Verfügbarkeit: Modern labor economics

Modern labor economics: theory and public policy

Gespeichert in:

Bibliographische Detailangaben
Hauptverfasser:	Ehrenberg, Ronald G. 1946- (VerfasserIn), Smith, Robert S. 1940- (VerfasserIn)
Format:	Buch
Sprache:	English
Veröffentlicht:	Boston ; Munich [u.a.] Pearson Addison Wesley 2006
Ausgabe:	9. ed., Pearson internat. ed.
Schriftenreihe:	The Addison-Wesley series in economics
Schlagworte:	Arbeidseconomie Beleid Emploi Marché du travail Politique de l'emploi Labor economics Labor policy Personnel management Arbeitsmarkttheorie Lehrmittel Arbeitsbeziehungen Arbeitsökonomie Arbeitsmarkt Arbeitsmarktpolitik USA
Online-Zugang:	Table of contents Inhaltsverzeichnis
Beschreibung:	XX, 604 S. graph. Darst.
ISBN:	0321311531

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Datensatz im Suchindex

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adam_text	Brief Contents Detailed Contents vii Preface xvii CHAPTER 1 Introduction 1 CHAPTER 2 Overview of the Labor Market 25 CHAPTER 3 The Demand for Labor 59 CHAPTER 4 Labor Demand Elasticities 93 CHAPTER 5 Frictions in the Labor Market 129 CHAPTER 6 Supply of Labor to the Economy: The Decision to Work 165 CHAPTER 7 Labor Supply: Household Production, the Family, and the Life Cycle 207 CHAPTER 8 Compensating Wage Differentials and Labor Markets 239 CHAPTER 9 Investments in Human Capital: Education and Training 275 CHAPTER 1O Worker Mobility: Migration, Immigration, and Turnover 323 CHAPTER 11 Pay and Productivity: Wage Determination within the Firm 353 CHAPTER 12 Gender, Race, and Ethnicity in the Labor Market 389 CHAPTER 13 Unions and the Labor Market 437 CHAPTER 14 Inequality in Earnings 487 CHAPTER 15 Unemployment 517 Ansivers to Odd Numbered Review Questions and Problems 553 Name Index 589 Subject Index 595 V viii DETAILED CONTENTS CHAPTER 3 THE DEMAND FOR LABOR 59 Profit Maximization 60 Marginal Income from an Additional Unit of Input 61 Marginal Expense of an Added Input 63 The Short Run Demand for Labor When Both Product and Labor Markets Are Competitive 63 A Critical Assumption: Declining MPL 64 From Profit Maximization to Labor Demand 65 The Demand for Labor in Competitive Markets When Other Inputs Can Be Varied 70 Labor Demand in the Long Run 70 More than Two Inputs 72 Labor Demand When the Product Market Is Not Competitive 74 Maximizing Monopoly Profits 74 Do Monopolies Pay Higher Wages? 75 Policy Application: The Labor Market Effects of Employer Payroll Taxes and Wage Subsidies 76 Who Bears the Burden of a Payroll Tax? 76 Employment Subsidies as a Device to Help the Poor 79 EXAMPLE 3.1 The Marginal Revenue Product of College Football Stars 62 EXAMPLE 3.2 Coal Mining Wages and Capital Substitution 72 EMPIRICAL STUDY Do Women Pay for Employer Funded Maternity Benefits? Using Cross Section Data over Time to Analyze Differences in Differences 80 APPENDIX 3A Graphical Derivation of a Firm s Labor Demand Curve 85 CHAPTER 4 LABOR DEMAND ELASTICITIES 93 The Own Wage Elasticity of Demand 94 The Hicks Marshall Laws of Derived Demand 96 Estimates of Own Wage Labor Demand Elasticities 99 Applying the Laws of Derived Demand: Inferential Analysis 101 The Cross Wage Elasticity of Demand 103 Can the Laws of Derived Demand Be Applied to Cross Elasticities? 104 Estimates Relating to Cross Elasticities 106 Policy Application: Effects of Minimum Wage Laws 107 History and Description 107 Employment Effects: Theoretical Analysis 108 Employment Effects: Empirical Estimates 112 Does the Minimum Wage Fight Poverty? 