Modern labor economics: theory and public policy
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Reading, Mass. [u.a.]
Addison-Wesley
2000
|
| Ausgabe: | 7. ed. |
| Schriftenreihe: | The Addison-Wesley series in economics
|
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIX, 651 S. graph. Darst. |
| ISBN: | 0321050525 |
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Datensatz im Suchindex
| _version_ | 1804128289750515712 |
|---|---|
| adam_text | Titel: Modern labor economics
Autor: Ehrenberg, Ronald G
Jahr: 2000
Detailed Contents
Preface xvii
CHAPTER 1 INTRODUCTION 1
The Labor Market 2
Labor Economics: Some Basic Concepts 3
Positive Economics 3
The Models and Predictions of Positive Economics 4
Normative Economics 7
Normative Economics and Government Policy 10
Plan of the Text 13
Example 1.1 Positive Economics: What Does It Mean to
Understand Behavior? 6
Example 1.2 Why Economists Disagree about Policy
Proposals 14
Appendix 1A Statistical Testing of Labor Market
Hypotheses 17
CHAPTER 2 OVERVIEW OF THE LABOR MARKET 25
The Labor Market: Definitions, Facts, and Trends 26
The Labor Force and Unemployment 27
Industries and Occupations: Adapting to Change 29
The Earnings of Labor 32
How the Labor Market Works 36
The Demand for Labor 37
The Supply of Labor 41
The Determination of the Wage 44
Applications of the Theory 52
Who Is Underpaid and Who Is Overpaid? 52
International Differences in Unemployment 57
Example 2.1 The Black Death and the Wages of Labor 49
Example 2.2 Ending the Conscription of Young American
Men: The Role of Economists 56
VII
viii Contents
CHAPTER 3 THE DEMAND FOR LABOR 62
Profit Maximization 63
Marginal Income from an Additional Unit of Input 64
Marginal Expense of an Added Input 66
The Short-Run Demand for Labor When Both
Product and Labor Markets Are Competitive 66
A Critical Assumption: Dedining MPL 67
From Profit Maximization to Labor Demand 68
The Demand for Labor in Competitive Markets
When Other Inputs Can Be Varied 74
Labor Demand in the Long Run 74
More Than Two Inputs 76
Labor Demand When the Product Market Is Not
Competitive 78
Monopsony in the Labor Market 79
Profit Maximization 80
How Do Monopsonists Respond to Supply Shifts and
Mandated Wage Increases? 82
Policy Application: The Labor Market Effects of
Employer Payroll Taxes and Wage Subsidies 86
Who Bears the Bürden of a Payroll Tax? 86
Are Payroll Taxes Responsible for European
Unemployment? 89
Employment Subsidies as a Device to Help the Poor 90
Example 3.1 The Marginal Revenue Product of College
Football Stars 65
Example 3.2 Monopsony in the Coal Fields? Probably Not 82
Example 3.3 Are Targeted Wage Subsidies Harmful? 92
Appendix 3A Graphic Derivation of a Firm s Labor Demand
Curve 96
CHAPTER 4 LABOR DEMAND ELASTICITIES 105
The Own-Wage Elasticity of Demand 106
The Hicks-Marshall Laws of Derived Demand 108
Estimates of Own-Wage Labor Demand
Elasticities 112
Applying the Laws of Derived Demand:
Inferential Analysis 113
The Cross-Wage Elasticity of Demand 116
Can the Laws of Derived Demand Be Applied to
Cross-Elasticities ? 117
Estimates Relating to Cross-Elasticities 119
Contents ix
Policy Application: Effects of
Minimum Wage Laws 120
History and Deschption 120
Employment Effects: Theoretical Analysis 121
Employment Effects: Empirical Estimates 127
Does the Minimum Wage Fight Poverty? 131
Applying Concepts of Labor Demand Elasticity to
the Issue of Technologica! Change 132
Example 4.1 Why Are Union Wages So Different in Two
Parts of the Trucking Industry? 115
Example 4.2 The Impact of the First Federal
