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HANDBOOK OF LABOR ECONOMICS, VOL 4B

Book Description

What factors affect the ways individuals participate in labor markets?

"New Developments and Research on Labor Markets" (volume 4B) proposes answers to this and other questions on important topics of public policy.  Leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions.   The combinations of these improved empirical findings with new models enable the authors of these chapters to reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. 



  • Concentrates on empirical research in specific labor markets, including those defined by age, gender, and race
  • Reveals how questions and answers about these markets have changed and how models measure them
  • Documents how conceptual models and empirical work explain important practical issues

Table of Contents

  1. Cover image
  2. Title page
  3. Table of Contents
  4. Introduction to the Series
  5. Copyright
  6. Contributors to volume 4B
  7. Chapter 9. Earnings, Consumption and Life Cycle Choices
    1. 1 Introduction
    2. 2 The impact of income changes on consumption: some theory
    3. 3 Modeling the income process
    4. 4 Using choices to learn about risk
    5. 5 Income processes, labor supply and mobility
    6. 6 Conclusions
    7. References
  8. Chapter 10. Racial inequality in the 21st century: the declining significance of discrimination
    1. 1 Introduction
    2. 2 The declining significance of discrimination
    3. 3 Basic facts about racial differences in achievement before kids enter school
    4. 4 Interventions to foster human capital before children enter school
    5. 5 The racial achievement gap in kindergarten through 12th grade
    6. 6 The racial achievement gap in high school
    7. 7 Interventions to foster human capital in school-aged
    8. 8 Conclusion
    9. Appendix Data description
    10. References
  9. Chapter 11. Imperfect Competition in the Labor Market
    1. Introduction
    2. 1 The sources of imperfect competition
    3. 2 How much imperfect competition? the size of rents
    4. 3 Models of wage determination
    5. 4 Estimates of rent-splitting
    6. 5 So what?
    7. 6 Applications
    8. 7 Conclusion
    9. Appendix A Estimating the size of rents from a search model
    10. Appendix B A model with heterogeneous worker ability
    11. Appendix C Results equating separation and recruitment elasticity
    12. References
  10. Chapter 12. Skills, Tasks and Technologies: Implications for Employment and Earnings
    1. 1. Introduction
    2. 2. An overview of labor market trends
    3. 3. The canonical model
    4. 4. A ricardian model of the labor market
    5. 5. Comparative advantage and wages: an empirical approach
    6. 6. Concluding remarks
    7. Data appendix
    8. O*net
    9. Theoretical appendix: uniqueness of equilibrium in proposition 5
    10. References
  11. Chapter 13. Institutional Reforms and Dualism in European Labor Markets
    1. 1 Introduction
    2. 2 INSTITUTIONS AND REFORMS
    3. 3 A simple model of labor reallocation and reforms
    4. 4 ARE WE LEARNING ENOUGH FROM THE REFORMS?
    5. 5 FINAL REMARKS
    6. References
  12. Chapter 14. Local Labor Markets
    1. 1 Introduction
    2. 2 Some important facts about local labor markets
    3. 3 Equilibrium in local labor markets
    4. 4 The determinants of productivity differences across local labor markets
    5. 5 Implications for policy
    6. 6 Conclusions
    7. References
  13. Chapter 15. Human capital development before age five
    1. 1 Introduction
    2. 2 Conceptual framework
    3. 3 Methods
    4. 4 Empirical literature: evidence of long term consequences
    5. 5 Empirical literature: policy responses
    6. 6 Discussion and conclusions
    7. Appendix A
    8. Appendix B
    9. Appendix C
    10. Appendix D
    11. References
  14. Chapter 16. Recent Developments in Intergenerational Mobility
    1. Introduction
    2. 1 Intergenerational correlations of earnings and education
    3. 2 Identifying the causal effects of parental education and earnings
    4. 3 Other family background characteristics
    5. 4 Conclusion
    6. References
  15. Chapter 17. New Perspectives on Gender
    1. 1 Introduction
    2. 2 Gender differences in psychological attributes
    3. 3 Gender identity
    4. 4 Women’s well-being
    5. 5 Conclusion
    6. References
  16. Chapter 18. Great Expectations: Law, Employment Contracts, and Labor Market Performance
    1. 1 Introduction
    2. 2 The law
    3. 3 The economics of the employment relationship
    4. 4 The evidence
    5. 5 Discussion
    6. References
  17. Chapter 19. Human Resource Management and Productivity
    1. 1 Introduction
    2. 2 Some facts on hrm and productivity
    3. 3 The effects of hrm on productivity
    4. 4 Two perspectives on hrm and productivity: design and technology
    5. 5 Some determinants of hrm practices
    6. 6 Conclusions
    7. Acknowledgements
    8. References
  18. Chapter 20. Personnel Economics: Hiring and Incentives
    1. 1 Introduction
    2. 2 Incentives in organizations
    3. 2.3 Some important but hard-to-answer questions
    4. 3 Hiring
    5. 3.3 Post-hiring matching—retention and displacement
    6. 3.4 Do hiring practices matter?
    7. 4 Conclusion
    8. References
  19. Subject index to volume 4b
  20. Subject index to volume 4a