Reflections on the State of the Art in Labor Economics 3 William Darity, Jr. /I 21 ESSAYS 1 The Methodology and Practice of Modern Labor 23 Economics: A Critique Rhonda M. Williams 2 Discrimination Against Women: Theory and Evidence 53 Francine D. Blau 3 Theoretical Explanations of the Persistence of Racial 91 Unemployment Differentials Julianne Malveaux 4 The Effect of Racial Differences in Background 119 on Schooling: A Survey Linda P. Datcher 5 133 Occupational Safety and Health Regulation and Economic Theory William T. Dickens v vi CONTENTS 6 Structure, Process, and the Labor Market 175 Samuel Friedman 7 The Phillips Curve Controversy and Orthodox 219 Visions of the Labor Market Kathryn E. Allen 11/ COMMENTS 239 Comment on Chapters by Blau and Datcher 241 Saul D. Hoffman Labor Economics, Preferences, and the 257 Rationality Assumption: A Comment on Blau, Dickens, and Malveaux Samuel L. Myers, Jr. Occupational Safety and Health Regulation and 269 Economic Theory: A Comment Stephen A. Woodbury A Comment on the Market in Labor Power 279 Paul Zarembka Author Index 285 Subject Index 289 Contributing Authors 295 I INTRODUCTION REFLECTIONS ON THE STATE OF THE ART IN LABOR ECONOMICS William Darity, Jr. Preliminary Remarks As Rhonda Williams observes in the lead chapter in this volume, modern labor economics has become, for the most part, an extensive branch of ap plied microeconomics. Williams' observation has been echoed by Paul McNulty (pp.
Modern Labor Economics: Theory and Public Policy, now in its thirteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels. It offers a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. Experienced educators for nearly four decades, co-authors Ehrenberg and Smith believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. As such, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This new edition continues to offer: a balance of relevant, contemporary examples; coverage of the current economic climate; introduction to basic methodological techniques and problems; tools for review and further study. In addition to providing updated data and examples throughout, the thirteenth edition offers greater coverage of inequality, healthcare policy, and labor-replacing technologies. The text is also supported by a full range of companion online materials.
For one-semester courses in labor economics at the undergraduate and graduate levels, this book provides an overview of labor market behavior that emphasizes how theory drives public policy. Modern Labor Economics: Theory and Public Policy, Twelfth Edition gives students a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. Experienced educators for nearly four decades, co-authors Ronald Ehrenberg and Robert Smith believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. As such, the text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This text provides a better teaching and learning experience for you and your students. It will help you to: Demonstrate concepts through relevant, contemporary examples: Concepts are brought to life through analysis of hot-button issues such as immigration and return on investment in education. Address the Great Recession of 2008: Coverage of the current economic climate helps students place course material in a relevant context. Help students understand scientific methodology: The text introduces basic methodological techniques and problems, which are essential to understanding the field. Provide tools for review and further study: A series of helpful in-text features highlights important concepts and helps students review what they have learned.
Modern Labor Economics: Theory and Public Policy, now in its fourteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels. It offers a thorough overview of the modern theory of labor market behavior and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. The authors believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. Consequently, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market. This new edition continues to offer the following: a balance of relevant, contemporary examples coverage of the current economic climate an introduction to basic methodological techniques and problems tools for review and further study This fourteenth edition presents updated data throughout and a wealth of new examples, such as the impact of COVID-19 lockdowns, gig work, nudges, monopsony power in the technology industry, and the effect of machine learning on inequality. Supplementary materials for students and instructors are available on the book’s companion website.
