Description
Book SynopsisModern Labor Economics: Theory and Public Policy is a leading text in labor economics. 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, and the effect of machine learning on inequality.
Trade ReviewPraise for the thirteenth edition:
"Modern Labor Economics incorporates current policy issues while maintaining a strong focus on economic theory. The summaries of seminal academic works are indisputably important for bolstering student knowledge, and the inclusion of real-world applications makes the research far more comprehensible to a broader audience."
Tongzhe Li, University of Delaware, USA
"A classic in the field of labor economics. Indeed, as the title implies, Ehrenberg and Smith literally put the modern in labor economics as taught to undergraduates. Since first published in 1982, many competing textbooks in labor have come and gone. Ehrenberg and Smith, with impeccable writing, comprehensive coverage of the relevant topics, and intuitive application of economic analysis to the critical public policy problems of the day, has stood both the market test and the test of time."
Kevin J. Murphy, Oakland University, Rochester Michigan, USA
Table of Contents1. Introduction; 2. Overview of the Labor Market; 3. The Demand for Labor; 4. Labor Demand Elasticities; 5. Frictions in the Labor Market; 6. Supply of Labor to the Economy: The Decision to Work; 7. Labor Supply: Household Production, the Family, and the Life Cycle; 8. Compensating Wage Differentials and Labor Markets; 9. Investments in Human Capital: Education and Training; 10. Worker Mobility: Migration, Immigration, and Turnover; 11. Pay and Productivity: Wage Determination Within the Firm; 12. Gender, Race, and Ethnicity in the Labor Market; 13. Unions and the Labor Market; 14. Unemployment; 15. Inequality in Earnings; 16. The Labor Market Effects of International Trade and Production Sharing
