Modern Labor Economics

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Comprehensively surveying the field of labor economics, this market-leading textbook showcases both current and classic research. The authors develop the modern theory of labor market behavior, summarize empirical evidence that supports or contradicts each hypothesis, and illustrate the usefulness of various theories for public policy analysis. In addition to the policy examples woven throughout the narrative, the text offers two or more boxed examples per chapter that illustrate the application of theory in a nontraditional, business, historical, or cross-cultural context. The Seventh Edition provides updated coverage and updated references to the professional literature throughout, as well as many new boxed policy examples and new end-of-chapter numerical problems. An all-new companion Web site rounds out the teaching and learning resources of the supplements programme. *Revised and updated text, including new material on international trends in unemployment rates, the net fiscal effects of recent immigration, group incentive-pay schemes, CEO compensation, union membership and bargaining coverage in several countries, and earnings inequality in the contemporary era. *Policy appli