Modern Labor Economics
Theory and Public Policy - International Student Edition
14th Edition
Published on 23. August 2021
Book
Hardback
782 pages
978-0-367-34697-3 (ISBN)
Description
Modern Labor Economics: Theory and Public Policy, now in its fourteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels.
It offers a thorough overview of the modern theory of labor market behavior and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action.
The authors believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. Consequently, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market.
This new edition continues to offer the following:
a balance of relevant, contemporary examples
coverage of the current economic climate
an introduction to basic methodological techniques and problems
tools for review and further study
This fourteenth edition presents updated data throughout and a wealth of new examples, such as the impact of COVID-19 lockdowns, gig work, nudges, monopsony power in the technology industry, and the effect of machine learning on inequality. Supplementary materials for students and instructors are available on the book's companion website.
It offers a thorough overview of the modern theory of labor market behavior and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action.
The authors believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. Consequently, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market.
This new edition continues to offer the following:
a balance of relevant, contemporary examples
coverage of the current economic climate
an introduction to basic methodological techniques and problems
tools for review and further study
This fourteenth edition presents updated data throughout and a wealth of new examples, such as the impact of COVID-19 lockdowns, gig work, nudges, monopsony power in the technology industry, and the effect of machine learning on inequality. Supplementary materials for students and instructors are available on the book's companion website.
Reviews / Votes
Praise for the thirteenth edition:"Modern Labor Economics incorporates current policy issues while maintaining a strong focus on economic theory. The summaries of seminal academic works are indisputably important for bolstering student knowledge, and the inclusion of real-world applications makes the research far more comprehensible to a broader audience."
Tongzhe Li, University of Delaware, USA
"A classic in the field of labor economics. Indeed, as the title implies, Ehrenberg and Smith literally put the modern in labor economics as taught to undergraduates. Since first published in 1982, many competing textbooks in labor have come and gone. Ehrenberg and Smith, with impeccable writing, comprehensive coverage of the relevant topics, and intuitive application of economic analysis to the critical public policy problems of the day, has stood both the market test and the test of time."
Kevin J. Murphy, Oakland University, Rochester Michigan, USA
More details
Edition
14th edition
Language
English
Place of publication
London
United Kingdom
Publishing group
Taylor & Francis Ltd
Target group
College/higher education
Edition type
New edition
Product notice
sewn/stitched
Cloth over boards
Illustrations
168 s/w Abbildungen, 168 s/w Zeichnungen, 77 s/w Tabellen
77 Tables, black and white; 168 Line drawings, black and white; 168 Illustrations, black and white
Dimensions
Height: 260 mm
Width: 183 mm
Thickness: 46 mm
Weight
1642 gr
ISBN-13
978-0-367-34697-3 (9780367346973)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
New editions
Ronald G. Ehrenberg | Robert S. Smith | Kevin F. Hallock
Modern Labor Economics
Theory and Public Policy
Book
05/2025
15th Edition
Routledge
€207.50
Shipment within 10-20 days
Additional editions
Ronald G. Ehrenberg | Robert S. Smith | Kevin Hallock
Modern Labor Economics
Theory and Public Policy - International Student Edition
Book
11/2021
14th Edition
Routledge
€69.50
Shipment within 15-20 days
Previous edition
Book
08/2017
13th Edition
Routledge
€222.84
Article exhausted; check for reprint
Persons
Ronald G. Ehrenberg is the Irving M. Ives professor of industrial and labor relations and economics at Cornell University. He has been honored for his teaching by receiving Cornell's highest university-wide award: the Stephen H. Weiss Presidential Fellowship "for effective, inspiring, and distinguished teaching of undergraduate students and for outstanding contributions to undergraduate education."
Robert S. Smith is Professor of Economics at Cornell University. He has been honored for his teaching by receiving Cornell's highest university-wide award: the Stephen H. Weiss Presidential Fellowship "for effective, inspiring, and distinguished teaching of undergraduate students and for outstanding contributions to undergraduate education."
Kevin F. Hallock is President and Professor of Economics at the University of Richmond. He previously served as Dean of the Cornell SC Johnson College of Business, Dean of School of Industrial and Labor relations, the Joseph R. Rich '80 professor of economics and human resource studies, and Director of the Institute for Compensation Studies at Cornell University.
Robert S. Smith is Professor of Economics at Cornell University. He has been honored for his teaching by receiving Cornell's highest university-wide award: the Stephen H. Weiss Presidential Fellowship "for effective, inspiring, and distinguished teaching of undergraduate students and for outstanding contributions to undergraduate education."
Kevin F. Hallock is President and Professor of Economics at the University of Richmond. He previously served as Dean of the Cornell SC Johnson College of Business, Dean of School of Industrial and Labor relations, the Joseph R. Rich '80 professor of economics and human resource studies, and Director of the Institute for Compensation Studies at Cornell University.
Content
1. Introduction; 2. Overview of the Labor Market; 3. The Demand for Labor; 4. Labor Demand Elasticities; 5. Frictions in the Labor Market; 6. Supply of Labor to the Economy: The Decision to Work; 7. Labor Supply: Household Production, the Family, and the Life Cycle; 8. Compensating Wage Differentials and Labor Markets; 9. Investments in Human Capital: Education and Training; 10. Worker Mobility: Migration, Immigration, and Turnover; 11. Pay and Productivity: Wage Determination Within the Firm; 12. Gender, Race, and Ethnicity in the Labor Market; 13. Unions and the Labor Market; 14. Unemployment; 15. Inequality in Earnings; 16. The Labor Market Effects of International Trade and Production Sharing