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                  What's New in the Eighth Edition?

Table of Contents

Chapter 1. Introduction to Labor Economics
Chapter 2. Labor Supply
Chapter 3. Labor Demand
Chapter 4. Labor Market Equilibrium
Chapter 5. Compensating Wage Differentials
Chapter 6. Education
Chapter 7. The Wage Distribution
Chapter 8. Labor Mobility
Chapter 9. Labor Market Discrimination
Chapter 10. Labor Unions
Chapter 11. Incentive Pay
Chapter 12. Unemployment
Mathematical Appendix

Detailed Table of Contents


Chapter 1. Introduction to Labor Economics
         1. An Economic Story of the Labor Market
         2. The Actors in the Labor Market
         3. Why Do We Need a Theory?
         Appendix: An Introduction to Regression Analysis

Chapter 2. Labor Supply
         1. Measuring the Labor Force
         2. Basic Facts About Labor Supply
         3. The Worker's Preferences
         4. The Worker's Constraints
         5. The Hours of Work Decision
         6. To Work or Not to Work?
         7. The Labor Supply Curve
         8. Estimates of the Labor Supply Elasticity
         9. Household Production
         10. Correlation vs. Causation: Searching for Random Shocks
         11. Policy Application: Welfare Programs and Work Incentives
         12. Policy Application: The Earned Income Tax Credit
         13 Labor Supply over the Life Cycle
         14. Policy Application: Disability Benefits and labor Force Participation

Chapter 3. Labor Demand

         1. The Production Function
         2. The Short Run
         3. The Long Run
         4. The Long-Run Demand Curve for Labor
         5. The Elasticity of Substitution
         6. What Makes Labor Demand Elastic?
         7. Factor Demand with Many Inputs
         8. Overview of Labor Market Equilibrium
         9. Rosie the Riveter as an Instrumental Variable
         10. Policy Application: The Minimum Wage

Chapter 4. Labor Market Equilibrium
         1. Equilibrium in a Single Labor Market
         2. Equilibrium across Labor Markets
         3. Policy Application: Payroll Taxes and Subsidies
         4. Policy Application: Mandated Benefits
         5. Policy Application: The Labor Market Impact of Immigration
         6. Policy Application: The Immigration Surplus
         7. Policy Application: High-Skill Immigration
         8. The Cobweb Model
         9. Monopsony

Chapter 5. Compensating Wage Differentials

         1. The Market for Risky Jobs
         2. The Hedonic Wage Function
         3. Policy Application: How Much is a Life Worth?
         4. Policy Application: Safety and Health Regulations
         5. Compensating Differentials and Job Amenities
         6. Policy Application: Health Insurance and the Labor Market

Chapter 6. Edicatopm

         1. Education in the Labor Market: Some Stylized Facts
         2. Present Value
         3. The Schooling Model
         4. Education and Earnings
         5. Estimating the Rate of Return to Schooling
         6. Policy Application: School Construction in Indonesia
         7. Policy Application: The Education Production Function
         8. Do Workers Maximize Lifetime Earnings
         9. Signaling

Chapter 7. The Wage Structure

         1. Post-School Human Capital Investments
         2. On-the-Job Training
         3. The Age-Earnings Profile
         4. Policy Application: Training Programs
         5. Wage inequalityn
         6. Measuring Inequality
         7. The Changing Wage Distribution
         8. Policy Application: Why Did Inequality Increase?
         9. Inequality across Generations

Chapter 8. Labor Mobility

         1. Migration as a Human Capital Investment
         2. Internal Migration
         3. Family Migration
         4. The Self-Selection of Migrants
         5. Immigrant Assimilation
         6. The Job Match and Job Turnover
         7. Job Turnover and the Age-Earnings Profile

Chapter 9. Labor Market Discrimination

         1. Race and Gender in the Labor Market
         2. The Discrimination Coefficient
         3. Employer Discrimination
         4. Employee Discrimination
         5. Customer Discrimination
         6. Statistical Discrimination
         7. Experimental Evidence
         8. Measuring Discrimination
         9. Policy Application: The Black-White Wage Gap
         10. The Relative Wage of Hispanics and Asians
         11. Policy Application: The Male-Female Wage Gap

Chapter 10. Labor Unions

         1. A Brief History of American Unions
         2. Determinants of Union Membership
         3. Monopoly Unions
         4. Policy Application: The Efficiency Cost of Unions
         5. Efficient Bargaining
         6. Strikes
         7. Union Wage Effects
         8. Policy Application: Public Sector Unions

Chapter 11. Incentive Pay

         1. Piece Rates and Time Rates
         2. Tournaments
         3. Policy Application: The Compensation of Executives
         4. Policy Application: Incentive Pay for Teachers
         5. Work Incentives and Delayed Compensation
         6. Efficiency Wages

Chapter 12. Unemployment

         1. Unemployment in the United States
         2. Types of Unemployment
         3. The Steady-State Rate of Unemployment
         4. Job Search
         5. Policy Application: Unemployment Compensation
         6. The Intertemporal Substitution Hypothesis
         7. The Sectoral Shifts Hypothesis
         8. Efficiency Wages and Unemployment
         9. Policy Application: The Phillips Curve

Mathematical Appendix: Some Standard Models in Labor Economics

Sample Chapters

Chapter 2. Labor Supply
Chapter 4. Labor Market Equilibrium
Mathematical Appendix