Reflections on the State of the Art in Labor Economics 3 William Darity, Jr. /I 21 ESSAYS 1 The Methodology and Practice of Modern Labor 23 Economics: A Critique Rhonda M. Williams 2 Discrimination Against Women: Theory and Evidence 53 Francine D. Blau 3 Theoretical Explanations of the Persistence of Racial 91 Unemployment Differentials Julianne Malveaux 4 The Effect of Racial Differences in Background 119 on Schooling: A Survey Linda P. Datcher 5 133 Occupational Safety and Health Regulation and Economic Theory William T. Dickens v vi CONTENTS 6 Structure, Process, and the Labor Market 175 Samuel Friedman 7 The Phillips Curve Controversy and Orthodox 219 Visions of the Labor Market Kathryn E. Allen 11/ COMMENTS 239 Comment on Chapters by Blau and Datcher 241 Saul D. Hoffman Labor Economics, Preferences, and the 257 Rationality Assumption: A Comment on Blau, Dickens, and Malveaux Samuel L. Myers, Jr. Occupational Safety and Health Regulation and 269 Economic Theory: A Comment Stephen A. Woodbury A Comment on the Market in Labor Power 279 Paul Zarembka Author Index 285 Subject Index 289 Contributing Authors 295 I INTRODUCTION REFLECTIONS ON THE STATE OF THE ART IN LABOR ECONOMICS William Darity, Jr. Preliminary Remarks As Rhonda Williams observes in the lead chapter in this volume, modern labor economics has become, for the most part, an extensive branch of ap plied microeconomics. Williams' observation has been echoed by Paul McNulty (pp.
Labour economics as a discipline has changed dramatically in recent years. Gone are the days of a "job for life". These days, firms and employees are part of a less regulated, more fluid, and more international labour market. Knowledge, training, human resource development and human capital are all major factors on the contemporary scene. This new textbook is the first properly international textbook to reflect these swingeing changes. Its key areas of concentration include: the increasing importance of human capital including education and occupational choice the major subdivision of personnel economics including economic inactivity and absenteeism comparative cross country studies and the impact of globalization and migration on national labour markets equal opportunities and issues of discrimination on the basis of race, gender and disability conflict at work, including both strikes and, uniquely, individual disputes. Other issues explored include the supply and demand of labour, wages, the current role of trade unions, bargaining and conflict, and working time. The book is written in a clear, accessible way with some mathematical exposition, reflecting the text’s grounding in current microeconomic theory. The book also contains case studies designed to illuminate theoretical concepts and exercises and discussion questions to test the students understanding of the various concepts outlined in the text.
This is the eBook of the printed book and may not include any media, website access codes, or print supplements that may come packaged with the bound book. A clear, comprehensive introduction to labor market behavior. In addition to presenting core theory, Ehrenberg/Smith summarizes empirical evidence for or against each hypothesis, and illustrates the usefulness of theory for public policy analysis. The authors continue to make this text a comprehensive resource in the eleventh edition, through a focus on factual information about the labor market and professional literature in labor economics.
This edition of the introductory text in labor economics develops the modern theory of labor market behavior, summarizes empirical evidence that supports or contradicts each hypothesis, and illustrates the usefulness of the theory for public policy analysis. It presents an overview of demand and supply in labor markets, and deals with labor supply issues, compensation, unionism, public sector labor markets, discrimination, and the macroceonomic issues of inflation and unemployment. The edition provides new discussions of implicit contracting and asymmetric information; selectivity bias in rates of return to education; sex differences in the choice of college majors; firm size and gender effects on quit rates; the effects of union on profitability; and determinants of retirement age. It also includes analyses of state fair employment practice laws and Title VII of the Civil Rights Act. ISBN 0-673-18105-7 : $26.95.
