Labor economics:
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, Mass. [u.a.]
MIT Press
2014
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| Ausgabe: | 2. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XXXI, 1043 S. graph. Darst. |
| ISBN: | 9780262027700 0262027704 |
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Datensatz im Suchindex
| _version_ | 1804152441031098368 |
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| adam_text | Titel: Labor economics
Autor: Cahuc, Pierre
Jahr: 2014
Contents Preface xv Introduction xvii Acknowledgments xxxiii PART ONE Labor Supply and Demand Behaviors l CHAPTER 1 Labor Supply 3 1 Facts About Labor Supply 5 1.1 Basic Definitions 5 1.2 The Trend in the Amount of Time Worked 5 1.3 The Evolution of Participation Rates 7 1.4 Part-Time Work by Women 10 1.5 Leisure and Home Production 11 2 The Neoclassical Theory of Labor Supply 13 2.1 The Choice Between Consumption.and Leisure 13 2.2 Labor Supply with Household Production and Within the Family 23 2.3 Life Cycle and Retirement 28 3 Empirical Aspects of Labor Supply 38 3.1 Estimation of the Structural Parameters of Labor Supply Models 39 3.2 Main Results in the Literature 50 4 Summary and Conclusion 58 5 Related Topics in the Book 59 6 Further Readings 59 7 Appendices 60 7.1 Properties of Indifference Curves 60 7.2 The Properties of the Labor Supply Function 60 7.3 Compensated and Noncompensated Elasticity 61 7.4 Frischian, Hicksian, and Marshallian Elasticities ofLabor Supply 62 7.5 Sample Selection 68 CHAPTER 2 Labor Demand 77 1 The Static Theory of Labor Demand 1.1 Labor Demand in the Short Run 81 81
vi I Contents 1.2 The Substitution of Capital for Labor 83 1.3 Scale Effects 90 1.4 Beyond Two Inputs 95 1.5 The Trade-off Between Workers and Hours 101 2 From Theory to Estimate 113 2.1 Specific Functional Forms for Factor Demands 113 2.2 Main Issues and Main Results 116 3 Dynamic Labor Demand 118 3.1 The Costs of Labor Adjustment 119 3.2 The Adjustment of Employment in a Deterministic Environment 122 3.3 The Adjustment of Labor Demand in a Stochastic Environment 128 3.4 Empirical Aspects of Labor Demand in the Presence of Adjustment Costs 135 4 Summary and Conclusion 138 5 Related Topics in the Book 139 6 Further Readings 140 7 Appendices 140 7.1 The Convexity of Isoquants 140 7.2 The Properties of Cost Functions 141 7.3 The Optimal Value of Hours Worked 144 CHAPTER 3 Competitive Equilibrium and Compensating Wage Differentials 151 1 The Competitive Equilibrium 153 1.1 Perfect Competition with Identical Workers and Jobs of Equal Difficulty 153 1.2 The Question of Tax Incidence 156 1.3 The Effect of a Shock on Labor Supply 159 1.4 Other Evidence on the Impact of Massive Shocks 169 2 Compensating Wage Differentials and the Hedonic Theory of Wages 169 2.1 A Simple Model of Compensating Wage Differentials 170 2.2 Does the Hedonic Theory of Wages Really Apply? 174 3 Assortative Matching 180 3.1 A Competitive Equilibrium with Assignment 181 3.2 An Illustration: The Upswing in CEO Remuneration 184 4 Summary and Conclusion 187 5 Related Topics in the Book 187 6 Further Readings 188
Contents I vil CHAPTER 4 Education and Human Capital 191 1 Some Facts 192 1.1 Spending on Education 192 1.2 Graduation Rates 194 1.3 Education and Performance on the Labor Market 196 2 The Theory of Human Capital 198 2.1 The Relation Between Earnings and Human Capital 199 2.2 Schooling and Wage Earnings 201 2.3 Education, Training, and Life-Cycle Earnings 204 3 Education as a Signaling Device 208 3.1 A Model with Signaling 209 3.2 Overeducation or Undereducation? 212 4 Identifying the Causal Relation Between Education and Income 214 4.1 The Theory of Human Capital: From the Model to Estimates 215 4.2 The Selection Problem 218 5 The Returns to Education 230 5.1 Private Returns to Education 230 5.2 Private Nonpecuniary Returns to Education 236 5.3 Social Returns to Education 236 5.4 What Is Really Important in Education? 