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• Chapter 1 Introduction
• 1.1 Methodology
• 1.2 The Supply adn Demand Framework
• 1.3 Applications: Supply and Demand Shocks
• 1.4 Elements of Microeconomics
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 2 The U.S. Labor Market
• 2.1 Core Concepts I: Populations
• 2.2 Core Concepts II: Labor Costs
• 2.3 Core Concepts III: Empirical Aspects of the U.S. Labor Market
• Summary
• Key Concepts
• Review Questions
• Problems
• Part I Foundations
• Chapter 3 The Short-Run Demand for Labor
• 3.1 The Neoclassical Labor-Demand Model
• 3.2 The Constraints
• 3.3 Perfect Competition and Monopoly Power
• 3.4 Monopsony
• Summary
• Key Concepts
• Review Questions
• Problems
• Technical Appendix 3.A Mathematical Derivations
• Chapter 4 The Supply of Labor
• 4.1 Preferences
• 4.2 The Constraints
• 4.3 The Optimal Choice I: Determination
• 4.4 The Optimal Choice II: Properties
• 4.5 The Empirical Evidence
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 4.A The Supply of Labor: A Mathematical Approach
• Chapter 5 Human Capital
• 5.1 Human Capital: An Overview
• 5.2 The Individual Investment Decision
• 5.3 The Level of Human Capital Investments
• 5.4 Extensions
• 5.5 The Return to Investments in Human Captial
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 5.A Econometric Obstacles and Remedies
• Chapter 6 On-the-Job Training
• 6.1 Overview
• 6.2 The Theory of General and Specific Training
• 6.3 The Specifics of Specific Human Capital
• 6.4 The OJT Model: The Evidence
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 6.A Do Wages Rise with Seniority?
• Chapter 7 Competitive Equilibrium
• 7.1 Competitve Equilibrium
• 7.2 Policy Applications
• 7.3 Compensating Wage Differentials
• 7.4 Fringe Benefits
• Summary
• Key Concepts
• Review Questions
• Problems
• Part II Applications & Extensions
• Chapter 8 Policy Application: The Minimum Wage
• 8.1 From Perfect Competition to Monopsony
• 8.2 Offsets, Inequality, and Education
• 8.3 The Minimum Wage: The U.S. Experience
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 9 Policy Application: The War on Poverty
• 9.1 The Battlefield: Poverty in the United States
• 9.2 The Armory
• 9.3 The Economic Consequences of Five Major Policy Weapons
• 9.4 The Battle is Joined: Welfare Reforms
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 10 Death and Injury in the U.S. Workplace—A Hedonic Analysis
• 10.1 The Hedonic Framework I: Building Blocks
• 10.2 The Hedonic Framework II: Equilibrium
• 10.3 Death and Cost-Benefit Analysis
• 10.4 Policy Application: OSHA
• 10.5 Policy Application: Workers’ Compensation
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 11 Discrimination I: Theory
• 11.1 Discrimination: An Overview
• 11.2 Employer Discrimination
• 11.3 Coworker Discrimination
• 11.4 Consumer Discrimination
• 11.5 The Modern Theory of Discrimination
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 12 Discrimination II: Evidence and Policy
• 12.1 Measuring Discrimination
• 12.2 Race
• 12.3 Gender
• 12.4 Public Policy
• 12.5 Antidiscrimination Policies: The Evidence
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 12.A Estimation Difficulties
• Appendix 12.B Occupational Crowding
• Chapter 13 The Hiring Process
• 13.1 The Economics of Hiring
• 13.2 Public Information (The Roy Model)
• 13.3 Asymmetric Information I: Signaling
• 13.4 Asymmetric Information II: Screening
• 13.5 Symmetric Information
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 13.A The Theory of Job Market Signaling
• Part III The Employment Relation
• Chapter 14 Incentives
• 14.1 Incentives: An Overview
• 14.2 Risk Sharing and Incentives
• 14.3 Extensions of the Principal—Agent Framework
• 14.4 The “You Get What You Pay For” Principle
• 14.5 Tournaments
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 14.A Risk Sharing and Incentives