114 Detailed Contents ix Applying Concepts of Labor Demand Elasticity to the Issue of Technological Change 115 EXAMPLE 4.1 Why Are Union Wages So Different in TWo Parts of the Trucking Industry? 102 EXAMPLE 4.2 The Employment Effects of the First Federal Minimum Wage 113 EMPIRICAL STUDY Estimating the Labor Demand Curve: Time Series Data and Coping with Simultaneity 116 APPENDIX 4A International Trade and the Demand for Labor: Can High Wage Countries Compete? 122 CHAPTER 5 FRICTIONS IN THE LABOR MARKET 129 Frictions on the Employee Side of the Market 130 The Law of One Price 130 Monopsonistic Labor Markets: A Definition 133 Profit Maximization under Monopsonistic Conditions 134 How Do Monopsonistic Firms Respond to Shifts in the Supply Curve? 138 Monopsonistic Conditions and the Employment Response to Minimum Wage Legislation 140 Job Search Costs and Other Labor Market Outcomes 142 Monopsonistic Conditions and the Relevance of the Competitive Model 144 Frictions on the Employer Side of the Market 145 Categories of Quasi Fixed Costs 145 The Employment/Hours Trade Off 149 Training Investments 153 The Training Decision by Employers 153 The Types of Training 153 Training and Post Training Wage Increases 154 Employer Training Investments and Recessionary Layoffs 156 Hiring Investments 157 The Use of Credentials 158 Internal Labor Markets 159 How Can the Employer Recoup Its Hiring Investments? 161 EXAMPLE 5.1 Does Employment Protection Legislation Protect Workers? 146 EXAMPLE 5.2 Renting Workers as a Way of Coping with Hiring Costs 150 EXAMPLE 5.3 Why Do Temporary Help Firms Provide Free General Skills Training? 158 EMPIRICAL STUDY What Explains Wage Differences for Workers Who Appear Similar? Using Panel Data to Deal with Unobserved Heterogeneity 160 x DETAILED CONTENTS CHAPTER 6 SUPPLY OF LABOR TO THE ECONOMY: THE DECI SION TO WORK 165 Trends in Labor Force Participation and Hours of Work 166 Labor Force Participation Rates 166 Hours of Work 168 A Theory of the Decision to Work 175 Some Basic Concepts 170 Analysis of the Labor/Leisure Choice 175 Empirical Findings on the Income and Substitution Effects 189 Policy Applications 192 Budget Constraints with Spikes 192 Programs with Net Wage Rates of Zero 195 Subsidy Programs with Positive Net Wage Rates 200 EXAMPLE 6.1 The Labor Supply of Pigeons 173 EXAMPLE 6.2 Do Large Inheritances Induce Labor Force Withdrawal? 186 EXAMPLE 6.3 Dairy Labor Supply at the Ballpark 188 EXAMPLE 6.4 Labor Supply Effects of Income Tax Cuts 191 EXAMPLE 6.5 Staying Around One s Kentucky Home: Workers Compensation Benefits and the Return to Work 195 EXAMPLE 6.6 Wartime Food Requisitions and Agricultural Work Incentives 199 EMPIRICAL STUDY Estimating the Income Effect Among Lottery Winners: The Search for Exogeneity 202 CHAPTER 7 LABOR SUPPLY: HOUSEHOLD PRODUCTION, THE FAMILY, AND THE LIFE CYCLE 207 The Theory of Household Production 208 Graphing the Model 208 Implications of the Model 210 The Tripartite Choice: Market Work, Household Work, and Leisure 211 Time Use by Women and Men 211 Two Substitution Effects 213 Joint Labor Supply Decisions within the Household 215 Specialization of Function 215 Do Both Partners Work for Pay? 216 The Joint Decision and Cross Effects 217 Labor Supply in Recessions: The Discouraged versus the Added Worker 219 Life Cycle Aspects of Labor Supply 221 The Labor Force Participation Patterns of Married Women 221 Detailed Contents