Minimum Wage 130
Appendix 4A International Trade and the Demand for
Labor: Can High-Wage Countries Compete? 137
CHAPTER 5 QUASI-FIXED LABOR COSTS AND THEIR
EFFECTS ON DEMAND 144
Nonwage Labor Costs 145
Hiring and Training Costs 145
Employee Benefits 146
The Quasi-Fixed Nature of Many Nonwage Costs 147
The Employment/Hours Trade-off 148
Determining the Mix of Workers and Hours 149
Policy Analysis: The Overtime-Pay Premium 150
Policy Analysis: Part-Time Employment and Mandated
Employee Benefits 153
Firms Labor Investments and the
Demand for Labor 155
The Concept of Present Value 157
The Multiperiod Demand for Labor 159
Constraints on Multiperiod Wage Offers 161
General and Specific Training 163
Specific Training and the Wage Profile 164
Implications of the Theory 168
Do Employers Ever Pay for General Training? 172
Hiring Investments 173
The Use of Credentials 173
Internal Labor Markets 174
How Can the Employer Recoup Its
Hiring Investments? 175
Example 5.1 Renting Workers as a Way of Coping with
Fluctuations in Product Demand 151
Contents
Example 5.2 Unjust Dismissal Policies 156
Example 5.3 Apprenticeship in the United States
and Britain 166
Example 5.4 Training and Job Tenure Levels in United States
and Japan 168
CHAPTER 6 SUPPLY OF LABOR TO THE ECONOMY:
THE DECISION TO WORK 178
Trends in Labor Force Participation and
HoursofWork 178
A Theory of the Decision to Work 183
Some Basic Concepts 184
Analysis ofthe Labor/Leisure Choice 188
Empirical Findings on the Income and Substitution
Effects 202
Policy Applications 206
Budget Constraints with Spikes 206
Programs with Net Wage Rates ofZero 208
Subsidy Programs with Positive Effective
Wage Rates 211
Example 6.1 Do Large Inheritances Induce Labor Force
Withdrawal? 195
Example 6.2 Labor Supply Effects of Income Tax Cuts 203
Example 6.3 The Labor Supply of Pigeons 205
Example 6.4 Staying around One s Kentucky Home: Workers
Compensation Benefits and the Return to Work 208
Example 6.5 Wartime Food Requisitions and Agricultural
Work Incentives 214
Appendix 6A Child Care, Commuting, and the Fixed Costs of
Working 218
CHAPTER 7 LABOR SUPPLY: HOUSEHOLD PRODUCTION,
THE FAMILY, AND THE LIFE CYCLE 223
The Theory of Household Production 223
The Tripartite Choice: Market Work, Household
Work, and Leisure 227
Joint Labor Supply Decisions Within the
Household 231
Specialization of Function 231
Do Both Partners Work for Pay? 233
Contents xi
The Joint Decision and Cross-Effects 234
Labor Supply in Recessions: The Discouraged vs. the
Additional Worker 234
Life-Cycle Aspects of Labor Supply 237
The Labor Force Participation Patterns of Married
Women 237
The Substitution Effect and When to Work over a
Lifetime 238
The Choice of Retirement Age 241
Policy Application: Child Care and Labor Supply 245
Example 7.1 Work and Leisure: Past vs. Present 230
Example 7.2 The Value of a Homemaker s Time 239
CHAPTER 8 COMPENSATING WAGE DIFFERENTIALS
AND LABOR MARKETS 251
Job Matching: The Role of Worker Preferences and
Information 251
Individual Choice and Its Outcomes 252
Assumptions and Predictions 254
Empirical Tests for Compensating
Wage Differentials 257
Hedonic Wage Theory and the Risk of Injury 259
Employee Considerations 260
Employer Considerations 262
The Matching of Employers and Employees 264
Normative Analysis: Occupational Safety and Health
Regulation 267
Hedonic Wage Theory and Employee
Benefits 274
Employee Preferences 274
Employer Preferences 276
The Joint Determination of Wages and
Benefits 279
Policy Application: Pension Reform Legislation 281
Example 8.1 What Price the Moral High Ground? 255
