Introduction: labor economics and the political economy of labor -- Part I: Labor supply and demand: Labor supply -- Labor demand -- Perfectly competitive labor markets -- Imperfectly competitive labor markets -- Part II: The labor exchange: The structure of labor exchange -- Strategic labor exchange -- Bargaining in labor exchange -- Imperfect contracting in labor exchange -- Part III: The employment relationship: The nature of the employment relationship -- Employee compensation and incentive provision -- Employment continuity and internal labor markets -- Employee representation in the workplace -- Part IV: Labor market divisions: Wages and working conditions -- Education and ability -- Employee characteristics and discrimination -- Employer characteristics and market segmentation -- Part V: labor in the market system: -- Earnings inequality -- Unemployment -- Labor market dynamics.
Summary:
"In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study deviations from perfectly competitive labor market conditions. Contemporary policy issues and empirical debates are addressed throughout the book." "The text is supplemented by discussion boxes that illustrate key concepts with real-word applications; chapter appendices that explore technical material in greater depth; and end-of-chapter study questions that encourage students to apply, extend, and critically evaluate the theories presented."--BOOK JACKET.
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