xi The Substitution Effect and When to Work over a Lifetime 223 The Choice of Retirement Age 225 Policy Application: Child Care and Labor Supply 229 Child Care Subsidies 229 Child Support Assurance 231 EXAMPLE 7.1 Obesity and the Household Production Model 212 EXAM PLE 7.2 Husbands, Wives, Neighbors, and the End of the Six Hour Workday at Kellogg s 218 EXAMPLE 7.3 The Value of a Homemaker s Time 223 empirical STUDY The Effects of Wage Increases on Labor Supply (and Sleep): Time Use Diary Data and Sample Selection Bias 234 CHAPTER 8 COMPENSATING WAGE DIFFERENTIALS AND LABOR MARKETS 239 Job Matching: The Role of Worker Preferences and Information 239 Individual Choice and Its Outcomes 240 Assumptions and Predictions 242 Empirical Tests for Compensating Wage Differentials 244 Hedonic Wage Theory and the Risk of Injury 246 Employee Considerations 247 Employer Considerations 248 The Matching of Employers and Employees 250 Normative Analysis: Occupational Safety and Health Regulation 254 Hedonic Wage Theory and Employee Benefits 260 Employee Preferences 260 Employer Preferences 261 The Joint Determination of Wages and Benefits 265 EXAMPLE 8.1 Working on the Railroad: Making a Bad Job Good 246 EXAMPLE 8.2 Parenthood, Occupational Choice, and Risk 253 EXAMPLE 8.3 Compensating Wage Differentials in Nineteenth Century Britain 255 EMPIRICAL STUDY How Risky Are Estimates of Compensating Wage Differen¬ tials for Risk? The Errors in Variables Problem 264 APPENDIX 8A Compensating Wage Differentials and Layoffs 270 CHAPTER 9 INVESTMENTS IN HUMAN CAPITAL: EDUCATION AND TRAINING 275 Human Capital Investments: The Basic Model 277 The Concept of Present Value 277 Modeling the Human Capital Investment Decision 279 xii DETAILED CONTENTS The Demand for a College Education 281 Weighing the Costs and Benefits of College 281 Predictions of the Theory 282 Market Responses to Changes in College Attendance 287 Education, Earnings, and Post schooling Investments in Human Capital 288 Average Earnings and Educational Level 288 On the Job Training and the Concavity of Age/Earnings Profiles 290 The Fanning Out of Age/Earnings Profiles 292 Women and the Acquisition of Human Capital 293 Is Education a Good Investment? 297 Is Education a Good Investment for Individuals? 297 Is Education a Good Social Investment? 300 Is Public Sector Training a Good Social Investment? 308 EXAMPLE 9.1 War and Human Capital 276 EXAMPLE 9.2 Did the G.I. Bill Increase Educational Attainment for Returning World War II Vets? 285 EXAMPLE 9.3 Valuing a Human Asset: The Case of the Divorcing Doctor 298 EXAMPLE 9.4 The Socially Optimal Level of Educational Investment 306 EMPIRICAL STUDY Estimating the Returns to Education Using a Sample of Twins: Coping with the Problem of Unobserved Differences in Ability 310 APPENDIX 9A A Cobweb Model of Labor Market Adjustment 313 APPENDIX 9B A Hedonic Model of Earnings and Educational Level 317 CHAPTER 10 WORKER MOBILITY: MIGRATION, IMMIGRATION, AND TURNOVER 323 The Determinants of Worker Mobility 324 Geographic Mobility 325 The Direction of Migratory Flows 326 Personal Characteristics of Movers 326 The Role of Distance 328 The Earnings Distribution in Sending Countries and International Migration 329 The Returns to International and Domestic Migration 330 Policy Application: Restricting Immigration 333 U.S. Immigration History 333 Naive Views of Immigration 336 An Analysis of the Gainers and Losers 338 Do the Overall Gains from Immigration Exceed the Losses? 