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Full Description
Examine the essential aspects of modern labor economics from an international perspective with Hyclak/Johnes/Thornton's highly accessible FUNDAMENTALS OF LABOR ECONOMICS, 3E. This convenient, digital edition provides a comprehensive survey of economic theory and empirical evidence on purely competitive labor markets. These acclaimed authors examine the impact of imperfect competition, incomplete information and uncertainty, and institutional factors -- stemming from government regulation, unions, social norms, and human resource management policies -- on wages and employment opportunities. The latest updates address important issues today, such as wage and income inequality, labor market effects of international migration, the impact of occupational licensing on wages and employment, and labor aspects of the current "gig" economy. First-hand labor economics research and results further enhance your understanding of the world in which you will work and manage employees.
Contents
1. The Study of Labor Economics.
2. The Demand for Labor.
3. Topics in Labor Demand
4. The Supply of Labor: Labor Force Participation.
5. The Supply of Labor: Hours of Work.
6. Human Capital Analysis.
7. Labor Market Equilibrium.
8. Information and Job Search.
9. Monopsony and Minimum Wages.
10. Internal Labor Markets.
11. Personnel Economics.
12. Unions and Collective Bargaining.
13. Labor Market Discrimination.
14. Unemployment.
15. Wage Inequality, Income Inequality, and Poverty.
