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Book Details

  • Hardcover
  • Bookstore's Wholesale Price: $108.15
  • April 2011
  • ISBN: 978-0-393-97952-7
  • 1128 pages
  • Territory Rights: Worldwide

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  1. Economics

Labor Economics

Introduction to Classic and the New Labor Economics


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Derek Laing (Author, Syracuse University)


The first text in Labor Economics to systematically cover both classic labor economics and “the new labor economics,” which includes topics like job design, incentives, and modern Human Resources issues.

Labor Economics has comprehensive coverage, and gives instructors the flexibility to tailor their text precisely to the course that they want to teach. The text stresses problem solving, with several Worked Problems in each chapter, and includes leading-edge pedagogy to help students better understand and master the material.


The first text to systematically cover classic labor economics AND “the new labor economics”

Topics that are considered “classic” include discrimination, unionization, unemployment, migration and immigration, and education. Topics that are considered “the new labor” include job design, incentives, careers, job search, incomplete contracts, and job creation and destruction.  

Comprehensive and flexible

In addition to the physical text, which contains 25 chapters, there are another 10 chapters available on StudySpace, the free student website. All of this material, as well as mathematical appendices, allow instructors to teach precisely the type of course that they want to, with as much, or as little, math as they want. 

Problem-solving emphasis with a lot of pedagogical help for students

Labor Economics gives instructors the opportunity to teach an intensive problem-solving course, with three Worked Problems per chapter and numerous end-of-chapter problems. And, the text uses leading-edge pedagogy—including Learning Objectives, Take-Home Messages, and Tip Boxes. 

    Core Text

    • Preliminaries
    • 1. Introduction
    • 2. The U.S. Labor Market

    PART I: Foundations

    • 3. Short-Run Demand
    • 4. The Supply of Labor
    • 5. Human Capital
    • 6. On-the-Job Training
    • 7. Competitive Equilibrium

    PART II: Applications and Extensions

    • 8. The Minimum Wage
    • 9. Policy Application: The War on Poverty
    • 10. Death and Injury in the U.S. Workplace
    • 11. Discrimination 1: Theory
    • 12. Discrimination 2: Evidence and Policy

    PART III: The Employment Relation

    • 13. The Hiring Process
    • 14. Incentives
    • 15. Tasks, Technologies, and Organizational Design
    • 16. Careers and Employment Relation
    • 17. Executive Pay
    • 18. Trade Unions 1: Density, Goals and Impact

    PART IV: The Aggregate Labor Market

    • 19. Earning 1: The Wage Structure
    • 20. Labor Mobility I: Migration
    • 21. Labor Mobility II: Immigration and Outsourcing
    • 22. Unemployment I: Contractual Frictions
    • 23. Unemployment II: Market Frictions
    • 24. Turnover I: Search and Accessions
    • 25. Turnover II: Quits and Layoffs

    Supplemental Web Chapters:

    • S1: The Long-Run Demand for Labor and Adjustment Costs
    • S2: Policy Application: Income Taxes
    • S3: Labor Supply over the Life Cycle
    • S4: The Family
    • S5: Retirement
    • S6: Crime
    • S7: Trade Unions II: Collective Bargaining and Strikes
    • S8: Earnings II: Sectoral Shocks and Aggregate Disturbances
    • S9: Schooling I: The Performance of Schools and Colleges
    • S10: Education II: Governance and Finance