Economics of labor markets / by Kaufman Bruce E and Julie L. Hotchkiss

The Economics of Laber Market is intended as the basic text for a one-semester or one-quarter course at the undergraduate level in labor economics or labor economics and labor relations. It is also suitable as a survey or reference text for a graduate level course. The level of exposition is relatively nontechnical and the main text eschews all mathematics except for present value and elas ticity formulas. Although the only prerequisite for this text is a one-semester principles o course in microeconomics, students with some exposure to statistics and intermediate level theory will be able to master the material more quickly.

Students should One is to become several things from a labor economics textbook. better informed to know what are the major events, trends, and developments in the world of work. second is to be able to explain these real-world outc outcomes. Why, for example, did annual hours of work decline in the twentieth century? What factors are responsible for the earnings gap between men and women? Because these questions often have more than one answer, students should also learn why economists disagree and be able to critically evaluate alternative theories. Finally, students should learn how to apply economic theory to analysis of current events and current public policy issues. Fulfilling these four criteria is the intention of this text.