Handbook of Labor Economics

Handbook of Labor Economics

1st Edition - February 1, 1987

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  • Editors: R. Layard, Orley Ashenfelter
  • Hardcover ISBN: 9780444878571

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Description

The Handbook brings together a systematic review of the research topics, empirical findings, and methods that comprise modern labor economics. It serves as an introduction to what has been done in this field, while at the same time indicating possible future trends which will be important in both spheres of public and private decision-making.Part 1 is concerned with the classic topics of labor supply and demand, the size and nature of the elasticities between the two, and their impact on the wage structure. This analysis touches on two fundamental questions: what are the sources of income inequality, and what are the disincentive effects of attempts to produce a more equal income distribution?The papers in Part II proceed from the common observation that the dissimilarity in worker skills and employer demands often tempers the outcomes that would be expected in frictionless labor markets. And the last section of the Handbook deals explicitly with the role of institutional structures (e.g. trade unions) that now form an important part of modern labor economics.

Table of Contents

  • Labor Market Equilibrium and Friction. The employment relationship: Job attachment, work effort, and the nature of contracts (D.O. Parsons). Job search and labor market analysis (D.T. Mortensen). The natural rate of unemployment: Explanation and policy (G.E. Johnson, P.R.G. Layard). Cyclical fluctuations in the labor market (D.M. Lilien, R.E. Hall). The Institutional Structures of the Labor Market. The analysis of union behavior (H.S. Farber). The economics of strikes (J. Kennan). Union relative wage effects (H.G. Lewis). Segmented labor markets (P. Taubman, M.L. Wachter). Public sector labor markets (R.G. Ehrenberg, J.L. Schwarz).

Product details

  • No. of pages: 510
  • Language: English
  • Copyright: © North Holland 1987
  • Published: February 1, 1987
  • Imprint: North Holland
  • Hardcover ISBN: 9780444878571

About the Editors

R. Layard

Affiliations and Expertise

London School of Economics, London, UK

Orley Ashenfelter

Affiliations and Expertise

Princeton University, Princeton, NJ, USA

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