| Description |
xviii, 569 pages : illustrations ; 24 cm |
| Contents |
1-1.An Economic Story of the Labor Market -- 1-2.The Actors in the Labor Market -- 1-3.Why Do We Need a Theory? -- Summary -- Review Questions -- Key Concepts -- Web Links -- Appendix: An Introduction to Regression Analysis -- Key Concepts -- 2-1.Measuring the Labor Force -- 2-2.Basic Facts about Labor Supply -- 2-3.The Worker's Preferences -- 2-4.The Budget Constraint -- 2-5.The Hours of Work Decision -- 2-6.To Work or Not to Work? -- 2-7.The Labor Supply Curve -- 2-8.Estimates of the Labor Supply Elasticity -- 2-9.Labor Supply of Women -- 2-10.Policy Application: Welfare Programs and Work Incentives -- 2-11.Policy Application: The Earned Income Tax Credit -- 2-12.Labor Supply over the Life Cycle -- 2-13.Policy Application: The Decline in Work Attachment among Older Workers -- Theory at Work: Dollars and Dreams -- Theory at Work: Winning the Lotto Will Change Your Life -- Theory at Work: Work and Leisure in Europe and the United States -- |
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Theory at Work: Gaming the EITC -- Theory at Work: Cabbies in New York City -- Theory at Work: The Notch Babies -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- 3-1.The Production Function -- 3-2.The Employment Decision in the Short Run -- 3-3.The Employment Decision in the Long Run -- 3-4.The Long-Run Demand Curve for Labor -- 3-5.The Elasticity of Substitution -- 3-6.Policy Application: Affirmative Action and Production Costs -- 3-7.Marshall's Rules of Derived Demand -- 3-8.Factor Demand with Many Inputs -- 3-9.Overview of Labor Market Equilibrium -- 3-10.Policy Application: The Employment Effects of Minimum Wages -- 3-11.Adjustment Costs and Labor Demand -- 3-12.Rosie the Riveter as an Instrumental Variable -- Theory at Work: California's Overtime Regulations and Labor Demand -- Theory at Work: Minimum Wages and Drunk Driving -- Theory at Work: Work-Sharing in Germany -- Summary -- Key Concepts -- |
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Review Questions -- Problems -- Selected Readings -- Web Links -- 4-1.Equilibrium in a Single Competitive Labor Market -- 4-2.Competitive Equilibrium across Labor Markets -- 4-3.Policy Application: Payroll Taxes and Subsidies -- 4-4.Policy Application: Payroll Taxes versus Mandated Benefits -- 4-5.Policy Application: The Labor Market Impact of Immigration -- 4-6.Policy Application: Environmental Disasters and the Labor Market -- 4-7.The Cobweb Model -- 4-8.Noncompetitive Labor Markets: Monopsony -- Theory at Work: The Intifadah and Palestinian Wages -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- 5-1.The Market for Risky Jobs -- 5-2.The Hedonic Wage Function -- 5-3.Policy Application: How Much Is a Life Worth? -- 5-4.Policy Application: Safety and Health Regulations -- 5-5.Compensating Differentials and Job Amenities -- 5-6.Policy Application: Health Insurance and the Labor Market -- |
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Theory at Work: Life On the Interstate -- Theory at Work: Jumpers in Japan -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- 6-1.Education in the Labor Market: Some Stylized Facts -- 6-2.Present Value -- 6-3.The Schooling Model -- 6-4.Education and Earnings -- 6-5.Estimating the Rate of Return to Schooling -- 6-6.Policy Application: School Construction in Indonesia -- 6-7.Policy Application: School Quality and Earnings -- 6-8.Do Workers Maximize Lifetime Earnings? -- 6-9.Schooling as a Signal -- 6-10.Postschool Human Capital Investments -- 6-11.On-the-Job Training -- 6-12.On-the-Job Training and the Age-Earnings Profile -- 6-13.Policy Application: Evaluating Government Training Programs -- Theory at Work: Destiny at Age 6 -- Theory at Work: Booker T Washington and Julius Rosenwald -- Theory at Work: Is the GED Better Than Nothing? -- Theory at Work: Earnings and Substance Abuse -- Summary -- Key Concepts -- |
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Review Questions -- Problems -- Selected Readings -- Web Links -- 7-1.The Earnings Distribution -- 7-2.Measuring Inequality -- 7-3.The Wage Structure: Basic Facts -- 7-4.Policy Application: Why Did Wage Inequality Increase? -- 7-5.The Earnings of Superstars -- 7-6.Inequality across Generations -- Theory at Work: Computers, Pencils, and the Wage Structure -- Theory at Work: Rock Superstars -- Theory at Work: Nature and Nurture -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- 8-1.Geographic Migration as a Human Capital Investment -- 8-2.Internal Migration in the United States -- 8-3.Family Migration -- 8-4.Immigration in the United States -- 8-5.Immigrant Performance in the U.S. Labor Market -- 8-6.The Decision to Immigrate -- 8-7.The Economic Benefits from Immigration -- 8-8.Policy Application: High-Skill Immigration and Human Capital Externalities -- |
