Description
Book SynopsisIn this book Daniel Hamermesh provides the first comprehensive picture of the disparate field of labor demand. The author reviews both the static and dynamic theories of labor demand, and provides evaluative summaries of the available empirical research in these two subject areas. Moreover, he uses both theory and evidence to establish a generalized framework for analyzing the impact of policies such as minimum wages, payroll taxes, job- security measures, unemployment insurance, and others. Covering every aspect of labor demand, this book uses material from a wide range of countries.
Trade Review"Do we need a book concentrating solely on the demand side of the labor market? There are ... strong reasons why the answer is yes... Hamermesh is to be congratulated for providing a text that will stimulate a greater interest in the study of labor demand."--Robert A. Hart, Journal of Political Economy "In addition to discussing the relevant theoretical aspects in the field, Hamermesh spares no effort in providing tabular surveys of the vast empirical literature. Confronting theoretical models with empirical 'facts' of how a firm's labor demand responses to exogenous shocks provides ... 'a dose of reality to the more fanciful flights of macroeconomic theory.'... The book is ... essential reading."--Christoph R. Weiss, Kyklos
Table of ContentsList of FiguresList of TablesPrefaceCh. 1The Study of Labor Demand3Pt. 1The Static Demand for LaborCh. 2The Static Theory of Labor Demand17Ch. 3Wage, Employment, and Substitution Elasticities61Ch. 4Employment Demand and the Birth and Death of Firms137Ch. 5Static Demand Policies163Pt. 2The Dynamic Demand for LaborCh. 6The Dynamic Theory of Labor Demand205Ch. 7Estimates of the Dynamics of Employment and Hours247Ch. 8Dynamic Demand Policies298Pt. 3Some ApplicationsCh. 9Labor Demand and the Macroeconomy335Ch. 10Labor Demand and the Economics of Development364Ch. 11Conclusions, Data Requirements, and New Directions391References403Index437