340 Detailed Contents xiii Employee Turnover 343 Wage Effects 344 Effects of Employer Size 344 Gender Differences 345 Cyclical Effects 345 Employer Location 346 International Comparisons 346 Is More Mobility Better? 349 EXAMPLE 10.1 The Great Migration: Southern Blacks Move North 327 EXAMPLE 10.2 Migration and One s Time Horizon 329 EXAMPLE 10.3 The Mariel Boatlift and Its Effects on Miami s Wage and Unem¬ ployment Rates 341 empirical STUDY Do Political Refugees Invest More in Human Capital than Economic Immigrants? The Use of Synthetic Cohorts 348 CHAPTER 11 PAY AND PRODUCTIVITY: WAGE DETERMINATION WITHIN THE FIRM 353 Motivating Workers: An Overview of the Fundamentals 355 The Employment Contract 355 Coping with Information Asymmetries 356 Motivating Workers 358 Motivating the Individual in a Group 360 Compensation Plans: Overview and Guide to the Rest of the Chapter 362 Productivity and the Basis of Yearly Pay 362 Employee Preferences 362 Employer Considerations 363 Productivity and the Level of Pay 369 Why Higher Pay Might Increase Worker Productivity 369 Efficiency Wages 370 Productivity and the Sequencing of Pay 372 Underpayment Followed by Overpayment 373 Promotion Tournaments 376 Career Concerns and Productivity 378 Applications of the Theory: Explaining Two Puzzles 380 Why Do Earnings Increase with Job Tenure? 380 Why Do Large Firms Pay More? 382 EXAMPLE I I. I The Wide Range of Possible Productivities: The Case of the Factory That Could Not Cut Output 354 EXAMPLE I 1.2 Calorie Consumption and the Type of Pay 360 EXAMPLE 11.3 Poor Group Incentives Doom the Shakers 366 xiv DETAILED CONTENTS EXAMPLE 1 1.4 Did Henry Ford Pay Efficiency Wages? 371 EXAMPLE I 1.5 Demanding Employers, Overworked Employees, and Neglected Families 378 EMPIRICAL STUDY Are Workers Willing to Pay for Fairness? Using Laboratory Experiments to Study Economic Behavior 384 CHAPTER 12 GENDER, RACE, AND ETHNICITY IN THE LABOR MARKET 389 Measured and Unmeasured Sources of Earnings Differences 391 Earnings Differences by Gender 391 Earnings Differences between Black and White Americans 400 Earnings Differences by Ethnicity 404 Theories of Market Discrimination 406 Personal Prejudice Models: Employer Discrimination 407 Personal Prejudice Models: Customer Discrimination 411 Personal Prejudice Models: Employee Discrimination 412 Statistical Discrimination 414 Noncompetitive Models of Discrimination 415 A Final Word on the Theories of Discrimination 419 Federal Programs to End Discrimination 420 Equal Pay Act of 1963 420 Title VII of the Civil Rights Act 420 The Federal Contract Compliance Program 423 Effectiveness of Federal Antidiscrimination Programs 426 EXAM PLE 12.1 Bias in the Selection of Musicians by Symphony Orchestras 394 EXAMPLE 12.2 The Gender Earnings Gap across Countries 397 EXAMPLE 12.3 Fear and Lathing in the Michigan Furniture Industry 413 EXAMPLE 12.4 Comparable Worth and the University 424 EMPIRICAL STUDY Can We Catch Discriminators in the Act? The Use of Field Experiments in Identifying Labor Market Discrimination 428 APPENDIX 12A Estimating Comparable Worth Earnings Gaps: An Application of Regression Analysis 433 CHAPTER 13 UNIONS AND THE LABOR MARKET 437 Union Structure and Membership 438 International Comparisons of Unionism 438 The Legal Structure of Unions in the United States 440 Constraints on the Achievement of Union Objectives 443 The Monopoly Union Model 445 The Efficient Contracts Model 446 Detailed Contents xv The Activities