Modern Labor Economics

This text is the product of the authors' three decades experience in teaching labor market economics and conducting research aimed at influencing public policy. The authors develop the modern theory of labor market behavior, summarize empirical evidence supporting or contradicting each hypothesis, and illustrate the usefulness of various theories for public policy analysis. Theory is presented within context - nontraditional, business, historical, and cross-cultural -through numerous detailed policy examples in each chapter. This thoroughly revised Ninth Edition includes updated material throughout, plus new chapters on frictions in the labor market, and a new boxed feature focused on empirical techniques.Integrates the policy applications of modern economic theory. Extensive coverage of labor economics is focused on the critical elements for a cogent, cohesive, and streamlined presentation. The latest data, events, and literature in the field, particularly in immigration and child care issues. Discussion and review questions, sorted from easy to difficult, allow students to apply what they've learned to specific policy issues. Boxed Examples illustrate an application of each chapter's theory in a nontraditional, historical, business, or cross-cultural setting. These examples look at captivating topics like the wages of vendors in sports stadiums and the bias in selection of musicians by symphony orchestras. End of Chapter Reading Lists refer students to more advanced sources of study.