Description
Book SynopsisAnalyzes labor markets from the real-world perspective: employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, this book re-examines much of labor economics based on this assumption.
Trade Review"Given the breadth and depth of the issues Manning covers--clearly, a staggering amount of work went into this book--even skeptical readers will not be able to dismiss his theory lightly... The book is so well written that even the most complicated material in it is readable. The presentation is also commendably well balanced... [It] deserves a place on our bookshelves alongside the other seminal works in labor economics."--Michael Rizzo, Industrial and Labor Relations Review "The manner of Manning's exposition of his arguments advocating the monopsonist view is impressive... [I]t will be hard for even the utmost skeptic and expert not to come away having learnt something more about labor economics."--Eric A. Strobl, Journal of Economic Behavior and Organization
Table of Contents*FrontMatter, pg. i*Contents, pg. vii*Preface, pg. xi*1. Introduction, pg. 3*2. Simple Models of Monopsony and Oligopsony, pg. 29*3. Efficiency in Oligopsonistic Labor Markets, pg. 56*4. The Elasticity of the Labor Supply Curve to an Individual Firm, pg. 80*5. The Wage Policies of Employers, pg. 117*6. Earnings and the Life Cycle, pg. 141*7. Gender Discrimination in Labor Markets, pg. 193*8. Employers and Wages, pg. 217*9. Unemployment, Inactivity, and Labor Supply, pg. 239*10. Vacancies and the Demand for Labor, pg. 269*11. Human Capital and Training, pg. 301*12. The Minimum Wage and Trade Unions, pg. 325*13. Monopsony and the Big Picture, pg. 360*Data Sets Appendix, pg. 369*Bibliography, pg. 379*Index, pg. 397
