Modern Labor Economics: Theory and Public Policy 13th Edition by Ronald Ehrenberg (Author)

Publisher: ECONOMICS

Availability: In Stock
SKU: 57167
Number of Pages: 752
Publication Date: 2017-08-09

Rs.1,590.00

Rs.2,095.00

Description
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Description

Modern Labor Economics: Theory and Public Policy (13th Edition) by Ronald Ehrenberg and Robert Smith offers a comprehensive and up-to-date examination of labor economics, integrating both theory and practical policy applications. The 13th edition of this textbook continues to provide students with a thorough understanding of labor market dynamics, focusing on labor supply and demand, wage determination, human capital, and labor market discrimination. With real-world examples, updated statistical data, and analysis of recent trends, it remains an invaluable resource for students and instructors in economics, public policy, and related fields. The text also delves into important policy issues such as unemployment, income inequality, and labor market regulations, providing readers with the tools to analyze and address contemporary labor market challenges. Throughout the book, the authors balance theoretical models with empirical evidence, giving students a solid foundation for understanding both the economic principles and the practical implications of labor market issues.

Key Points:

Comprehensive Coverage of Labor Economics
The textbook provides an extensive overview of key concepts in labor economics, including labor supply and demand, wage determination, labor market outcomes, and human capital.
Focus on Public Policy
The 13th edition emphasizes the role of government policy in shaping labor market outcomes, addressing topics like minimum wage laws, unemployment insurance, and education policies.
Integration of Theory and Real-World Examples
The authors use real-world case studies and data to illustrate how labor economic theories apply to contemporary labor market issues, making the material both engaging and practical.
Updated Data and Trends
The 13th edition incorporates the latest economic data, ensuring that students are learning from the most current information available, including recent trends in employment, wages, and income distribution.
Human Capital and Education
A key theme in the book is the importance of education and training in determining labor market outcomes. The authors analyze how human capital influences wage differences and career opportunities.
Labor Market Discrimination
The book explores various forms of labor market discrimination, including race, gender, and ethnicity, offering insight into how these factors impact wages and employment opportunities.
International Labor Markets
The textbook also considers global labor markets, addressing how international trade, migration, and globalization affect labor supply and demand in different regions.
Unemployment and Employment Policies
A significant portion of the book focuses on issues related to unemployment, including its causes, measurement, and policy responses, along with the effects of active labor market policies.
Income Inequality
Ehrenberg and Smith examine the causes and consequences of income inequality in the labor market, discussing policies aimed at reducing income disparities.
Engagement with Contemporary Issues
The book incorporates discussions on emerging issues such as gig economy jobs, labor force participation rates, and automation, making it relevant to current and future labor market challenges.

Conclusion:
Modern Labor Economics: Theory and Public Policy (13th Edition) by Ronald Ehrenberg and Robert Smith is an essential resource for anyone studying labor economics or public policy. It expertly blends theoretical foundations with real-world applications, providing students with the tools to understand and analyze labor markets. The updated edition ensures that readers are equipped with the latest insights and data, while the focus on public policy gives a deeper understanding of how economic theory translates into practical solutions for today’s labor market issues. This book remains an indispensable text for both academic study and professional reference.

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Writer ✤ Ronald Ehrenberg (Author), Robert Smith (Author)

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