Example 8.2 Working on the Railroad: Making
a Bad Job Good 260
Example 8.3 Compensating Wage Differentials in
19th-CenturyBritain 268
Appendix 8A Compensating Wage Differentials
and Layoffs 285
xii Contents
CHAPTER 9 INVESTMENTS IN HUMAN CAPITAL:
EDUCATION AND TRAINING 290
Human Capital Investments: The Basic Model 293
The Demand for a College Education 295
Weighing the Costs and Benefits of College 296
Predictions of the Theory 297
Market Responses to Changes in
College Attendance 303
Education, Earnings, and Postschooling Investments
in Human Capital 303
Average Earnings and Educational Level 305
On-the-Job Training and the Concavity of
Age/Earnings Profiles 306
The Fanning out of Age/Earnings Profiles 308
Women and the Acquisition of Human Capital 309
Is Education a Good Investment? 314
Is Education a Good Investment for Individuais? 314
Is Education a Good Social Investment? 318
Is Public Sector Training a Good Social Investment? 327
Example 9.1 War and Human Capital 292
Example 9.2 The Consumption Value of Schooling During
the Vietnam War 298
Example 9.3 Valuing a Human Asset The Case of the
Divorcing Doctor 315
Example 9.4 The Socially Optimal Level of Educational
Investment 324
Appendix 9A A Cobweb Model of Labor Market
Adjustment 331
Appendix 9B A Hedonic Model of Earnings and Educational
Level 335
CHAPTER 10 WORKER MOBILITY: MIGRATION,
IMMIGRATION, AND TURNOVER 340
The Determinants of Worker Mobility 341
Geographie Mobility 342
The Direction of Migratory Flows 343
Personal Characteristics of Movers 344
The Role of Distance 346
Skills, the Earnings Distribution, and International
Migration 347
Contents xiii
The Individual Returns to International and
Domestic Migration 348
Return Migration 352
Policy Application: Restricting Immigration 352
U.S. Immigration History 353
Naive Views of Immigration 355
An Analysis of the Gainers and Losers 357
Do the Overall Gains from Immigration Exceed
theLosses? 361
Employee Turnover and Job Matching 363
The Patterns ofJob Mobility 364
Costs of Turnover and the Monopsony Model 371
Example 10.1 The Great Migration: Southern Blacks
Move North 345
Example 10.2 Economic vs. Political Immigrants 351
Example 10.3 The Mariel Boatlift and Its Effects on Miami s
Wage and Unemployment Rates 360
CHAPTER 11 PAY AND PRODUCTIVITY: WAGE
DETERMINATION WITHIN THE FIRM 377
The Employment Contract 378
Coping with Information Asymmetries 379
Motivating Workers 382
Motivating the Individual in a Group 384
Compensation Plans: Overview and Guide to the Rest
oftheChapter 387
Productivity and the Basis of Yearly Pay 388
Employee Preferences 388
Employer Considerations 390
Productivity and the Level of Pay 396
Productivity and the Sequencing of Pay 400
Underpayment Followed by Overpayment 400
Promotion Tournaments 404
Career Concerns and Productivity 406
Applications of the Theory: Explaining Three
Puzzles 408
Why Do Earnings Increase with Job Tenure? 408
Why Do Large Firms Pay More ? 410
Monopsonistic Behavior by Employers 412
Example 11.1 The Wide Range of Possible Productivities: The
Case of the Factory That Could Not Cut Output 378
I
xiv Contents
Example 11.2 Calorie Consumption and the Type of Pay 385
Example 11.3 Poor Group Incentives Doom the Shakers 393
Example 11.4 Did Henry Ford Pay Efficiency Wages? 399
Example 11.5 Demanding Employers, Overworked
Employees, and Neglected Families 405
CHAPTER 12 GENDER, RACE, AND ETHNICITY IN THE
LABOR MARKET 415
Measured and Unmeasured Sources of Earnings
Differences 416
Earnings Differences by Gender 417
