Developments in Labour Market Analysis  book cover
1st Edition

Developments in Labour Market Analysis

ISBN 9780367111892
Published August 1, 2020 by Routledge
412 Pages

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Book Description

First published in 1983. This text is designed to enable intermediate and advanced students to attain familiarity with the theoretical concepts used in labour market analysis, and to apply them fruitfully to the economic problem of labour markets.

Each chapter of Section I deals with a different theoretical development of the basic labour market model of utility maximising labour supply and the marginal productivity theory of labour demand. In addition, the authors discuss in depth uncharted territory including the analysis of uncertainty and discrimination in labour markets and advances in human capital theory, in each case covering the implications both for equity and the efficient allocation of resources.

Each chapter of Section II analyses an important economic problem - for instance wage determination, unemployment and inflation - using the theoretical insights derived from Section I. The contributions of different theoretical developments are assessed by reference to the current state of empirical research into labour market problems. This book stresses the interaction between labour market mechanisms and also between market and non-market forces in the belief that this will lead to a greater understanding of the operation of the labour market than can be gained by viewing each theoretical development in isolation from the others.

Table of Contents

Preface;  Section One;  Introduction;  1. The Theory of Individual Labour Supply  2. The Theory of Household Labour Supply  3. Human Capital Theory  4. Uncertainty, Screening and Signalling  5. Non-Competitive Behaviour  6. Discrimination in Labour Markets;  Section Two;  Introduction;  7. Labour Supply Adjustments  8. Employment Adjustments  9. Wages  10. Unemployment  11. Inflation and the Labour Market  12. The Labour Market, Efficiency and Distribution;  Index

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