Labor Markets in the Twentieth Century

Labor Markets in the Twentieth Century

Author: Claudia Dale Goldin

Publisher:

Published: 1994

Total Pages: 100

ISBN-13:

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The study of the labor market across the past hundred years reveals enormous progress and also that history repeats itself and has come full circle in some ways. Progress has been made in the rewards of labor -- wages, benefits, and increased leisure through shorter hours, vacation time, sick leave, and earlier retirement. Labor has been granted added security on the job and more safety nets when unemployed, ill, and old. Progress in the labor market has interacted with societal changes. Women's increased participation in the paid labor force is the most significant. The virtual elimination of child and full-time juvenile labor is another. Two of the most pressing economic issues of our day demonstrate that history repeats itself. Labor productivity has been lagging since the 1970s. It was equally sluggish at other junctures in American history, but the present has unique features. The current slowdown in the United States has been accompanied by a widening in the wage structure. Rising inequality is a far more serious problem because of the coincidence. The wage structure was as wide in 1940 as today but there is, to date, no hard evidence when it began its upward trend. The wage structure has, therefore, come full circle to what it was more than a half century ago. Union strength has also come full circle to that at the turn of this century.


Labor Economics: Problems in Analyzing Labor Markets

Labor Economics: Problems in Analyzing Labor Markets

Author: William A. Darity, Jr.

Publisher: Springer Science & Business Media

Published: 2012-12-06

Total Pages: 307

ISBN-13: 940112938X

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William Darity, Jr. In 1984 the Kluwer series in Modern Economic Thought, under the editorial direction of Warren Samuels, brought out a book under my editorship entitled Labor Economics: Modern Views. It consisted of a series of essays and commentaries that sought, in a critical fashion, to assess the state of the art in the field of labor economics with respect to several themes. These included methodology versus practice, the analysis of discrimination by gender and race, the phenomenon of persistent racial differences in un employment exposure, occupational safety and health regulation, dual versus segmented labor markets, and the remnants of the Phillips curve trade-off between unemployment and inflation. Nearly a decade later I was approached by Warren Samuels and Kluwer about editing a new book that would again address where things stand in labor economics. In proceeding with the development of this current book I was a struck by the extent to which the research thrust that was apparent in the early 1980s remains intact as we move toward the 21st century. The vast majority of scholarship in the labor subfield is dominated by the methodological orientation of applied neoclassical microeconomics, supplemented by incursions from the themes that occupy the so-called "pure theorists," particularly of the game theoretic variety.


High Wage Workers and High Wage Firms

High Wage Workers and High Wage Firms

Author: John M. Abowd

Publisher: Université de Montréal, Centre de recherche et développement en économique

Published: 1994

Total Pages: 94

ISBN-13:

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We study a longitudinal sample of over one million French workers and over 500,000 employing firms. Real total annual compensation per worker is decomposed into components related to observable characteristics, worker heterogeneity, firm heterogeneity and residual variation. Except for the residual, all components may be correlated in an arbitrary fashion. At the level of the individual, we find that person-effects, especially those not related to observables like education, are the most important source of wage variation in France. Firm-effects, while important, are not as important as person-effects. At the level of firms, we find that enterprises that hire high-wage workers are more productive but not more profitable. They are also more capital and high-skilled employee intensive. Enterprises that pay higher wages, controlling for person-effects, are more productive and more profitable. They are also more capital intensive but are not more high-skilled labor intensive. We also find that person-effects explain 92% of inter-industry wage differentials.


Monthly Labor Review

Monthly Labor Review

Author:

Publisher:

Published: 2007-05

Total Pages: 140

ISBN-13:

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Publishes in-depth articles on labor subjects, current labor statistics, information about current labor contracts, and book reviews.


