The Economics of Imperfect Labor Markets (Pocket)

The Economics of Imperfect Labor Markets. The Economics of Imperfect Labor MarketsMost labor economics textbooks pay little attention to actual labor markets, with the exception of the occasional reference to competitive labor markets like that of the United States. "The Economics of Imperfect Labor Markets" is the only textbook to focus on imperfectly competitive labor markets and to provide a systematic framework for analyzing how labor institutions function and interact in these markets. "The Economics of Imperfect Labor Markets" examines the many institutions that affect the behavior of workers and employers in imperfect labor markets.These include minimum wages, employment protection legislation, unemployment benefits, active labor market policies, working time regulations, family policies, collective bargaining, early retirement programs, and education and migration policies. Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterize their effects, and discusses how these institutions are today being changed by political and economic forces.It offers unique focus on institutions in imperfect labor markets; integrated framework and systematic coverage; a self-contained chapter on each of the most important labor market institutions; and, end-of-chapter review questions.

Preface xi Symbols and Acronyms xvii Chapter 1: Overview 1 1.1 A Few Key Definitions 2 1.2 A Competitive Labor Market 4 1.2.1 Labor Supply and the ReservationWage without Hours Restrictions 4 1.2.2 Aggregate Labor Supply 7 1.2.3 Labor Demand andWage Determination 9 1.2.4 Equilibrium 11 1.3 Labor Market Institutions 14 1.3.1 Acting on Prices 14 1.3.2 Acting on Quantities 15 1.3.3 Institutional Interactions 17 1.3.4 Why Do Labor Market Institutions Exist? 18 1.3.5 Product Market Competition and Institutional Reforms 21 1.4 Technical Annex: A Simple Static Framework 24 1.4.1 A Competitive Labor Market 24 1.4.2 Labor Market Institutions 25 1.4.3 TheWedge 26 1.4.4 Product Market Competition and the Employment Bias of Institutions 27 Chapter 2: MinimumWages 29 2.1 Cross-Country Comparisons 30 2.2 Theory 33 2.2.1 A Competitive Labor Market 33 2.2.2 A Noncompetitive Labor Market 34 2.3 Empirical Evidence 38 2.3.1 Studies Based on Firm-Level Data 38 2.3.2 Studies Based on Natural Experiments 39 2.3.3 Studies Based onWorkers? Histories 43 2.4 Policy Issues 44 2.4.1 Should the MinimumWage Be Reduced or Increased? 44 2.4.2 Is the MinimumWage Effective in Reducing Earnings Inequality and Poverty? 45 2.5 Why Does a MinimumWage Exist? 46 2.6 Suggestions for Further Reading 47 2.7 Review Questions 47 2.8 Technical Annex: Fine-Tuning of the MinimumWage 48 Chapter 3: Unions and Collective Bargaining 51 3.1 Measures and Cross-Country Comparisons 52 3.1.1 Union Density 52 3.1.2 Coverage and Excess Coverage 54 3.1.3 Coordination 56 3.2 Theory 56 3.2.1 Collective Bargaining 57 3.2.2 Endogenous Membership 61 3.3 Empirical Evidence 66 3.3.1 Effects of Unions onWages 67 3.3.2 Bargaining Coordination, Union Density, and Unemployment 71 3.4 Policy Issues 72 3.4.1 Do Unions Increase Efficiency? 72 3.4.2 Should Collective Bargaining Be Decentralized? 74 3.5 Why Do Unions Exist? 75 3.6 Suggestions for Further Reading 76 3.7 Review Questions 76 3.8 Technical Annex: How Strong Should Unions Be in Order to Be Efficient? 77 Chapter 4: Payroll Taxes 81 4.1 Measures and Cross-Country Comparisons 82 4.2 Theory 86 4.3 Empirical Evidence 90 4.4 Policy Issues 92 4.4.1 Negative Income Taxes or In-Work Benefits? 92 4.4.2 Tax Credits orWage Subsidies? 96 4.5 Why Do Payroll Taxes Exist? 97 4.6 Suggestions for Further Reading 98 4.7 Review Questions 98 4.8 Technical Annex: Taxes and Benefits in a Competitive Labor Market 98 Chapter 5: Regulation ofWorking Hours 101 5.1 Measures and Cross-Country Comparisons 101 5.2 Theory 102 5.2.1 RegulatingWeeklyWorking Hours 104 5.2.2 Part-T

Kategori: Bøker

ISBN: 9780691137353

Forfatter: Tito Boeri

Språk: Engelsk

Format: Pocket

Utgitt år: 2008

Sideantall: 344

Utgave: ukjent

Vekt: 621 g

Veil. pris: 0 kr

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