Earnings Differences between Black and White
Americans 426
Earnings Differences by Ethnicity 430
Theories of Market Discrimination 433
Personal-Prejudice Models 433
Statistical Discrimination 440
Noncompetitive Models of Discrimination 444
Evaluation of Discrimination Theories 449
Federal Programs to End Discrimination 450
Equal PayActofl 963 450
Title VII of the Civil Rights Act 450
The Federal Contract Compliance Program 459
Effectiveness of Federal Antidiscrimination
Programs 462
Example 12.1 The Gender Earnings Gap
across Countries 423
Example 12.2 Fear and Lathing in the Michigan
Furniture Industry 441
Example 12.3 Comparable Worth and the University 456
Example 12.4 How Fast Can Discrimination
Be Eradicated? 463
Appendix 12A Estimating Comparable Worth Earnings
Gaps: An Application of Regression Analysis 468
CHAPTER 13 UNIONS AND THE LABOR MARKET 472
Union Structure and Membership 472
International Comparisons of Unionism 473
The Legal Structure of Unions in the United States 475
Contents xv
Constraints on the Achievement of Union
Objectives 478
The Monopoly-Union Model 480
The Efficient-Contracts Model 481
The Activities and Tools of Collective Bargaining 486
Union Membership: An Analysis of Demand
and Supply 486
Union Actions to Alter the Labor Demand Curve 492
Bargaining and the Threat of Strikes 495
Bargaining in the Public Sector: The Threat
ofArbitration 500
The Effects of Unions 503
The Theory of Union Wage Effects 504
Evidence of Union Wage Effects 507
Evidence of Union Total Compensation Effects 510
The Effects of Unions on Employment 511
The Effects of Unions on Productivity and Profits 512
Normative Analyses of Unions 513
Example 13.1 Deregulation and the Airlines 491
Example 13.2 Permanent Replacement of Strikers 498
Example 13.3 Investment and Unionization 513
Appendix 13A Arbitration and the Bargaining
Contract Zone 519
CHAPTER14 INEQUALITY IN EARNINGS 524
Measuring Inequality 525
Earnings Inequality since 1980: Some Descriptive
Data 528
The Occupational Distribution 530
Changes in Relative Wages 530
Relative Changes in Hours of Work 532
Growth of Earnings Dispersion within Human Capital
Croups 534
Summarizing the Dimensions of
Growing Inequality 534
The Underlying Causes of Growing Inequality 536
Changes in Supply 536
Changes in Institutional Forces 539
Changes in Demand 540
International Comparisons of
Changing Inequality 548
xvi Contents
Why Did Inequality Grow Most in Great Britain and
the United States? 549
Causes and Effects of Different Real Wage Changes
among the Unskilled 552
Example 14.1 Changes in the Premium to Education atthe
Beginning of the Twentieth Century 543
Example 14.2 Do We Observe Rags to Riches ? The
Transmission of Inequality across Generations 546
Appendix 14A Lorenz Curves and Gini Coefficients 556
CHAPTER15 UNEMPLOYMENT 560
A Stock-Flow Model of the Labor Market 562
Types of Unernployment and Their Causes 566
Frictional Unemployment: The Theory of
Job Search 566
Structural Unemployment: Occupational and Regional
Unemployment Rate Differences 574
Demand-Deficient (Cyclical) Unemployment 581
Seasonal Unemployment 588
When Do We Have Füll Employment ? 590
Example 15.1 The Unemployment Insurance Bonus
Experiments 572
Example 15.2 Unemployment Insurance and Seasonal
Unemployment: A Historical Perspective 589
Answers to Odd-Numbered Review Questions and Problems 597
Name Index 635
Subject Index 641
|
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| author | Ehrenberg, Ronald G. 1946- Smith, Robert S. 1940- |
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| dewey-ones | 331 - Labor economics |
