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:
What new tools and models are enriching labor economics? "Developments in Research Methods and their Application" (volume 4A) summarizes recent advances in the ways economists study wages, employment, and labor markets. Mixing conceptual models and empirical work, contributors cover subjects as diverse as field and laboratory experiments, program evaluation, and behavioral models. The combinations of these improved empirical findings with new models reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. Investigates recent advances in methods and models used in labor economics Demonstrates what these new tools and techniques can accomplish Documents how conceptual models and empirical work explain important practical issues
What factors affect the ways individualsaparticipate inalabor markets? New Developments and Research on Labor Markets (volume 4B) proposes answers to this and other questions on important topics of public policy.a Leading labor economists demonstrate how better data and advancedaexperiments help them applyaeconomic theory, yielding sharper analyses and conclusions.aaaThe combinationsaof these improved empirical findings with newamodels enable the authors of these chaptersato revealahow labor economistsaare developing new and innovative ways to measure keyaparameters and test important hypotheses.a Concentrates on empirical research in specific labor markets, including those defined by age, gender, and raceReveals howaquestions and answers aboutathese markets have changed and how models measure themDocuments how conceptual models and empirical work explain important practical issues"