| Description |
1 online resource (413 pages) |
| Series |
Routledge Library Editions: Labour Economics Ser. ; v. 11 |
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Routledge Library Editions: Labour Economics Ser
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| Contents |
Cover; Half Title; Title Page; Copyright Page; Original Title Page; Original Copyright Page; Contents; Preface; Section I; Introduction; 1 The Theory of Individual Labour Supply; 1.1 The basic labour supply model; 1.2 Institutional constraints upon labour supply; 1.3 The supply of labour and the allocation of time; 2 The Theory of Household Labour Supply; 2.1 Household labour supply; 2.2 Household labour supply, secondary workers and domestic activities; 2.3 A life-cycle approach to labour supply; Further reading; 3 Human Capital Theory; 3.1 The concept of human capital |
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3.2 The human capital model3.3 Predictions of the human capital approach; 3.4 Limitations of the human capital approach; 3.5 Social rates of return; 3.6 The decision to invest and the nature of skills; 3.7 Alternative forms of education; Further reading; 4 Uncertainty, Screening and Signalling; 4.1 Information in labour markets; 4.2 The worker search model; 4.3 Predictions and extensions of the worker search model; 4.4 Workers' signalling; 4.5 Employer prospecting; 4.6 Advertising, signalling and credentialism; 4.7 Models of screening and signalling: an evaluation; Further reading |
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5 Non-competitive Behaviour5.1 Monopsony; 5.2 Trade union activities; 5.3 Non-competitive behaviour within the firm; 5.4 Extra-market forces; Further reading; 6 Discrimination in Labour Markets; 6.1 Employer wage discrimination; 6.2 Worker discrimination; 6.3 Discrimination and competitive forces; 6.4 The limitations of taste for discrimination models; Further reading; Section II; Introduction; 7 Labour Supply Adjustments; 7.1 Hours supply adjustments; 7.2 Participation adjustments; 7.3 Skill supply adjustments and job mobility |
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7.4 Skill supply adjustments and occupational choice and mobility7.5 The empirical study of labour supply adjustments; 7.6 The characteristics of labour suppliers; Further reading; 8 Employment Adjustments; 8.1 A model of employment adjustments by the firm; 8.2 The hiring decision; 8.3 The discharge decision; 8.4 Demand variations, fixed costs and internal labour markets; 8.5 The empirical study of employment adjustments; 8.6 The characteristics of hires and discharges; Further reading; 9 Wages; 9.1 The analysis of wages; 9.2 The human capital model of wage determination |
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9.3 Trade unions and wages9.4 Discrimination and wages; 9.5 The empirical study of wages; 9.6 The characteristics of wage earners; Further reading; 10 Unemployment; 10.1 Unemployment in a simple static macroeconomic model; 10.2 Unemployment in a multimarket static macroeconomic model; 10.3 Voluntary unemployment; 10.4 A dynamic view of unemployment; 10.5 The empirical study of unemployment; 10.6 The characteristics of the unemployed; Further reading; 11 Inflation and the Labour Market; 11.1 Inflation in the involuntary unemployment model; 11.2 Inflation in the voluntary unemployment model |
| Summary |
First published in 1983. This text is designed to enable intermediate and advanced students to attain familiarity with the theoretical concepts used in labour market analysis, and to apply them fruitfully to the economic problem of labour markets. Each chapter of Section I deals with a different theoretical development of the basic labour market model of utility maximising labour supply and the marginal productivity theory of labour demand. In addition, the authors discuss in depth uncharted territory including the analysis of uncertainty and discrimination in labour markets and advances in human capital theory, in each case covering the implications both for equity and the efficient allocation of resources. Each chapter of Section II analyses an important economic problem - for instance wage determination, unemployment and inflation - using the theoretical insights derived from Section I. The contributions of different theoretical developments are assessed by reference to the current state of empirical research into labour market problems. This book stresses the interaction between labour market mechanisms and also between market and non-market forces in the belief that this will lead to a greater understanding of the operation of the labour market than can be gained by viewing each theoretical development in isolation from the others |
| Notes |
11.3 Inflation and cost-push pressures |
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Print version record |
| Subject |
Labor supply.
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Labor economics.
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Employment (Economic theory)
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employing.
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SOCIAL SCIENCE -- General.
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Analysing Markets.
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Industrial Economics.
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Labor Economics.
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Labor Policy.
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Labour Issues.
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Labor economics
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Labor supply
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| Form |
Electronic book
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| Author |
McKenna, Chris
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McNabb, Robert
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Shorey, John
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| ISBN |
9780429658181 |
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0429658184 |
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