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8-9.Policy Application: Intergenerational Mobility of Immigrants -- 8-10.Job Turnover: Facts -- 8-11.The Job Match -- 8-12.Specific Training and Job Turnover -- 8-13.Job Turnover and the Age-Earnings Profile -- Theory at Work: Power Couples -- Theory at Work: Hey Dad, My Roommate Is So Smart, I Got a 4.0 GPA -- Theory at Work: Health Insurance and Job-Lock -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- 9-1.Race and Gender in the Labor Market -- 9-2.The Discrimination Coefficient -- 9-3.Employer Discrimination -- 9-4.Employee Discrimination -- 9-5.Customer Discrimination -- 9-6.Statistical Discrimination -- 9-7.Experimental Evidence on Discrimination -- 9-8.Measuring Discrimination -- 9-9.Policy Application: Determinants of the Black-White Wage Ratio -- 9-10.Discrimination against Other Groups -- 9-11.Policy Application: Determinants of the Female-Male Wage Ratio -- Theory at Work: Beauty and the Beast -- |
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Theory at Work: Discrimination in the NBA -- Theory at Work: Employment Discrimination in China -- Theory at Work: "Disparate Impact" and Black Employment in Police Departments -- Theory at Work: Shades of Black -- Theory at Work: 9/11 and the Earnings of Arabs and Muslims in the United States -- Theory at Work: Orchestrating Impartiality -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- 10-1.Unions: Background and Facts -- 10-2.Determinants of Union Membership -- 10-3.Monopoly Unions -- 10-4.Policy Application: Unions and Resource Allocation -- 10-5.Efficient Bargaining -- 10-6.Strikes -- 10-7.Union Wage Effects -- 10-8.Nonwage Effects of Unions -- 10-9.Policy Application: Public-Sector Unions -- Theory at Work: The Rise and Fall of PATCO -- Theory at Work: The Cost of Labor Disputes -- Theory at Work: Occupational Licensing -- Theory at Work: Do Teachers' Unions Make Students Better Off? -- |
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Theory at Work: Lawyers and Arbitration -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- 11-1.Piece Rates and Time Rates -- 11-2.Tournaments -- 11-3.Policy Application: The Compensation of Executives -- 11-4.Policy Application: Incentive Pay for Teachers -- 11-5.Work Incentives and Delayed Compensation -- 11-6.Efficiency Wages -- Theory at Work: Windshields by the Piece -- Theory at Work: How Much is Your Soul Worth? -- Theory at Work: Incentive Pay Gets You to LAX on Time -- Theory at Work: Playing Hard for the Money -- Theory at Work: Are Men More Competitive? -- Theory at Work: Did Henry Ford Pay Efficiency Wages? -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- 12-1.Unemployment in the United States -- 12-2.Types of Unemployment -- 12-3.The Steady-State Rate of Unemployment -- 12-4.Job Search -- 12-5.Policy Application: Unemployment Compensation -- |
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12-6.The Intertemporal Substitution Hypothesis -- 12-7.The Sectoral Shifts Hypothesis -- 12-8.Efficiency Wages and Unemployment -- 12-9.Implicit Contracts -- 12-10.Policy Application: The Phillips Curve -- 12-11.Policy Application: The Unemployment Gap between Europe and the United States -- Theory at Work: The Long-Term Effects of Graduating in a Recession -- Theory at Work: Jobs and Friends -- Theory at Work: Cash Bonuses and Unemployment -- Theory at Work: The Benefits of UI -- Summary -- Key Concepts -- Review Questions -- Problems -- Selected Readings -- Web Links -- Name Index |
| Summary |
Labor Economics, seventh edition by George J. Borjas provides a modern introduction to labor economics, emphasizing both theory and empirical evidence. The book uses many examples drawn from state-of-the-art studies in labor economics literature. The author introduces, through examples, methodological techniques that are commonly used in labor economics to empirically test various aspects of the theory. Labor Economics is thoroughly integrated with the adaptive digital tools available in McGraw-Hill's LearnSmart Advantage Suite, proven to increase student engagement and success in the course |
| Notes |
McGraw-Hill international edition |
| Bibliography |
Includes bibliographical references and indexes |
| Subject |
Labor unions -- United States.
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Labor economics.
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Labor market -- United States.
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| LC no. |
2014031865 |
| ISBN |
9780078021886 (alkaline paper) |
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1259252361 (paperback) |
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007802188X |
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9781259252365 (paperback) |
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