First published in 1981, Labour Market Economics develops the basic economic theory of introductory courses within the context of labour market analysis and applies it both to particular features and special problems of the subject. The author begins by outlining the nature of the area and the structure of the UK labour market at the time, and proceeds to explain and elaborate the tools of theoretical analysis. These are then applied in subsequent chapters to a variety of issues, including the economic analysis of trade unions, collective bargaining and the effects of unions, unemployment, wage inflation and the inequality of pay. Throughout the book, emphasis is placed on the economic theory of the labour market and the role of empirical work in testing its predictions, and wherever available, evidence from studies of the UK labour markets is cited.
Table of Contents
Preface 1. Introduction: The Economic Analysis of Labour Part I: Wage Theory 2. Labour Supply 3. Labour Demand 4. Wage and Employment Determination Part II: Economic Aspects of Trade Union Behaviour 5. The Economics of Trade Unions 6. Wage Determination under Collective Bargaining and the Effects of Unions Part III: Further Topics 7. Wage Inflation 8. Unemployment and Unfilled Vacancies 9. Wage Structure; Notes; References; Index