The Economics of Earnings

Solomon W. Polachek; W. Stanley Siebert

doi:10.1017/CBO9780511522062

The Economics of Earnings analyses the wages that people earn, the jobs they do, and the labour market laws and rules within which they operate. Moving away from the conventional emphasis on point-in-time one-period decisions, it stresses informed worker choice over the life-cycle - the human capital approach. Within this framework, the book synthesises research results so as to point the way to better labour market policies. Government policy is often directed towards labour market issues such as education subsidies, training programmes, health and safety laws, and employment protection laws. By using models based on informed worker choice - the supply side - this book will assist concerned individuals in government, industry and academic study to evaluate and improve labour market policies and practices.

‘… The Economics of Earnings is a fine textbook for a core part of a labour economics curriculum.’

Source: Besprechungen

‘ … this book is a masterful synthesis of theory and evidence. It provides a thoughtful and highly readable presentation of the central questions and methodological issues that constitute current day understanding of, and research on, labor markets.’

Source: Southern Economic Journal

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The Economics of Earnings

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Contents

Frontmatter
pp i-vi

Contents
pp vii-xii

Foreword
pp xiii-xiv

Preface
pp xv-xvi

1 - Introduction: the importance of life-cycle analysis
pp 1-15

2 - The life-cycle human capital model
pp 16-38

3 - Schooling
pp 39-70

4 - Post-school investment
pp 71-95

5 - Labour supply
pp 96-136

6 - Gender in the labour market
pp 137-173

7 - Compensating wage differentials and heterogeneous human capital
pp 174-209

8 - Information and wages
pp 210-249

9 - Payment systems and internal labour markets
pp 250-277

10 - Unionisation
pp 278-329

References
pp 330-350

Subject index
pp 351-362

Author index
pp 363-367

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