
Contemporary Labor Economics, 8e presents the 'new' labor economics. In the past, study of labor was highly descriptive, emphasizing historical developments, facts, institutions, and legal considerations. Labor markets and unemployment was given some attention, but the analysis was typically minimal. This state of affairs has changed significantly in recent decades. Economists have achieved important breakthroughs in studying labor markets and problems. Labor economics is increasingly an applied field of micro and macro theory and has become a critical part of the core of analytical economics. As a result, the focus of the text is on the 'new' labor economics. However, it also presents traditional topics such as labor law, structure of unions, and collective bargaining since these issues also play an important role in labor markets. In the Eighth Edition, the authors deliver new and updated discussions of public policy issues. Additionally, the text?s integrated focus on global aspects of U.S. labor markets has continued and been expanded with this edition.



1 Labor Economics: Introduction and Overview
2 The Theory of Individual Labor Supply
3 Population, Participation Rates, and Hours of Work
4 Labor Quality: Investing in Human Capital
5 The Demand for Labor
6 Wage Determination and the Allocation of Labor
7 Alternative Pay Schemes and Labor Efficiency
8 The Wage Structure
9 Mobility, Migration, and Efficiency
10 Labor Unions and Collective Bargaining
11 The Economic Impact of Unions
12 Government and the Labor Market: Employment, Expenditures, and Taxation
13 Government and the Labor market: Legislation and Regulation
14 Labor Market Discrimination
15 Job Search: External and Internal
16 The Distribution of Personal Earnings
17 Labor Productivity: Wages, Prices, and Employment
18 Employment and Unemployment
Appendix
Glossary
Answers to ?Your Turn? Questions
Index
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