Labor's Love Lost

Labor's Love Lost

Author: Andrew J. Cherlin

Publisher: Russell Sage Foundation

Published: 2014-12-04

Total Pages: 273

ISBN-13: 1610448448

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Two generations ago, young men and women with only a high-school degree would have entered the plentiful industrial occupations which then sustained the middle-class ideal of a male-breadwinner family. Such jobs have all but vanished over the past forty years, and in their absence ever-growing numbers of young adults now hold precarious, low-paid jobs with few fringe benefits. Facing such insecure economic prospects, less-educated young adults are increasingly forgoing marriage and are having children within unstable cohabiting relationships. This has created a large marriage gap between them and their more affluent, college-educated peers. In Labor’s Love Lost, noted sociologist Andrew Cherlin offers a new historical assessment of the rise and fall of working-class families in America, demonstrating how momentous social and economic transformations have contributed to the collapse of this once-stable social class and what this seismic cultural shift means for the nation’s future. Drawing from more than a hundred years of census data, Cherlin documents how today’s marriage gap mirrors that of the Gilded Age of the late-nineteenth century, a time of high inequality much like our own. Cherlin demonstrates that the widespread prosperity of working-class families in the mid-twentieth century, when both income inequality and the marriage gap were low, is the true outlier in the history of the American family. In fact, changes in the economy, culture, and family formation in recent decades have been so great that Cherlin suggests that the working-class family pattern has largely disappeared. Labor's Love Lost shows that the primary problem of the fall of the working-class family from its mid-twentieth century peak is not that the male-breadwinner family has declined, but that nothing stable has replaced it. The breakdown of a stable family structure has serious consequences for low-income families, particularly for children, many of whom underperform in school, thereby reducing their future employment prospects and perpetuating an intergenerational cycle of economic disadvantage. To address this disparity, Cherlin recommends policies to foster educational opportunities for children and adolescents from disadvantaged families. He also stresses the need for labor market interventions, such as subsidizing low wages through tax credits and raising the minimum wage. Labor's Love Lost provides a compelling analysis of the historical dynamics and ramifications of the growing number of young adults disconnected from steady, decent-paying jobs and from marriage. Cherlin’s investigation of today’s “would-be working class” shines a much-needed spotlight on the struggling middle of our society in today’s new Gilded Age.


Asian American Issues Relating to Labor, Economics, and Socioeconomic Status

Asian American Issues Relating to Labor, Economics, and Socioeconomic Status

Author: Franklin Ng

Publisher: Routledge

Published: 2014-06-23

Total Pages: 241

ISBN-13: 1135646384

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In the late l9th and early 20th century, labor issues fanned the flames of anti-Asian sentiment, as they continue to do to this day. These essays explore the topics of immigration and work, ethnic economics and enclaves, the role of middlemen minorities, Southeast Asian refugee employment, and issues of class, hierarchy, immigrant recruitment, intra-community exploitation, and poverty in Asian American communities.


Research Handbook on the Economics of Labor and Employment Law

Research Handbook on the Economics of Labor and Employment Law

Author: Michael L. Wachter

Publisher: Edward Elgar Publishing

Published: 2012-01-01

Total Pages: 521

ISBN-13: 1781006113

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ÔWachter and Estlund have assembled a feast on the economic analysis of issues in labor and employment law for scholars and policy-makers. The volume begins with foundational discussions of the economic analysis of the individual employment relationship and collective bargaining. It then progresses to discussions of the theoretical and empirical work on a wide range of important labor and employment law topics including: union organizing and employee choice, the impact of unions on firm and economic performance, the impact of unions on the enforcement of legal rights, just cause for dismissal, covenants not to compete and employment discrimination. Anyone who wants to study what economists have to say on these topics would do well to begin with this collection.Õ Ð Kenneth G. Dau-Schmidt, Indiana University Bloomington School of Law, US This Research Handbook assembles the original work of leading legal and economic scholars, working in a variety of traditions and methodologies, on the economic analysis of labor and employment law. In addition to surveying the current state of the art on the economics of labor markets and employment relations, the volumeÕs 16 chapters assess aspects of traditional labor law and union organizing, the law governing the employment contract and termination of employment, employment discrimination and other employer mandates, restrictions on employee mobility, and the forum and remedies for labor and employment claims. Comprising a variety of approaches, the Research Handbook on the Economics of Labor and Employment Law will appeal to legal scholars in labor and employment law, industrial relations scholars and labor economists.


Labour Markets & Employment

Labour Markets & Employment

Author: Berch Berberoğlu

Publisher: IJOPEC Publication

Published: 2012

Total Pages: 228

ISBN-13: 0956825648

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As the outcome of the third international conference of political economy, the papers in this volume cover a range of topics, related to the conference theme of “labor markets and employment,” from globalization to migration, unionization to policy implementation, and women’s labor to child labor and ethnic issues in employment. Despite the wide range they come from, almost all papers draw attention to the radical changes in employment policies and practices around the world, and many of them point to global neoliberalism as the source of this transformation process, one way or another. We believe that revealing the dynamics of this process and putting forward possible alternative policies and practices across the world would provide signicant contribution to solving the problems of labor markets and employment, as the papers in this collection attempt to do.