• Appendix 14.B Relative Performance Pay
• Appendix 14.C Multitasking: The Root Cause of the “You Get What You Pay For” Principle
• Chapter 15 Tasks, Technologies, and Organizational Design
• 15.1 Task Assignments
• 15.2 Organizational Design
• 15.3 Human-Resource Management
• 15.4 Hierarchies
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 16 Careers and the Employment Relation
• 16.1 Internal Labor Markets
• 16.2 Careers I: Investments
• 16.3 Careers II: Payments Over Time
• 16.4 Careers III: The Employment Relationship
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 16.A Ability Shocks and Insurance
• Appendix 16.B Model of the Rat Race
• Appendix 16.C Implicit or Relational Contracts
• Appendix 16.D The Waldman Model
• Chapter 17 Executive Pay
• 17.1 The Evidence
• 17.2 The Theory of Executive Pay
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 18 Trade Unions I: Density and Impact
• 18.1 Evidence and Institutional Background
• 18.2 Union Coverage
• 18.3 The Economic Impact of Trade Unions
• Summary
• Key Concepts
• Review Questions
• Problems
• Part IV The Aggregate Labor Market
• Chapter 19 Earnings I: The Wage Structure
• 19.1 The Distribution of Earnings
• 19.2 Superstars
• 19.3 Earnings Inequality: The Evidence
• 19.4 Explaining the Evolution of Inequality
• 19.5 Institutional Factors and the SDI Framework
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 20 Labor Mobility I: Migration
• 20.1 The Individual Migration Decision
• 20.2 Topics: Risk, Repeat and Return Migration, and Tied Moves
• 20.3 Regional Migration
• 20.4 Rural-Urban Migration
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 21 Labor Mobility II: Immigration and Outsourcing
• 21.1 Immigration and Outsourcing: The Evidence
• 21.2 Immigration: Labor-Market Effects
• 21.3 The Assimilation of Immigrants
• 21.4 Illegal Immigration
• 21.5 Outsourcing
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 22 Unemployment I: Contractual Frictions
• 22.1 Unemployment: Concepts, Measurement, and the U.S. Experience
• 22.2 The Theory of Unemployment
• 22.3 Efficiency Wage Models
• 22.4 Other Models of Unemployment
• 22.5 Wage Rigidity: The Empirical Evidence
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 22.A Implicit Contracts
• Chapter 23 Unemployment II: Market Frictions
• 23.1 The Flow Approach to Labor Markets
• 23.2 Worker and Job Flows: The Evidence
• 23.3 The Stock–Flow Approach: Steady-State Unemployment
• 23.4 Matching
• 23.5 Job Destruction
• Summary
• Key Concepts
• Review Questions
• Problems
• Chapter 24 Turnover I: Job Search and Accessions
• 24.1 Search Activity
• 24.2 Extensions of the Simple Search Model
• 24.3 Wage Determination
• 24.4 Accessions: Search Methods
• Summary
• Key Concepts
• Review Questions
• Problems
• Appendix 24.A The Reservation Wage
• Chapter 25 Turnover II: Quits and Layoffs
• 25.1 Turnover: Evidence and Intrepration
• 25.2 Efficient Seperations
• 25.3 Displaced Workers: The Evidence
• 25.4 Displaced Workers: Theory
• 25.5 Easing the Burden of Worker Displacements
• Summary
• Key Concepts
• Review Questions
• Problems
• Part V Tools of the Trade
• Appendix A Econometric Method
• A.1 Linear Regression
• A.2 Hypothesis Testing and the Goodness of Fit
• A.3 Problems and Pitfalls
• A.4 Categories of Economic Data
• Summary
• Problems
• Appendix B Proportions, Percentages, and Elasticities
• B.1 Proportionate and Percentage Changes
• B.2 Elasticities
• Summary
• Problems
• Appendix C Present Values and Discounted Utilities
• C.1 Present Values
• C.2 Payment Streams
• C.3 Discounted Utilities
• Summary
• Problems
• Appendix D Decision Making under Uncertainity
• D.1 The Expected Utility Hypothesis
• D.2 Attitudes Toward Risk
• D.3 The Insurance Business
• Summary
• Problems
• Notes
• References
• End of Chapter Review Questions and Problems Solutions
• Credits
• Name Index
• Subject Index