Labor Economics, 8th Edition
- Length: 498 pages
- Edition: 8
- Language: English
- Publisher: McGraw Hill
- Publication Date: 2021-02-09
- ISBN-10: 1260565521
- ISBN-13: 9781260565522
- Sales Rank: #554805 (See Top 100 Books)
ISBN: 9781260565522 is an International Student Edition of Labor Economics 8th Edition by: George Borjas. This ISBN: 9781260565522 is Textbook only. It will not come with online access code. Online Access code (should only be purchased when required by an instructor ) sold separately at other ISBN The content of of this title on all formats are the same. Labor Economics, eighth 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 Connect, proven to increase student engagement and success in the course.
Cover Labor Economics About the Author Dedication Preface to the Eighth Edition Acknowledgments Contents in Brief Contents Chapter 1: Introduction 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 Appendix: An Introduction to Regression Analysis Key Concepts Chapter 2: Labor Supply 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 Household Production 2-10 Correlation versus Causation: Searching for Random Shocks 2-11 Policy Application: Welfare Programs and Work Incentives 2-12 Policy Application: The Earned Income Tax Credit 2-13 Labor Supply over the Life Cycle 2-14 Policy Application: Disability Benefits and Labor Force Participation Theory at Work: Dollars and Dreams Theory at Work: Gaming the EITC Summary Key Concepts Review Questions Problems Selected Readings Chapter 3: Labor Demand 3-1 The Production Function 3-2 The Short Run 3-3 The Long Run 3-4 The Long-Run Demand Curve for Labor 3-5 The Elasticity of Substitution 3-6 What Makes Labor Demand Elastic? 3-7 Factor Demand with Many Inputs 3-8 Overview of Labor Market Equilibrium 3-9 Rosie the Riveter as an Instrumental Variable 3-10 Policy Application: The Minimum Wage Theory at Work: California’s Overtime Regulations Theory at Work: The Minimum Wage and Drunk Driving Summary Key Concepts Review Questions Problems Selected Readings Chapter 4: Labor Market Equilibrium 4-1 Equilibrium in a Single Labor Market 4-2 Equilibrium across Labor Markets 4-3 Policy Application: Payroll Taxes and Subsidies 4-4 Policy Application: Mandated Benefits 4-5 The Labor Market Impact of Immigration 4-6 The Immigration Surplus 4-7 Policy Application: High-Skill Immigration 4-8 The Cobweb Model 4-9 Monopsony Theory at Work: The Intifadah and Palestinian Wages Theory at Work: Hurricanes and the Labor Market Summary Key Concepts Review Questions Problems Selected Readings Chapter 5: Compensating Wage Differentials 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 Theory at Work: Jumpers in Japan Theory at Work: The Value of Life on the Interstate Summary Key Concepts Review Questions Problems Selected Readings Chapter 6: Education 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 School 6-6 Policy Application: School Construction in Indonesia 6-7 Policy Application: The Education Production Function 6-8 Do Workers Maximize Lifetime Earnings? 6-9 Signaling Theory at Work: Destiny at Age 6 Theory at Work: Booker T. Washington and Julius Rosenwald Summary Key Concepts Review Questions Problems Selected Readings Chapter 7: The Wage Distribution 7-1 Postschool Human Capital Investments 7-2 On-the-Job Training 7-3 The Age–Earnings Profile 7-4 Policy Application: Training Programs 7-5 Wage Inequality 7-6 Measuring Inequality 7-7 The Changing Wage Distribution 7-8 Policy Application: Why Did Inequality Increase? 7-9 Inequality Across Generations Theory at Work: Earnings and Substance Abuse Theory at Work: Computers, Pencils, and the Wage Distribution Summary Key Concepts Review Questions Problems Selected Readings Chapter 8: Labor Mobility 8-1 Migration as a Human Capital Investment 8-2 Internal Migration 8-3 Family Migration 8-4 The Self-Selection of Migrants 8-5 Immigrant Assimilation 8-6 The Job Match and Job Turnover 8-7 Job Turnover and the Age–Earnings Profile Theory at Work: Power Couples Theory at Work: Health Insurance and Job Lock Summary Key Concepts Review Questions Problems Selected Readings Chapter 9: Labor Market Discrimination 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 9-8 Measuring Discrimination 9-9 Policy Application: The Black–White Wage Gap 9-10 The Relative Wage of Hispanic and Asians 9-11 Policy Application: The Male–Female Wage Gap Theory at Work: Beauty and the Beast Theory at Work: Orchestrating Impartiality Theory at Work: Shades of Black Summary Key Concepts Review Questions Problems Selected Readings Chapter 10: Labor Unions 10-1 A Brief History of American Unions 10-2 Determinants of Union Membership 10-3 Monopoly Unions 10-4 Policy Application: The Efficiency Cost of Unions 10-5 Efficient Bargaining 10-6 Strikes 10-7 Union Wage Effects 10-8 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 Summary Key Concepts Review Questions Problems Selected Readings Chapter 11: Incentive Pay 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 A Soul Worth? Theory at Work: Did Henry Ford Pay Efficiency Wages? Summary Key Concepts Review Questions Problems Selected Readings Chapter 12: Unemployment 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 12-6 The Intertemporal Substitution Hypothesis 12-7 The Sectoral Shifts Hypothesis 12-8 Efficiency Wages and Unemployment 12-9 Policy Application: The Phillips Curve Theory at Work: Graduating During a Recession Theory at Work: Cash Bonuses and Unemployment Summary Key Concepts Review Questions Problems Selected Readings Mathematical Appendix: Some Standard Models in Labor Economics Indexes Name Index Subject Index
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