Modern labor economics : theory and public policy

Includes bibliographical references and indexes.

Providing an extensive survey of labour economics, including current and classic research, this new edition develops the modern theory of labour market behaviour, summarizes empirical evidence that supports or contradicts each hypothesis, and illlustrates in detail the usefulness of various theories for public policy analysis. By showing the social implications of concepts, the authors enhance students' interest and motivation, and allow students to see the concepts in action. The authors also integrate contemporary, real-world examples with a focus on policy. Although this book does not require a background in economics, the authors have included 13 chapter appendices that cover more challenging material for students who have had intermediate microeconomics. There are new chapters on wage inequality, and pay and productivity, as well as addressing policies specifically relevant to business and politics. Show more Show less