Abdurakhmanov, K. Kh. Labour Economics. Theory and practice: textbook: / K.Kh. Abdurakhmanov Issues of labour economics and evolution of the economic views of Eastern thinkers, the process of attracting and using labour power, new forms of employment, the labour market, the economics of social and labour relations, organization and wages, incomes of workers, level and quality of life of the population, as well as the strategy of decent work in innovative conditions of economic development are considered in the textbook. For students of economic specialization of Central Asia studying in Europe and the United States and the widest range of readers interested in problems of Economics Republic of Uzbekistan. This book “Labour Economics: Theory and Practice” was presented at the International Conference This book “Labour Economics: Theory and Practice” was presented at the International Conference in 2019 in Tashkent, Uzbekistan, with participation of Government of the Republic of Uzbekistan and Russian Federation as well as foreign countries Embassies, and in particular UK Ambassador in Tashkent, Uzbekistan Timothy Torlot. As it is known, during 25 years of independence of the Republic of Uzbekistan scientists and researchers have not had opportunity to exchange research, the latest scientific achievements and developments. Over the past 3 years new President of Uzbekistan Shavkat Mirziyoyev has fundamentally changed his approach to domestic and foreign policy of the country, due to which Central Asian region has entered a new stage in development of interactions in cultural and humanitarian cooperation. There arose a necessity of interaction between scientists to deepen cultural and humanitarian cooperation. Academician Kalandar Abdurakhmanov was the first who presented new generation textbook “Labor Economics: Theory and Practice” in Uzbek at international conference, and arose a great interest of international scientific community in this scientific work, as a result, the textbook was firstly translated from Uzbek into Russian, Kazakh, Kyrgyz, Tajik and English. And it is planned to publish the textbook in Chinese, Japanese, Malaysian and Indonesian. It shows that scientists of new generation and format are represented in the Republic of Uzbekistan. In February 2019, the leading academic economist, academician of the Academy of Sciences of the Republic of Uzbekistan, Kalandar Abdurakhmanov presented the fundamental work in Uzbek language “Labor Economics, Theory and Practice”, devoted to modern issues of sustainable employment formation and strengthening the role of human resources in modern conditions of innovative development of the economy. During the International Conference “Plekhanov International Readings”, a global scientific conference held in Tashkent, Uzbekistan in 2019, after acquaintance of the scientific community with this textbook, an idea of rector of the Russian Economic University named after G.V. Plekhanova, Victor Grishin to publish the Uzbek textbook “Labor Economics. Theory and Practice” in the Russian Federation in Russian language was put forward. It should be noted that the scientific community of a number of Central Asian states also showed their interest in this publication. This is due to the fact that the new, revised and updated edition of the textbook “Labor Economics. Theory and practice” of academician Kalandar Abdurakhmanov is a fundamental work, covering the latest achievements of this science. Writing of this textbook is totally a new step in the direction of high qualified personnel training that is full with innovative changes on a global scale. The scientific community of a number of foreign countries also showed their interest in the publication, as University students in developed countries study the sciences of Labor economics and Modern Labor economics, which cover the most modern areas of labor economics theory. In the textbook academician Kalandar Abdurakhmanov takes into account all the latest achievements in this discipline. The author of the textbook is academician of the Academy of Sciences of the Republic of Uzbekistan Kalandar Abdurakhmanov has extensive experience in this field. Scientific monographs, textbooks and tutorials of the academician are published in the USA, Germany, France, Norway, China, Malaysia, Indonesia, Finland, South Korea, Japan, Russia and other countries. Created on the basis of Tashkent State University of Economy and led by it, the scientific school “Labor Economics” is successfully engaged in scientific research on the problems of social and labor relations, studying aspects of improving personnel management, organizing remuneration, improving the mechanism of the labor market, employment issues, conducting scientific disputes, round tables, seminars and conferences on these topics with the participation of leading scientists and economists on labor issues of Uzbekistan. Priority areas have been approved as part of the activities of the scientific school scientific research for 2020-2021 on the preparation and publication of monographs, scientific collections. Academician Kalandar Abudrakhmanov has published more than 15 articles in Scopus, one of the most respected collections of bibliographic and abstract scientific materials in the world, as well as in the Web of Science. All this, of course, explains the great interest in the new textbook, with the new economic approaches of academician Kalandar Abdurakhmanov both from scientists from the Central Asian region, the Russian Federation, and from foreign countries. This scientific work embodies ideas that have recently been shared by many domestic and foreign researchers in the field of labor economics. The book is written at a high professional level. The textbook for the first time disclosed the theoretical aspects of not only Western leading economists, but also examined the evolutionary stages of the economic views of Eastern thinkers such as Abu Nasr al-Farabi, Muhammad Khorezmi, Abu Rayhon Biruni, Abu Ali ibn Sina (Avicenna), Khoja Ahmed Yasawi, Mirzo Ulugbek, Alisher Navoi, Amir Temur, Babur and many other geniuses, not only of Islamic, but also of world civilization.
Comprehensively surveying the field of labor economics, this market-leading textbook showcases both current and classic research. The authors develop the modern theory of labor market behavior, summarize empirical evidence supporting or contradicting each hypothesis, and illustrate the usefulness of various theories for public policy analysis. In addition to the policy examples woven throughout the narrative, each chapter offers two or more cases that illustrate the application of theory in a nontraditional, business, historical, or cross-cultural context. The Eighth Edition provides updated coverage and references to the professional literature throughout, as well as many new boxed policy examples and new end-of-chapter numerical problems.
