Modern Labor Economics

Chapter 1 Introduction The Labor Market Labor Economics: Some Basic Concepts Plan of the Text Appendix 1A Statistical Testing of Labor Market Hypotheses Chapter 2 Overview of the Labor Market The Labor Market: Definitions, Facts, and Trends How the Labor Market Works Applications of the Theory Chapter 3 The Demand for Labor Profit Maximization The Short-Run Demand for Labor When Both Product and Labor Markets Are Competitive The Demand for Labor in Competitive Markets When Other Inputs Can Be Varied Labor Demand When the Product Market Is Not Competitive Policy Application: The Labor Market Effects of Employer Payroll Taxes and Wage Subsidies Appendix 3A Graphical Derivation of a Firm's Labor Demand Curve Chapter 4 Labor Demand Elasticities The Own-Wage Elasticity of Demand The Cross-Wage Elasticity of Demand Policy Application: Effects of Minimum Wage Laws Applying Concepts of Labor Demand Elasticity to the Issue of Technological Change Chapter 5 Frictions in the Labor Market Frictions on the Employee Side of the Market Frictions on the Employer Side of the Market Training Investments Hiring Investments Chapter 6 Supply of Labor to the Economy: The Decision to Work Trends in Labor Force Participation and Hours of Work A Theory of the Decision to Work Policy Applications Chapter 7 Labor Supply: Household Production, the Family, and the Life Cycle The Theory of Household Production A Labor Supply Model that Incorporates Household Production Joint Labor Supply Decisions within the Household Life-Cycle Aspects of Labor Supply Chapter 8 Compensating Wage Differentials and Labor Markets Job Matching: The Role of Worker Preferences and Information Hedonic Wage Theory and the Risk of Injury Hedonic Wage Theory and Employee Benefits Appendix 8A Compensating Wage Differentials and Layoffs Chapter 9 Investments in Human Capital: Education and Training Human Capital Investments: The Basic Model The Demand for a College Education Education, Earnings, and Post-schooling

Ronald G. Ehrenberg is the Irving M. Ives Professor of Industrial and Labor Relations and Economics at Cornell University and a Stephen H. Weiss Presidential Fellow. He is also Director of the Cornell Higher Education Research Institute. Ehrenberg received a BA in mathematics from Harpur College (SUNY Binghamton) in 1966 and a PhD in economics from Northwestern University in 1970. As a member of the Cornell faculty for 32 years, he has authored or co-authored over 120 papers, and authored or edited 20 books. He was the founding editor of Research in Labor Economics, and served a ten-year term as co-editor of the Journal of Human Resources. He has been a member of several editorial boards and a consultant to numerous governmental agencies and commissions, as well as numerous universities and private research corporations. His recent research has focused on higher education issues. Ehrenberg has supervised the dissertations of thirty-nine PhD students and served on committees for countless more. He is also passionate about undergraduate education, involves undergraduate students in his research, and has co-authored papers with a number of these undergraduates. In 2003, ILR-Cornell awarded him the General Mills Foundation Award for Exemplary Undergraduate Teaching. In 2005, he was named a Stephen H. Weiss Presidential Fellow, the highest award for undergraduate teaching that exists at Cornell. Ehrenberg has served as a consultant to faculty and administrative groups as well as to trustees at a number of colleges and universities on issues relating to tuition and financial aid policies, faculty compensation policies, faculty retirement policies, and other budgetary, planning, and academic issues. Among the institutions he has worked with are Brandeis University, Oberlin College, Northeastern University, the University of North Carolina, the University of Chicago, Vanderbilt University, the U.S. Naval Academy, the National Technical Institute for the Deaf at the