239 6 Summary and Conclusion 245 7 Related Topics in the Book 246 8 Further Readings 246 PART TWO Imperfectly Competitive Labor Markets 251 CHAPTER 5 Job Search 253 1 What Do Job Seekers Do? 255 1.1 How Job Seekers Spend Their Time 256 1.2 How Economic Incentives Affect the Time Dedicated to Job Search 257 1.3 Methods of Job Search: An Internet Revolution? 258 2 Basic Job Search Theory 260 2.1 The Basic Model 260 2.2 Extensions of the Basic Model 269 3 Empirical Aspects of Job Search 280 3.1 The Identification Strategy 281 3.2 Estimation 284 3.3 Main Results on the Determinants of Unemployment Duration 295
viii I Contents 4 Search Frictions and Wage Differentials 300 4.1 Empirical Facts About Wage Differentials 300 4.2 The Equilibrium Search Model 303 5 Summary and Conclusion 316 6 Related Topics in the Book 317 7 Further Readings 317 CHAPTER 6 Contracts, Risk-Sharing, and Incentive 325 1 The Labor Contract 327 1.1 Explicit and Implicit Clauses 327 1.2 Complete and Incomplete Contracts 328 1.3 The Agency Model 329 2 Risk-Sharing 329 2.1 Symmetric or Verifiable Information 331 2.2 Asymmetric or Unverifiable Information 337 3 Incentive in the Presence of Verifiable Results 342 3.1 The Principal-Agent Model with Hidden Action 343 3.2 Should Remuneration Always Be Individualized? 349 3.3 Some Reasons That Performance Pay May Be Inefficient 351 4 Incentive in the Absence of Verifiable Results 355 4.1 Promotions and Tournaments 355 4.2 Seniority and Incentives 362 4.3 Efficiency Wage and Involuntary Unemployment 371 5 Social Preferences 377 5.1 Gift Exchange, Reciprocity 377 5.2 Intrinsic Motivation and Reputation 383 6 Summary and Conclusion 389 7 Related Topics in the Book 390 8 Further Readings 390 9 Appendix: The Properties of the Net Reputational Payoff Function 391 CHAPTER 7 Collective Bargaining and Labor Unions 401 1 Facts About Unions and Collective Bargaining 403 1.1 The Characteristics and Importance of Collective Agreements 403 1.2 The Determinants of Union Density 409 2 Bargaining Theory 413 2.1 The Precursors 413 2.2 The Axiomatic Approach 415 2.3 The Strategic Approach 416 2.4 Labor Conflicts: Strikes and Arbitration 423
Contents I IX 3 Models of Collective Bargaining for Wages, Employment, and Investment 426 3.1 The Objective of Labor Unions 426 3.2 Models of Collective Bargaining 431 3.3 Negotiations and Investment 445 4 Empirical Evidence Regarding the Consequences of Collective Bargaining 448 4.1 The Estimation of the Union Wage Gap by Ordinary Least Squares 448 4.2 Regression Discontinuity 452 4.3 Wage Inequalities 456 4.4 Employment 458 4.5 Productivity and Profits 462 4.6 Investment and Capital Structure 464 5 Summary and Conclusion 465 6 Related Topics in the Book 467 7 Further Readings 467 8 Appendices 467 8.1 Unicity of Solution 467 8.2 The Correspondence Between the Nash Axiomatic Solution and the Subgame Perfect Equilibrium of Rubinstein’s Model 468 CHAPTER 8 Discrimination 479 1 Some Facts About Wage and Employment Differences 481 1.1 Women Versus Men 481 1.2 Gaps Between Ethnic Groups 483 2 Theories of Discrimination 488 2.1 Taste Discrimination 488 2.2 Statistical Discrimination 491 3 Measuring Wage Discrimination 495 3.1 Estimations of Wage Equations: The Case of the Black-White Wage Gap 496 3.2 Decomposition Methods: The Case of the Gender Wage Gap 504 3.3 Direct Assessment of Discrimination 514 4 Empirical Results Regarding Discrimination 520 4.1 Race- and Ethnicity-Related Discrimination 520 4.2 Gender Discrimination 524 4.3 Sexual Orientation and Discrimination 528 4.4 The Premium for Beauty 532 5 How to Reduce Inequality Among Demographic Groups 534 5.1 Affirmative Action 535 5.2 The Importance of Premarket Factors 537