and Tools of Collective Bargaining 450 Union Membership: An Analysis of Demand and Supply 451 Union Actions to Alter the Labor Demand Curve 456 Bargaining and the Threat of Strikes 458 Bargaining in the Public Sector: The Threat of Arbitration 463 The Effects of Unions 466 The Theory of Union Wage Effects 466 Evidence of Union Wage Effects 470 Evidence of Union Total Compensation Effects 472 The Effects of Unions on Employment 473 The Effects of Unions on Productivity and Profits 473 Normative Analyses of Unions 475 EXAMPLE 13.1 The Effects of Deregulation on Trucking and Airlines 454 EXAMPLE 13.2 Permanent Replacement of Strikers 461 EXAMPLE 13.3 Do Right to Work Laws Matter? 475 EMPIRICAL STUDY What Is the Gap between Union and Nonunion Pay? The Importance of Replication in Producing Credible Estimates 478 APPENDIX 13A Arbitration and the Bargaining Contract Zone 482 CHAPTER 14 INEQUALITY IN EARNINGS 487 Measuring Inequality 488 Earnings Inequality Since 1980: Some Descriptive Data 491 The Occupational Distribution 492 Changes in Relative Wages 494 Relative Changes in Hours of Work 495 Growth of Earnings Dispersion within Human Capital Groups 496 Summarizing the Dimensions of Growing Inequality 498 The Underlying Causes of Growing Inequality 498 Changes in Supply 499 Changes in Institutional Forces 501 Changes in Demand 502 EXAMPLE 14.1 Labor s Share of Total Income: Raw Labor vs. Human Capital 498 EXAMPLE 14.2 Changes in the Premium to Education at the Beginning of the Twentieth Century 507 EMPIRICAL STUDY Do Parents Earnings Determine the Earnings of Their Children? The Use of Intergenerational Data in Studying Economic Mobility 508 APPENDIX 14A Lorenz Curves and Gini Coefficients 512 f1 xvi DETAILED CONTENTS F CHAPTER 15 UNEMPLOYMENT 517 A Stock Flow Model of the Labor Market 519 Sources of Unemployment 520 Rates of Flow Affect Unemployment Levels 521 Frictional Unemployment 523 The Theory of Job Search 524 Effects of Unemployment Insurance Benefits 527 Structural Unemployment 530 Occupational and Regional Unemployment Rate Differences 530 International Differences in Long Term Unemployment 532 Do Efficiency Wages Cause Structural Unemployment? 533 Demand Deficient (Cyclical) Unemployment 536 Downward Wage Rigidity 536 Financing U.S. Unemployment Compensation 540 Seasonal Unemployment 542 When Do We Have Full Employment? 544 Defining the Natural Rate of Unemployment 545 Unemployment and Demographic Characteristics 545 Demographic Change and the Natural Rate 546 What Is the Natural Rate? 547 EXAMPLE 15.1 Unemployment Insurance and Seasonal Unemployment: A Histor¬ ical Perspective 543 EMPIRICAL STUDY Do Reemployment Bonuses Reduce Unemployment? The Results of Social Experiments 548 Answers to Odd Numbered Review Questions and Problems 553 Name Index 589 Subject Index 595
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author	Ehrenberg, Ronald G. 1946- Smith, Robert S. 1940-
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geographic	USA (DE-588)4078704-7 gnd
geographic_facet	USA
id	DE-604.BV019876125
illustrated	Illustrated
indexdate	2024-07-09T20:08:10Z
institution	BVB
isbn	0321311531
language	English
lccn	2004028156
oai_aleph_id	oai:aleph.bib-bvb.de:BVB01-013200352
oclc_num	57143241
open_access_boolean
owner	DE-703 DE-1047 DE-20 DE-19 DE-BY-UBM DE-N2 DE-861 DE-Aug4 DE-83 DE-11 DE-188 DE-945
owner_facet	DE-703 DE-1047 DE-20 DE-19 DE-BY-UBM DE-N2 DE-861 DE-Aug4 DE-83 DE-11 DE-188 DE-945
physical	XX, 604 S. graph. Darst.
