p. 238 |
| Review Questions | p. 239 |
| Problems | p. 239 |
| Selected Readings | p. 242 |
| Web Links | p. 242 |
| Human Capital | p. 243 |
| Education in the Labor Market: Some Stylized Facts | p. 244 |
| Present Value | p. 246 |
| The Schooling Model | p. 246 |
| Education and Earnings | p. 253 |
| Estimating the Rate of Return to Schooling | p. 257 |
| Policy Application: School Construction in Indonesia | p. 260 |
| Policy Application: School Quality and Earnings | p. 261 |
| Do Workers Maximize Lifetime Earnings? | p. 265 |
| Schooling as a Signal | p. 268 |
| Post-School Human Capital Investments | p. 274 |
| On-the-Job Training | p. 275 |
| On-the-Job Training and the Age-Earnings Profile | p. 279 |
| Policy Application: Evaluating Government Training Programs | p. 284 |
| Theory at Work: Can We Afford to Improve the Skills of High School Dropouts? | p. 262 |
| Theory at Work: Is the GED Better Than Nothing? | p. 273 |
| Theory at Work: Earnings and Substance Abuse | p. 283 |
| Summary | p. 287 |
| Key Concepts | p. 288 |
| Review Questions | p. 288 |
| Problems | p. 289 |
| Selected Readings | p. 291 |
| Web Links | p. 292 |
| The Wage Structure | p. 293 |
| The Earnings Distribution | p. 294 |
| Measuring Inequality | p. 296 |
| The Wage Structure: Basic Facts | p. 299 |
| Policy Application: Why Did Wage Inequality Increase? | p. 302 |
| The Earnings of Superstars | p. 311 |
| Inequality across Generations | p. 314 |
| Theory at Work: Computers, Pencils, and the Wage Structure | p. 308 |
| Theory at Work: Rock Superstars | p. 313 |
| Summary | p. 317 |
| Key Concepts | p. 317 |
| Review Questions | p. 317 |
| Problems | p. 318 |
| Selected Readings | p. 320 |
| Web Links | p. 320 |
| Labor Mobility | p. 321 |
| Geographic Migration as a Human Capital Investment | p. 322 |
| Internal Migration in the United States | p. 323 |
| Family Migration | p. 329 |
| Immigration in the United States | p. 332 |
| Immigrant Performance in the U.S. Labor Market | p. 334 |
| The Decision to Immigrate | p. 340 |
| Policy Application: Intergenerational Mobility of Immigrants | p. 346 |
| Job Turnover: Facts | p. 351 |
| The Job Match | p. 354 |
| Specific Training and Job Turnover | p. 356 |
| Job Turnover and the Age-Earnings Profile | p. 358 |
| Theory at Work: Migration and EU Expansion | p. 328 |
| Theory at Work: Power Couples | p. 332 |
| Theory at Work: Visas Available (If You Pass a Test or Pay Up!) 344 Theory at Work: Hey Dad, My Roommate Is So Smart, I Got a 4.0 GPA | p. 350 |
| Theory at Work: Health Insurance and Job-Lock | p. 355 |
| Summary | p. 360 |
| Key Concepts | p. 361 |
| Review Questions | p. 361 |
| Problems | p. 362 |
| Selected Readings | p. 364 |
| Web Links | p. 364 |
| Labor Market Discrimination | p. 365 |
| Race and Gender in the Labor Market | p. 366 |
| The Discrimination Coefficient | p. 367 |
| Employer Discrimination | p. 368 |
| Employee Discrimination | p. 375 |
| Customer Discrimination | p. 376 |
| Statistical Discrimination | p. 378 |
| Experimental Evidence on Discrimination | p. 382 |
| Measuring Discrimination | p. 385 |
| Policy Application: Determinants of the Black-White Wage Ratio | p. 388 |
| Discrimination against Other Groups | p. 395 |
| Policy Application: Determinants of the Female-Male Wage Ratio | p. 397 |
| Theory at Work: Beauty and the Beast | p. 375 |
| Theory at Work: Customer Discrimination and the NBA | p. 379 |
| Theory at Work: Discrimination on the Weakest Link | p. 383 |
| Theory at Work: Shades of Black | p. 395 |
| Theory at Work: Orchestrating Impartiality | p. 400 |
| Summary | p. 405 |
| Key Concepts | p. 405 |
| Review Questions | p. 405 |
| Problems | p. 406 |
| Selected Readings | p. 409 |
| Web Links | p. 409 |
| Labor Unions | p. 410 |
| Unions: Background and Facts | p. 411 |
| Determinants of Union Membership | p. 415 |
| Monopoly Unions | p. 421 |
| Policy Application: Unions and Resource Allocation | p. 423 |
| Efficient Bargaining | p. 425 |
| Strikes | p. 431 |
| Union Wage Effects | p. 437 |
| The Exit-Voice Hypothesis | p. 443 |
| Policy Application: Public-Sector Unions | p. 445 |
| Theory at Work: The Rise and Fall of PATCO | p. 420 |
| Theory at Work: The Cost of Labor Disputes | p. 434 |
| Theory at Work: Airline Deregulation and the Wages of Airline Mechanics | p. 443 |
| Theory at Work: Lawyers and Arbitration | p. 447 |
| Summary | p. 448 |
| Key Concepts | p. 449 |
| Review Questions | p. 449 |
| Problems | p. 450 |
| Selected Readings | p. 452 |
| Web Links | p. 452 |
| Incentive Pay | p. 453 |
| Piece Rates and Time Rates | p. 454 |
| Tournaments | p. 461 |
| Policy Application: The Compensation of Executives | p. 466 |
| Work Incentives and Delayed Compensation | p. 469 |
| Efficiency Wages | p. 473 |
| Theory at Work: Windshields by the Piece | p. 458 |
| Theory at Work: Incentive Pay Gets You to LAX on Time | p. 462 |
| Theory at Work: Playing Hard for the Money | p. 465 |
| Theory at Work: Did Henry Ford Pay Efficiency Wages? | p. 477 |
| Summary | p. 482 |
| Key Concepts | p. 482 |
| Review Questions | p. 482 |
| Problems | p. 483 |
| Selected Readings | p. 485 |
| Web Links | p. 485 |
| Unemployment | p. 486 |
| Unemployment in the United States | p. 487 |
| Types of Unemployment | p. 493 |
| The Steady-State Rate of Unemployment | p. 494 |
| Job Search | p. 496 |
| Policy Application: Unemployment Compensation | p. 503 |
| The Intertemporal Substitution Hypothesis | p. 510 |
| The Sectoral Shifts Hypothesis | p. 512 |
| Efficiency Wages | p. 513 |
| Implicit Contracts | p. 517 |
| Policy Application: The Phillips Curve | p. 518 |
| Policy Application: Why Does Europe Have High Unemployment? | p. 523 |
| Theory at Work: Jobs and Friends | p. 497 |
| Theory at Work: Cash Bonuses and Unemployment | p. 505 |
| Theory at Work: The Benefits of UI | p. 510 |
| Summary | p. 525 |
| Key Concepts | p. 526 |
| Review Questions | p. 526 |
| Problems | p. 527 |
| Selected Readings | p. 529 |
| Web Links | p. 530 |
| Indexes | p. 531 |
| Name Index | p. 531 |
| Subject Index | p. 536 |
| Table of Contents provided by Ingram. All Rights Reserved. |
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