x I Contents 6 Summary and Conclusion 541 7 Related Topics in the Book 542 8 Further Readings 543 PART THREE Job Creation, Job Destruction, and Unemployment 551 CHAPTER 9 Equilibrium Unemployment 553 1 Facts 555 1.1 Unemployment, Employment, and Participation 555 1.2 Jobs Flows 563 1.3 Worker Flows 567 2 The Competitive Model with Labor Adjustment Costs 578 2.1 Job Reallocation and Labor Market Equilibrium 578 2.2 The Efficiency of the Competitive Equilibrium 581 2.3 The Limitations of the Competitive ModeT 582 3 The Matching Model 583 3.1 The Matching Function and the Beveridge Curve 583 3.2 The Behavior of Firms and Workers 589 3.3 Wage Bargaining 592 3.4 Labor Market Equilibrium 596 4 The Efficiency of Market Equilibrium 600 4.1 Trading Externalities 600 4.2 The Social Optimum 601 4.3 Is Labor Market Equilibrium Necessarily Inefficient? 603 5 Investment and Employment 606 5.1 The Investment Decision 607 5.2 Wage Bargaining 609 5.3 The Adjustment Lag of Capital 610 6 Unemployment Fluctuations 610 6.1 The Dynamics of the Vacancies and Unemployment 610 6.2 The Unemployment Volatility Puzzle 613 7 Summary and Conclusion 620 8 Related Topics in the Book 621 9 Further Readings 621 CHAPTER 10 Technological Progress, Unemployment, and Inequality 627 1 Technological Progress and Unemployment 628 1.1 Facts About Technological Progress, Labor Productivity, and Unemployment 629 1.2 The Capitalization Effect 633 1.3 Creative Destruction 638
Contents I XI 2 Technological Progress and Inequality 646 2.1 Facts on Wages and Occupations 647 2.2 A Model with Skills and Tasks 649 2.3 What Empirical Research Tells Us 657 2.4 The Role of Institutions 666 2.5 Endogenous Technological Progress 668 3 Summary and Conclusion 670 4 Related Topics in the Book 670 5 Further Readings 671 6 Appendices 671 6.1 The Relation Between 6 and g 671 6.2 Properties of the Assignment Model 672 CHAPTER 11 Globalization, Employment, and Inequality 677 1 International Trade and Labor Markets: Facts and Theories 679 1.1 The Rise in the Volume of Trade and Its Consequences 679 1.2 The Stolper and Samuelson Theorem 685 1.3 Firms’Selection and Trade 688 2 International Trade and Labor Markets: Empirical Evidence 697 2.1 Empirical Evidence at the Macro Level 697 2.2 Empirical Evidence at the Micro Level 708 3 Migrations 714 3.1 The Characteristics of Migrations 714 3.2 Theory 722 3.3 Empirical Results 726 4 Summary and Conclusion 733 5 Related Topics in the Book 734 6 Further Readings 734 7 Appendix 734 PART FOUR Public Policies 741 CHAPTER 12 Income Redistribution 743 1 Taxation and Transfers 745 1.1 The Main Features of Taxes in OECD Countries 745 1.2 The Effect of Taxes on the Labor Market 759 1.3 What Empirical Studies Tell Us 767 2 The Minimum Wage 786 2.1 A Constraint of Varying Strength from Country to Country 787 2.2 Minimum Wage and Employment 793
xii I Contents 2.3 The Employment Impact of the Minimum Wage in Light of Empirical Research 800 2.4 The Quality of Jobs 808 2.5 The Minimum Wage and Inequality 809 2.6 Is the Minimum Wage an Efficient Way to Redistribute Income? 810 3 Summary and Conclusion 811 4 Related Topics in the Book 812 5 Further Readings 813 6 Appendix: Solution to the Rogerson and Wallenius Model 813 CHAPTER 13 Insurance Policies 823 1 Unemployment Insurance 824 1.1 An Overview of Unemployment Insurance Systems 825 1.2 The Basic Analysis of Optimal Unemployment Insurance 836 1.3 The Optimal Level of Unemployment Benefit in Practice 840 1.4 Optimal Unemployment Insurance in a Dynamic Environment 848 2 Employment Protection 856 2.1 What Is Employment Protection? 857 2.2 The Effects of Employment Protection 862 2.3 What Empirical Studies Show 873 3 The Interplay Between Employment Protection and Unemployment Insurance 881 3.1 The Protection of Workers from Arbitrary Dismissals 882 3.2 The Internalization of the Social Costs of Labor Turnover 883 4 Summary and Conclusion 889 5 Related Topics in the Book 891 6 Further Readings 891 7 Appendix: The Coefficient of Relative Risk Aversion and the Coefficient of Relative Prudence 891 CHAPTER 14 Active Labor Market Policies 899 1 Labor Market Policies: An International Perspective 900 1.1 What Are Active Labor Market Policies? 900 1.2 Differences Between Countries 904
