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Labor Demand
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Language:
English
Published/Copyright:
2021
About this book
In this book Daniel Hamermesh provides the first comprehensive picture of the disparate field of labor demand. The author reviews both the static and dynamic theories of labor demand, and provides evaluative summaries of the available empirical research in these two subject areas. Moreover, he uses both theory and evidence to establish a generalized framework for analyzing the impact of policies such as minimum wages, payroll taxes, job- security measures, unemployment insurance, and others. Covering every aspect of labor demand, this book uses material from a wide range of countries.
Author / Editor information
Daniel S. Hamermesh is Edward Everett Hale Centennial Professor of Economics at the University of Texas at Austin. He is the coauthor of The Economics of Work and Pay, and he is a major contributor to the Handbook of Labor Economics.
Reviews
"In addition to discussing the relevant theoretical aspects in the field, Hamermesh spares no effort in providing tabular surveys of the vast empirical literature. Confronting theoretical models with empirical 'facts' of how a firm's labor demand responses to exogenous shocks provides ... 'a dose of reality to the more fanciful flights of macroeconomic theory.'... The book is ... essential reading."---Christoph R. Weiss, Kyklos
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"Do we need a book concentrating solely on the demand side of the labor market? There are ... strong reasons why the answer is yes.... Hamermesh is to be congratulated for providing a text that will stimulate a greater interest in the study of labor demand."---Robert A. Hart, Journal of Political Economy
Topics
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Frontmatter
i -
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Contents
v -
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Figures
ix -
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Tables
xi -
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Preface
xiii -
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Chapter One. The Study of Labor Demand
1 - Part One. The Static Demand for Labor
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Chapter Two. The Static Theory of Labor Demand
15 -
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Chapter Three. Wage, Employment, and Substitution Elasticities
61 -
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Chapter Four. Employment Demand and the Birth and Death of Firms
137 -
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Chapter Five. Static Demand Policies
163 - Part Two. The Dynamic Demand for Labor
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Chapter Six. The Dynamic Theory of Labor Demand
203 -
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Chapter Seven. Estimates of the Dynamics of Employment and Hours
247 -
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Chapter Eight. Dynamic Demand Policies
298 - Part Three. Some Applications
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Chapter Nine. Labor Demand and the Macroeconomy
333 -
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Chapter Ten. Labor Demand and the Economics of Development
364 -
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Chapter Eleven. Conclusions, Data Requirements, and New Directions
391 -
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References
403 -
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Index
437
Publishing information
Pages and Images/Illustrations in book
eBook published on:
July 20, 2022
eBook ISBN:
9780691222998
Pages and Images/Illustrations in book
eBook ISBN:
9780691222998
Keywords for this book
Employment; Labor demand; Wage; Demand For Labor; Efficiency wage; Supply (economics); Long run and short run; Labour supply; Factor price; Compensating differential; Unemployment; Tax; Total factor productivity; Maximum wage; Job security; Marginal cost; Comparative advantage; Price elasticity of demand; Isoquant; Externality; Real business-cycle theory; Layoff; Substitution effect; Real wages; Subsidy; Real versus nominal value (economics); Induced innovation; Marginal product; Production function; Profit maximization; Estimation; Implicit cost; Economic efficiency; Shephard's lemma; Law of demand; Inelastic; Utility; Cost curve; Contract curve; Indifference curve; Phillips curve; Cobb–Douglas production function; Variable cost; Total cost; Supply shock; Trade barrier; Economic forces; Marginal rate of substitution; Factor cost; Developed country; Investment goods; Marginal rate of technical substitution; Economic cost; Income elasticity of demand; Oligopoly; Unemployment in the United States; Inflation; Profit (economics); Elasticity of substitution; Reservation wage; Developing country; Monopsony; Demand response; Response Lag; Stephen Nickell; Shortage; Time preference; Economics; Mandatory retirement; Risk aversion
Audience(s) for this book
For an expert adult audience, including professional development and academic research
