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Book details
ISBN: 9780073523200 / 0073523208
Division: Higher Education
Pub Date: JAN-12
Pages: 592

Copyright: 2013
Edition: 6
Format: Hardback
Labor Economics

George Borjas


About the book

Labor Economics, Sixth Edition by George J. Borjas provides a modern introduction to labor economics, emphasizing both theory and empirical evidence. The book uses many examples drawn from state-of-the-art studies in labor economics literature. The author introduces, through examples, methodological techniques that are commonly used in labor economics to empirically test various aspects of the theory. New and hallmark features of the text include:
Key features

  • New and Relevant Updates: New policy-relevant applications to help students better understand the theory and new research from recently published
  • Concise Presentation of the Essentials: Although the text covers every major topic in labor economics, it focuses on the essentials, making it concise and easy to read.
  • New “Theory at Work” Boxes: Several new boxes have been added, including how the exodus of renowned Jewish scientists from Nazi Germany affected the productivity of the doctoral students they left behind, the economic consequences of political discrimination in Hugo Chavez’s Venezuela, and a discussion of the long-run consequences of graduating from college during a recession.
  • Statistical Method of Fixed Effects: An introduction to this methodology estimates the key parameter that summarizes a worker’s reaction to wage changes in a labor supply model over the life cycle.
  • New Mathematical Appendix: In response to customer requests, a new appendix presents a mathematical version of some of the canonical models in labor economics. None of the material in this appendix is a prerequisite to reading or understanding the 12 core chapters of the textbook.
  • Continued use of state-of-the-art econometric tools in describing research studies: These econometric tools play a central role in research in modern labor economics. It would be impossible to get a good appreciation for what research in Labor Economics is about—and particularly about its limitations—without a solid understanding of these tools.
  • Approach: Labor Economics is surveyed with an emphasis on both theory and facts. This approach relies more on "the economic way of thinking" than other texts.
  • Special Pedagogical Features: These features include “Theory of Work” boxes and extended policy applications throughout the text. "Key Concepts" appear in boldface type in the text and appear at the end of the chapter, as do Chapter summaries, Review Questions and Problems, a Selected Readings section, and a Weblinks Section.
  • Concise and Flexible: This edition remains much shorter than competing labor economics textbooks. The book contains an introductory chapter, plus 11 substantive chapters. The book continues to have each chapter serve as the basis for about a week’s worth of lectures in a typical undergraduate semester course.

  • Table of contents

    Chapter 1: Introduction to Labor Economics
    Chapter 2: Labor Supply
    Chapter 3: Topics in Labor Supply
    Chapter 4: Labor Demand
    Chapter 5: Labor Market Equilibrium
    Chapter 6: Compensating Wage Differentials
    Chapter 7: Human Capital
    Chapter 8: The Wage Structure
    Chapter 9: Labor Mobility
    Chapter 10: Labor Market Discrimination
    Chapter 11: Labor Unions
    Chapter 12: Incentive Pay
    Chapter 13: Unemployment
    Mathematical Appendix: Some Standard Models in Labor Economics



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