What new tools and models can economists use to understand how individuals participate in labor markets?

"Developments in Resarch Methods and Their Applications" (volume 4A) and "New Developments and Research on Labor Markets" (volume 4B) propose answers to this and other questions on important topics of public policy. By mixing conceptual models and empirical research, leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions. Their chapters reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses.

Key Features

    • Concentrates on empirical research in specific labor markets, including those defined by age, gender, and race
    • Documents how conceptual models and empirical work explain important practical issues
    • Demonstrates what these new tools and techniques can accomplish


    Graduate students and professors worldwide working on issues in labor economics

    Table of Contents

    • Decomposition Methods in Economics, Nicole Fortin (University of British Columbia), Thomas Lemieux (University of British Columbia), and Sergio Firpo (Escola de Economia de São Paulo)
    • Field Experiments in Labor Economics, John List (University of Chicago) and Imran Rasul (University College London)
    • Lab Labor: What Can Labor Economists Learn from the Lab?, Gary Charness and Peter Kuhn (University of California at Santa Barbara)
    • The Structural Estimation of Behavioral Models: Discrete Choice Dynamic Programming Methods and Applications , Michael P. Keane (University of Technology, New South Wales), Kenneth I. Wolpin and Petra E. Todd (University of Pennsylvania)
    • Program Evaluation and Research Designs, John DiNardo (University of Michigan) and David S. Lee (Princeton University)
    • Identification of Models of Labor Market, Eric French (Federal Reserve Bank of Chicago) and Christopher Taber (University of Wisconsin at Madison)
    • Search in Macroeconomic Models of the Labor Market, Richard Rogerson (Arizona State University) and Robert Shimer (University of Chicago)
    • Extrinsic Rewards and Intrinsic Motives: Standard and Behavioral Approaches to Agency and Labor Markets, James B. Rebitzer (Boston University) and Lowell J. Taylor (Carnegie Mellon University)
    • Earnings, Consumption and Lifecycle Choices, Costas Meghir (University College London) and Luigi Pistaferri (Stanford University)
    • Racial Inequality in the 21st Century: The Declining Significance of Discrimination, Roland G. Fryer, Jr. (Harvard University)
    • Imperfect Competition in the Labor Market, Alan Manning (London School of Economics)
    • Skills, Tasks and Technologies: Implications for Employment and Earnings, Daren Acemoglu and David Autor (Massachusetts Institute of Technology)
    • Institutional Reforms and Dualism in European Labor Markets, Tito Boeri (Universita Bocconi and Fondazion


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    © 2011
    North Holland
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    "Labor economics" has continued to expand both in the extent and depth of coverage in recent years. Volume 4 of the Handbook has succeeded in not only updating coverage in many areas, but in synthesizing studies and approaches in ways that contribute importantly to the field. Economists with interests in many areas, ranging from field experiments to gender to early-life human capital investments, will benefit from the excellent chapters in this volume."

    -Jere R. Behrman, University of Pennsylvania


    "Volume 4 very nicely illustrates several important trends in labor economics: increased concern about proper research design, more contact with those in other social sciences, greater reliance on data collected by those conducting the research, and (in some areas) more productive interplay between theory and data. The authors have themselves been major contributors to these developments; they combine a participant's enthusiasm with a detached perspective on the challenges and gaps that remain."

    -Charles C. Brown, University of Michigan


    "The entries in the Handbook of Labor Economics update, deepen, and broaden the analyses contained in earlier volumes. The first-rate papers here address important problems in labor economics, often from new perspectives. As is the case with Volumes 1-3, many of the papers in volume 4 are "must-reads" and sure to make it onto graduate reading lists."

    -Henry Farber, Princeton University