2 Active Policies: Theoretical Analysis 913 2.1 Manpower Placement Services 913 2.2 Why Promote Training? 918 2.3 Employment Subsidies and the Creation of Public-Sector Jobs 929 2.4 The Equilibrium Effects of Targeted Measures 933 3 Evaluating Labor Market Policies 941 3.1 The Challenges Ahead: Selection Bias and Externalities 941 3.2 Evaluation Based on Controlled Experiments 944 3.3 Evaluation Based on Observational Data 952 4 The Main Empirical Results 964 4.1 An Overview: Results from Meta-analysis 964 4.2 Job Search Assistance and Monitoring 968 4.3 Training Programs 973 4.4 Hiring Subsidies 979 4.5 Temporary Public Jobs 981 4.6 Equilibrium Effects 982 5 Conclusion and Summary 983 6 Related Topics in the Book 985 7 Further Readings 985 Mathematical Appendices 993 1 Appendix A: Static Optimization 993 1.1 Unconstrained and Constrained Maximum 993 1.2 The Technique of the Lagrangian 994 1.3 The Interpretation of the Lagrange Multipliers 995 1.4 Summary and Practical Guide to Static Optimization 995 1.5 The Envelope Theorem 996 2 Appendix B: Dynamic Optimization 998 2.1 The Optimal Control Problem 998 2.2 The First-Order Conditions 999 2.3 Infinite Horizon 1000 2.4 Calculus of Variations and the Euler Equation 1000 2.5 Summary and Practical Guide to Optimal Control 1001 3 Appendix C: Basic Notions Concerning Random Variables 1002 3.1 Random Variables and Probability Densities 1002 3.2 Independence and Correlation 1003 3.3 Some Common Probability Distributions 1004
XIV I Contents 4 Appendix D: The Poisson Process and the Value of an Asset 1006 4.1 The Poisson Process 1006 4.2 Evolution of the Value of an Asset 1007 4.3 An Alternative Proof 1008 Name Index 1009 Subject Index 1021
|
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| author | Cahuc, Pierre 1962- Carcillo, Stéphane Zylberberg, André 1947- |
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| dewey-full | 331 |
| dewey-hundreds | 300 - Social sciences |
| dewey-ones | 331 - Labor economics |
| dewey-raw | 331 |
| dewey-search | 331 |
| dewey-sort | 3331 |
| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 2. ed. |
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| spellingShingle | Cahuc, Pierre 1962- Carcillo, Stéphane Zylberberg, André 1947- Labor economics Arbeitsmarktpolitik (DE-588)4002737-5 gnd Arbeitsmarkttheorie (DE-588)4122827-3 gnd Arbeitsökonomie (DE-588)4322126-9 gnd |
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| title | Labor economics |
| title_alt | Marché du travail |
| title_auth | Labor economics |
| title_exact_search | Labor economics |
| title_full | Labor economics Pierre Cahuc ; Stephane Carcillo ; Andre Zylberberg |
| title_fullStr | Labor economics Pierre Cahuc ; Stephane Carcillo ; Andre Zylberberg |
| title_full_unstemmed | Labor economics Pierre Cahuc ; Stephane Carcillo ; Andre Zylberberg |
| title_short | Labor economics |
| title_sort | labor economics |
| topic | Arbeitsmarktpolitik (DE-588)4002737-5 gnd Arbeitsmarkttheorie (DE-588)4122827-3 gnd Arbeitsökonomie (DE-588)4322126-9 gnd |
| topic_facet | Arbeitsmarktpolitik Arbeitsmarkttheorie Arbeitsökonomie |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=027464101&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT cahucpierre marchedutravail AT carcillostephane marchedutravail AT zylberbergandre marchedutravail AT cahucpierre laboreconomics AT carcillostephane laboreconomics AT zylberbergandre laboreconomics |