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Contemporary labor economics

Author: McConnell, Campbell R. ; Brue, Stanley L. ; Macpherson, David A.Publisher: McGraw-Hill, 2006. ; Irwin, 2006.Edition: 7th ed.Language: EnglishDescription: 624 p. : Graphs ; 24 cm.ISBN: 0072978600Type of document: BookBibliography/Index: Includes bibliographical references and index and glossary
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Book Europe Campus
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Print HD4901 .M15 2006
(Browse shelf)
Available 001235435
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Includes bibliographical references and index and glossary


Contemporary Labor Economics Contents Preface iv Chapter I Labor Economics: Introduction and Overview 1 Labor Economics as a Discipline 1 The "Old" and the "New" 3 Economic Perspective 4 World of Work 1.1: Gary Becker: Nobel Laureate 6 Overview 6 World of Work 1.2: Lotto Winners: Who Quit? 10 Payoffs 11 Chapter 2 The Theory of Individual Labor Supply 14 The Work­Leisure Decision:. Basic Model 14 World of Work 2.1: Sleep Time Linked to Earnings 30 Applying and Extending the Model 31 World of Work 2.2: The Carnegie Conjecture 35 World of Work 2.3: New Overtime Rules 38 World of Work 2.4: The Labor Supply Impact of the Earned Income Tax Credit 46 Chapter 3 Population, Participation Rates, and Hours of Work 51 The Population Base 52 Becker's Model: The Allocation of Time 53 World of Work 3.1: The Changing Face of America 54 Participation Rates: Defined and Measured 58 Secular Trend of Participation Rates 59 World of Work 3.2: Fewer Teens Have Summer Jobs 60 World of Work 3.3: The Later Male Retirement Puzzle 64 World of Work 3.4: Many Wives Outearn Their Husbands 66 World of Work 3.5: Economics and Fertility 69 World of Work 3.6: Family and Medical Leave Act of 1993 73 Cyclical Changes in Participation Rates 75 Hours of Work: Two Trends 77 World of Work 3.7: Are Americans Overworked? 79 Chapter 4 Labor Quality: Investing in Human Capital 84 Investment in Human Capital: Concept and Data 85 The Human Capital Model 86 World of Work 4.1: Recessions and the College Enrollment Rate 94 World of Work 4.2: Twins, Education, and Earnings 96 World of Work 4.3: Higher Education: Making the Right Choices 100 Human Capital Investment and the Distribution of Earnings 103 On-the-Job Training 111 Criticisms of Human Capital Theory 117 World of Work 4.4: How Much Is a Standardized Test Point Worth? 121 Chapter 5 The Demand for Labor 126 Derived Demand for Labor 126 A Firm's Short-Run Production Function 127 Short-Run Demand for Labor: The Perfectly Competitive Seller 132 Short-Run Demand for Labor: The Imperfectly Competitive Seller 134 The Long-Run Demand for Labor 137 The Market Demand for Labor 141 Chapter 7 World of Work 5.1: Why Has Manufacturing Alternative Pay Schemes and Labor Employment Fallen? 141 World of Work 5.2: Comparative Advantage Efficiency 208 and the Demand for Labor 144 Economics of Fringe Benefits 208 Elasticity of Labor Demand 144 Determinants Theory of Optimal Fringe Benefits 211 of Demand for Labor 150 World of Work 5.3: World of Work 7.1: Does Health Insurance Offshore Outsourcing of Cause "Job Lock"? 218 White-Collar Jobs 154 The Principal­Agent Problem 219 Real-World Applications 154 Pay for Performance 219 World of Work 5.4: Occupational World of Work 7.2: Why Is There Academic Employment Trends 156 Tenure? 221 World of Work 7.3: Company Stock in Appendix: Isoquant­Isocost Analysis of the Pension Plans 228 Long-Run Demand for Labor 162 World of Work 7.4: What Is a Good CEO Isoquant Curves 164 Worth? 231 Isocost Curves 164 Efficiency Wage Payments 231 Least-Cost Combination of Capital and World of Work 7.5: The Ford Motor Labor 165 Company's $5 per Day Wage 234 Labor Deriving the Long-Run Labor Demand Market Efficiency Revisited 237 Curve 166 Professional Baseball 186 World of Work 6.3: The WTO, Trade Liberalization, and Labor Standards 189 World of Work 6.4: Has Deunionization Increased Earnings Inequality? 195 Bilateral Monopoly 196 Wage Determination: Delayed Supply Responses 198 World of Work 6.5: NAFTA and American Labor 199 Chapter 6 Wage Determination and the Allocation of Labor 169 Theory of a Perfectly Competitive Labor Market 169 World of Work 6.1: The Fall and Rebound of Real Earnings, 1979-2003 175 Wage and Employment Determination: Monopoly in the Product Market 179 Monopsony 181 Unions and Wage Determination 185 World of Work 6.2: Pay and Performance in Chapter 8 The Wage Structure 241 Perfect Competition: Homogeneous Workers and Jobs 241 The Wage Structure: Observed Differential 242 Wage Differentials: Heterogeneous Jobs 245 World of Work 8.1: The Economics of the Oldest Profession 248 World of Work 8.2: Wage Inequality and Skill-Biased Technological Change 252 World of Work 8.3: Smoking Is Bad for Your