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Introduction to Labor Economics | Why study Labor Economics? Issues in Labor Economics | ![]() |
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Labor Supply | Measuring LF Model of Labor-Leisure Choice Why women’s work propensities rose and hours of work declined Do welfare programs reduce incentives to work? Does a cut in the income tax rate increase hours of work? What factors explain the rapid growth of women’s LFPR? | ![]() |
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Labor Demand | how many workers are hired and what are they paid? How many workers should the firm hire? | ![]() |
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Compensating Wage Differentials | Why do different workers get paid differently? | ![]() |
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Human Capital | How we choose the particular set of skills and knowledge. Which level of schooling should a person choose? | ![]() |
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Wage Structure | This chapter considers the factors that contribute to the shape of the wage distribution. Why did wage inequality increase? | ![]() |
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Labor Market Discrimination | Discrimination occurs when the marketplace takes into account such factors as race and sex when making economic exchanges. | ![]() |
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Labor Union | Decision to join a union. Why has union membership declined? | ![]() |
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Incentive Pay | Incentive pay and pay system. Compensation of CEOs | ![]() |
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Unemployment | Structural Unemployment, Frictional Unemployment, Job Search | ![]() |