The Economics of Earnings [Paperback]

This book examines the wages people earn, the jobs they do, and the effect of government labour market policies on wages and employment.In examining the wages people earn, the jobs they do, and the effect of government labor market policies on wages and employment, this work synthesizes research findings using a human capital framework that no other similar book offers.In examining the wages people earn, the jobs they do, and the effect of government labor market policies on wages and employment, this work synthesizes research findings using a human capital framework that no other similar book offers.This book examines the wages people earn, the jobs they do, and the effect of government labor market policies on wages and employment. The book synthesizes research findings on these topics, using a human capital framework that no other similar book offers. The authors present an integrated evaluation of education subsidies, training programs, gender and race equality programs, unemployment insurance laws, minimum wage legislation, union protection laws, health and safety laws and employment protection laws.Preface; 1. Introduction: the importance of life-cycle analysis; 2. The life-cycle human capital model; 3. Schooling; 4. Post-school investments; 5. Labour supply; 6. Gender in the labour market; 7. Compensating wage differentials and heterogeneous human capital; 8. Information and wages; 9. Payment systems and internal labour markets; 10. Unionisation; References. Reservations aside, this book is a masterful synthesis of theory and evidence. It provides a thoughtful and highly readable presentation of the central questions and methodological issues that constitute current day understanding of, and research on, labor markets. Southern Economic Journal