The Economics of Imperfect Labor Markets
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The Economics of Imperfect Labor Markets

Second Edition

Tito Boeri, Jan Ours

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eBook - PDF

The Economics of Imperfect Labor Markets

Second Edition

Tito Boeri, Jan Ours

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About This Book

Most labor economics textbooks pay little attention to actual labor markets, taking as reference a perfectly competitive market in which losing a job is not a big deal. The Economics of Imperfect Labor Markets is the only textbook to focus on imperfect labor markets and to provide a systematic framework for analyzing how labor market institutions operate. This expanded, updated, and thoroughly revised second edition includes a new chapter on labor-market discrimination; quantitative examples; data and programming files enabling users to replicate key results of the literature; exercises at the end of each chapter; and expanded technical appendixes.

The Economics of Imperfect Labor Markets examines the many institutions that affect the behavior of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, active labor market policies, working-time regulations, family policies, equal opportunity legislation, collective bargaining, early retirement programs, education and migration policies, payroll taxes, and employment-conditional incentives. Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterize their effects, and discusses how these institutions are today being changed by political and economic forces.

  • Expanded, thoroughly revised second edition
  • New chapter on labor-market discrimination
  • New quantitative examples
  • New data sets enabling users to replicate key results of the literature
  • New end-of-chapter exercises (with solutions at www.press.princeton.edu)
  • Expanded technical appendixes
  • Unique focus on institutions in imperfect labor markets
  • Integrated framework and systematic coverage
  • Self-contained chapters on each of the most important labor-market institutions

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Information

Publisher
Princeton University Press
Year
2013
ISBN
9781400848195
Edition
2
Topic
Economics
Subtopic
Economic Theory
Index
Economics
L
s
(
w
)
L
d
(
w
)
D
D
B
B
wedge
C
A
A
U
w
w
L
s
1
(
w
)
L
s
0
(
w
)
L
d
(
w
)
L
L
L
L
(a)
(b)
wedge
w
w
FIGURE
1.6
(a)
Price-based
and
(b)
quantity-based
institu-
tions
and
the
wedge
The
proceeds
of
labor
taxes
are
generally
used
to
ļ¬nance
retirement
plans
(chap-
ter
6),
family
allowances
(chapter
7),
and
UBs
(chapter
11).
All
nonemployment
beneļ¬ts
(subsidies
provided
conditional
on
not
working)
shift
labor
supply
up-
ward,
reducing
the
employment
rate
and
the
size
of
the
labor
market.
Part
of
this
reduction
in
employment
is
accommodated
by
an
increase
in
unemployment,
and
the
remaining
part
by
an
increase
in
inactivity.
The
magnitude
of
the
effects
on
inactivity
and
unemployment
depends
on
the
institutional
details,
notably
on
16
1.
Overview

Table of contents