publishDate	2006
publishDateSearch	2006
publishDateSort	2006
publisher	Pearson 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 9. ed., Pearson internat. ed. Boston ; Munich [u.a.] Pearson Addison Wesley 2006 XX, 604 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier The Addison-Wesley series in economics Arbeidseconomie gtt Beleid gtt Emploi ram Marché du travail ram Politique de l'emploi ram Labor economics Labor policy Personnel management Arbeitsmarkttheorie (DE-588)4122827-3 gnd rswk-swf Lehrmittel (DE-588)4074111-4 gnd rswk-swf Arbeitsbeziehungen (DE-588)4002617-6 gnd rswk-swf Arbeitsökonomie (DE-588)4322126-9 gnd rswk-swf Arbeitsmarkt (DE-588)4002733-8 gnd rswk-swf Arbeitsmarktpolitik (DE-588)4002737-5 gnd rswk-swf USA (DE-588)4078704-7 gnd rswk-swf Arbeitsmarkttheorie (DE-588)4122827-3 s Arbeitsmarktpolitik (DE-588)4002737-5 s Arbeitsökonomie (DE-588)4322126-9 s DE-604 USA (DE-588)4078704-7 g Arbeitsmarkt (DE-588)4002733-8 s Arbeitsbeziehungen (DE-588)4002617-6 s 1\p DE-604 Lehrmittel (DE-588)4074111-4 s 2\p DE-604 3\p DE-604 Smith, Robert S. 1940- Verfasser (DE-588)129118001 aut http://www.loc.gov/catdir/toc/ecip054/2004028156.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013200352&sequence=000004&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 3\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 Arbeidseconomie gtt Beleid gtt Emploi ram Marché du travail ram Politique de l'emploi ram Labor economics Labor policy Personnel management Arbeitsmarkttheorie (DE-588)4122827-3 gnd Lehrmittel (DE-588)4074111-4 gnd Arbeitsbeziehungen (DE-588)4002617-6 gnd Arbeitsökonomie (DE-588)4322126-9 gnd Arbeitsmarkt (DE-588)4002733-8 gnd Arbeitsmarktpolitik (DE-588)4002737-5 gnd
subject_GND	(DE-588)4122827-3 (DE-588)4074111-4 (DE-588)4002617-6 (DE-588)4322126-9 (DE-588)4002733-8 (DE-588)4002737-5 (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	Arbeidseconomie gtt Beleid gtt Emploi ram Marché du travail ram Politique de l'emploi ram Labor economics Labor policy Personnel management Arbeitsmarkttheorie (DE-588)4122827-3 gnd Lehrmittel (DE-588)4074111-4 gnd Arbeitsbeziehungen (DE-588)4002617-6 gnd Arbeitsökonomie (DE-588)4322126-9 gnd Arbeitsmarkt (DE-588)4002733-8 gnd Arbeitsmarktpolitik (DE-588)4002737-5 gnd
topic_facet	Arbeidseconomie Beleid Emploi Marché du travail Politique de l'emploi Labor economics Labor policy Personnel management Arbeitsmarkttheorie Lehrmittel Arbeitsbeziehungen Arbeitsökonomie Arbeitsmarkt Arbeitsmarktpolitik USA
url	http://www.loc.gov/catdir/toc/ecip054/2004028156.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=013200352&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
work_keys_str_mv	AT ehrenbergronaldg modernlaboreconomicstheoryandpublicpolicy AT smithroberts modernlaboreconomicstheoryandpublicpolicy

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