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 7. ed. |
| format | Book |
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| geographic | USA (DE-588)4078704-7 gnd |
| geographic_facet | USA |
| id | DE-604.BV013498795 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:46:53Z |
| institution | BVB |
| isbn | 0321050525 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-009214263 |
| oclc_num | 247083747 |
| open_access_boolean | |
| owner | DE-824 |
| owner_facet | DE-824 |
| physical | XIX, 651 S. graph. Darst. |
| publishDate | 2000 |
| publishDateSearch | 2000 |
| publishDateSort | 2000 |
| publisher | Addison-Wesley |
| record_format | marc |
| series2 | The Addison-Wesley series in economics |
| spelling | Ehrenberg, Ronald G. 1946- Verfasser (DE-588)124733735 aut Modern labor economics theory and public policy Ronald G. Ehrenberg ; Robert S. Smith 7. ed. Reading, Mass. [u.a.] Addison-Wesley 2000 XIX, 651 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier The Addison-Wesley series in economics Lehrmittel (DE-588)4074111-4 gnd rswk-swf Arbeitsbeziehungen (DE-588)4002617-6 gnd rswk-swf Arbeitsökonomie (DE-588)4322126-9 gnd rswk-swf Arbeitsmarktpolitik (DE-588)4002737-5 gnd rswk-swf Arbeitsmarkttheorie (DE-588)4122827-3 gnd rswk-swf Arbeitsmarkt (DE-588)4002733-8 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf Arbeitsmarkttheorie (DE-588)4122827-3 s Arbeitsmarktpolitik (DE-588)4002737-5 s Lehrmittel (DE-588)4074111-4 s DE-604 Arbeitsökonomie (DE-588)4322126-9 s USA (DE-588)4078704-7 g Arbeitsmarkt (DE-588)4002733-8 s Arbeitsbeziehungen (DE-588)4002617-6 s 1\p DE-604 2\p DE-604 Smith, Robert S. 1940- Verfasser (DE-588)129118001 aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009214263&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Ehrenberg, Ronald G. 1946- Smith, Robert S. 1940- Modern labor economics theory and public policy Lehrmittel (DE-588)4074111-4 gnd Arbeitsbeziehungen (DE-588)4002617-6 gnd Arbeitsökonomie (DE-588)4322126-9 gnd Arbeitsmarktpolitik (DE-588)4002737-5 gnd Arbeitsmarkttheorie (DE-588)4122827-3 gnd Arbeitsmarkt (DE-588)4002733-8 gnd |
| subject_GND | (DE-588)4074111-4 (DE-588)4002617-6 (DE-588)4322126-9 (DE-588)4002737-5 (DE-588)4122827-3 (DE-588)4002733-8 (DE-588)4078704-7 |
| title | Modern labor economics theory and public policy |
| title_auth | Modern labor economics theory and public policy |
| title_exact_search | Modern labor economics theory and public policy |
| title_full | Modern labor economics theory and public policy Ronald G. Ehrenberg ; Robert S. Smith |
| title_fullStr | Modern labor economics theory and public policy Ronald G. Ehrenberg ; Robert S. Smith |
| title_full_unstemmed | Modern labor economics theory and public policy Ronald G. Ehrenberg ; Robert S. Smith |
| title_short | Modern labor economics |
| title_sort | modern labor economics theory and public policy |
| title_sub | theory and public policy |
| topic | Lehrmittel (DE-588)4074111-4 gnd Arbeitsbeziehungen (DE-588)4002617-6 gnd Arbeitsökonomie (DE-588)4322126-9 gnd Arbeitsmarktpolitik (DE-588)4002737-5 gnd Arbeitsmarkttheorie (DE-588)4122827-3 gnd Arbeitsmarkt (DE-588)4002733-8 gnd |
| topic_facet | Lehrmittel Arbeitsbeziehungen Arbeitsökonomie Arbeitsmarktpolitik Arbeitsmarkttheorie Arbeitsmarkt USA |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=009214263&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT ehrenbergronaldg modernlaboreconomicstheoryandpublicpolicy AT smithroberts modernlaboreconomicstheoryandpublicpolicy |