Labor and the EconomyLabor and the Economy provides the theory, empirical studies of the labor force, and public policies that flow from the theories and empirical studies in the field of labor economics. The book focuses on economic issues and debates. Topics discussed in the text include the history of labor economics; the microeconomic foundations of labor economics; the interaction between labor's effect on the macroeconomy and the macroeconomy's effect on labor; and the interrelation of trade unions with other economic institutions. Graduate and undergraduate students of economics as well as practicing economists will find the book a good reference material. |
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aggregate demand American economy benefits CETA chapter collective bargaining agreement demand for labor Department of Labor discrimination earnings economists effect employed employer employment training factor of production factors federal firm force participation rate Government Printing Office higher wages household human capital impact income distribution individual industrial relations inequality investment in human issue Keynesian labor economics labor force participation labor market labor productivity labor supply marginal cost marginal product marginal revenue marginal revenue product measure minimum wage monopsony national income neoclassical nonincome nonunion organization output percent percentage perfect competition period Phillips curve poverty problem product of labor profits public policy rate of unemployment sector social security stagflation statistics strike structure Table Taft-Hartley Act theory trade union U.S. Department unemployed unemployment compensation unemployment rate unit labor costs units of labor wage determination wage increases wage rate wage-price policy Washington workers