Financial Health 254 Wage Differentials: Heterogeneous Workers 254 World of Work 8.4: Wage Differentials: Married versus Single Males 257 The Hedonic Theory of Wages 259 World of Work 8.5: Compensating Pay for Shift Work 263 World of Work 8.6: Placing a Value on Human Life 265 Wage Differentials: Labor Market Imperfections 265 Chapter 11 The Economic Impact of Unions 332 The Union Wage Advantage 332 World of Work 11.1: A Tale of Two Industries 340 Efficiency and Productivity 343 World of Work 11.2: Labor Strife and Product Quality 348 World of Work 11.3: Unions and Investment 353 Firm Profitability 354 Distribution of Earnings 355 Other Issues: Inflation, Unemployment, and Income Shares 359 Chapter 9 Mobility, Migration, and Efficiency 274 Types of Labor Mobility 274 Migration as an Investment in Human Capital 276 World of Work 9.1: Determinants of Occupational Tenure 277 The Determinants of Migration: A Closer Look 278 The Consequences of Migration 282 Capital and Product Flows 292 U.S. Immigration Policy and Issues 294 World of Work 9.2: Are Immigrants Who Have Information Technology Skills Takin Jobs from Americans? 296 Chapter 12 Government and the Labor Market: Employment, Expenditures, and Taxation 364 Public-Sector Employment and Wages 365 World of Work 12.1: What Do Government Workers Do? 367 World of Work 12.2: Public-Sector Unions: Are They Unique? 370 The Military Sector: The Draft versus the Voluntary Army 371 Nonpayroll Spending by Government: Impact on Labor 374 Labor Market Effects of Publicly Provided Goods and Services 377 Income Taxation and the Labor Market 379 World of Work 12.3: Who Pays the Social Security Payroll Tax? 387 Chapter 13 Government and the Labor Market: Legislation and Regulation? 390 Labor Law 390 Minimum-Wage Law 395 World of Work 13.1: Living Wage Laws 401 Chapter 10 Labor Unions and Collective Bargaining 303 Why Unions? 303 Labor Unionism: Facts and Figures 304 Unionism's Decline 313 World of Work 10.1: Should the Right to Hire Permanent Strikebreakers Be Rescinded? 317 World of Work 10.2: Will the Internet Help Revive Unions? 320 What Do Unions Want? 321 Strikes and the Bargaining Process 325 Occupational Health and Safety Regulation 403 World of Work 13.2: Do Computers Expand Job Opportunities for People with Spinal Cord Injuries? 407 World of Work 13.3: The Effect of Workers' Compensation on Job Safety 411 Government as a Rent Provider 412 World of Work 13.4: Lawyers Attempt to Disbar Competition from Software 416 Chapter Labor Market Discrimination 421 Gender and Racial Differences 421 World of Work 14.1: The Gender Pay Gap: An International Comparison 423 Discrimination and Its Dimensions 428 World of Work 14.2: It Pays to Be Good Looking 430 Taste-for-Discrimination Model 431 World of Work 14.3: Competition and Discrimination 435 Theory of Statistical Discrimination 436 The Crowding Model: Occupational Segregation 438 World of Work 14.4: Women's Entry into Selected Professions 444 Cause and Effect: Nondiscriminatory Factors 445 World of Work 14.5: Discrimination in Professional Sports 449 Antidiscrimination Policies and Issues 450 World of Work 14. 6: Orchestrating Impartiality 453 Chapter 16 The Distribution of Personal Earnings 479 Describing the Distribution of Earnings 479 Explaining the Distribution of Earnings 485 Mobility within the Earnings Distribution 493 World of Work 16.1: Cross-Country Differences in Earnings Mobility across Generations 495 World of Work 16.2: Government Employment and the Earnings Distribution 496 Rising Earnings Inequality 496 Chapter 17 Labor Productivity: Wages, Prices, and Employment 504 The Productivity Concept 504 Importance of Productivity Increases 508 Long-Run Trend of Labor Productivity 512 World of Work 17.1: Is Public Capital Productive? 515 Cyclical Changes in Productivity 518 Productivity and Employment 521 A "New Economy"? 527 Chapter 18 Employment and Unemployment 533 Employment and Unemployment Statistics 533 World of Work 18.1: New Data on Job Gains and Losses 540 Macroeconomic Output and Employment Determination 542 Frictional Unemployment 544 Structural Unemployment 546 World of Work 18.2: Downsizing and College Graduates 548 Chapter 15 Job Search: External and Internal 459 External Job Search 460 World of Work 15.1: Job Search and the Internet 462 Internal Labor Markets 467 World of Work 15.2: Are Long-Term Jobs Vanishing? 468 World of Work 18.3: Advanced Notification of Plant Closure or Sizable Dismissal 549 Demand-Deficient Unemployment 550 The Distribution of Unemployment 553 Reducing Unemployment: Public Policies 557 Applications, New Theories, Emerging Evidence 570 Textbooks and Research Surveys 576 Glossary 578 Answers to "Your Turn" Questions 593 Index 000 Appendix Information Sources in Labor Economics 562 Sources of Labor Statistics 562

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