The text is supplemented by text boxes that illustrate key concepts with real–world 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 under study.
Introduction: Labor Economics and the Political Economy of Labor.
Part I: Labor Demand and Supply:.
1. Labor Supply.
2. Labor Demand.
3. Perfectly Competitive Labor Markets.
4. Imperfectly Competitive Labor Markets.
Part II: The Labor Exchange:.
5. The Structure of Labor Exchange.
6. Strategic Labor Exchange.
7. Bargaining in Labor Exchange.
8. Imperfect Contracting in Labor Exchange.
Part III: The Employment Relationship:.
9. The Nature of the Employment Relationship.
10. Employee Compensation and Incentive Provision.
11. Employment Continuity and Internal Labor Markets.
12. Employee Representation in the Workplace.
Part IV: Labor Market Divisions:.
13. Wages and Working Conditions.
14. Education and Ability.
15. Employee Characteristics and Discrimination.
16. Employer Characteristics and Market Segmentation.
Part V: Labor in the Market System:.
17. Earnings Inequality.
19. Labor Market Dynamics.