Industrial And Labor Economics

Analyzes the field of labour economics and labour relations, covering labour market economics, wage determination, union organization, collective bargaining and the economic effects of unionization. Emphasis is placed on policy applications of labour economics and changes in industrial relations.

This book is an attempt to capture and analyze several idiosyncratic features of industry and labor in the developing world. Available books and graduate-level texts in labor economics largely discuss industrial and labor market situations prevalent in developed countries, where well-defined institutional arrangements and regulations create a very different scope of analysis. The patterns of choice in training and contracts in the labor market more apparent in developing and transition countries are discussed, as are the information-theoretic results. The book also critically examines labor migration, a context in which the developing and transition countries represent large sources in the present global order. A broad base of empirical observations from industries is used to develop analytical conjectures on risk-sharing arrangements between workers and employers, while strong intuitive explanations are combined with relevant mathematical and graphical derivations, ensuring the book’s readability among graduate students pursuing courses in labor economics and industrial economics for developing and transition countries. The book may also serve as a valuable reference guide for all students in advanced human resources courses at management schools. Presenting state-of-the art research findings in all of its chapters, the book discusses numerous institutional peculiarities of the developing world, making the results distinct in view of the general scope of labor economics.

Textbook on work economics and on elements and legal aspects of the labour relations system in the USA - covers theoretical and historical aspects, human resources, labour force, trade unionism, collective bargaining, strikes, dispute settlement, problems of employment policy aimed at full employment, wage policy, etc., and includes comments on and some excerpts of relevant labour legislation.

Textbook on labour economics and labour relations in the USA - covers trade union structure, union leadership and membership, collective bargaining, management attitudes, grievance procedure, labour market, labour force, labour supply, wage determination, income distribution, wage policy, employment security, unemployment, labour turnover, employment opportunity, etc., together with comments on relevant labour legislation. Graphs and references.

In twenty-three original essays this book surveys the course of labor economics over the more than two centuries since the publication of Adam Smith's Wealth of Nations. It fully examines the contending theories, changing environmental contexts, evolving issues, and varied policies affecting labor's participation in the economy. Beginning with George P. Shultz, who provides the foreword, the contributors are among the most distinguished scholars in labor economics and industrial relations. These essays represent some of their finest work and apply the ideas for which they are best known. Highlights include John T. Dunlop on internal labor markets, John Kenneth Galbraith on power relationships in the economy, Robert M. Solow on explanation of unemployment, Jacob Mincer on human capital, Lloyd G. Reynolds on labor in developing countries, Richard A. Lester on wage differentials, Edward F. Denison on productivity, Richard Freeman on union/non-union differentials, F. Ray Marshall on human resource development, and Thomas A. Kochan on policy making. While the intellectual framework of the book looks partly to the past - explaining the labor factor in classical and neoclassical systems - its emphasis is on contemporary problems that will figure prominently in future developments, such as the operation of internal labor markets, dispute resolution, concession bargaining, equal employment opportunity, and individual labor contracting. This book is required reading for students and scholars of labor economics.

Annotated bibliography and guide to information sources on labour economics.