The Economics of Imperfect Labor Markets, Third Edition

"The Economics of Imperfect Labor Markets, Third Edition" is a comprehensive textbook that provides a detailed exploration of the complexities and imperfections that characterize real-world labor markets. Authored by leading experts in the field, this edition delves into various aspects of labor economics, offering insights into wage determination, employment policies, labor market regulation, and the economic theories that explain labor market dynamics.

This third edition has been thoroughly updated to include the latest research and developments in the field of labor economics. It covers topics such as monopsony power in labor markets, the impact of labor market regulations, and the role of institutions in shaping labor market outcomes. The book also examines the causes and consequences of labor market inequalities, providing a nuanced understanding of how different factors influence employment and wages.

Ideal for students, researchers, and policymakers, "The Economics of Imperfect Labor Markets" combines rigorous economic theory with practical policy analysis. It equips readers with the tools and knowledge needed to analyze labor market issues and design effective employment policies.

Key Features:

1. Comprehensive Coverage: The book provides a thorough examination of labor market imperfections, covering topics such as wage determination, labor market dynamics, and the impact of regulation.
   
2. Updated Content: The third edition includes the latest research and developments in labor economics, ensuring that readers have access to current insights and data.
   
3. Economic Theory: The book explains key economic theories related to labor markets, including monopsony power, labor market frictions, and the role of institutions.
   
4. Policy Analysis: Explore the implications of labor market imperfections for employment policy, including the design and evaluation of policies aimed at improving labor market outcomes.
   
5. Labor Market Inequalities: The book addresses the causes and consequences of inequalities in the labor market, offering insights into how different factors affect wages and employment.
   
6. Real-World Applications: "The Economics of Imperfect Labor Markets" connects theoretical concepts with real-world labor market issues, making it relevant for both academic study and policy development.
   
7. For Students and Researchers: This textbook is designed for students of labor economics, as well as researchers and professionals interested in understanding the complexities of labor markets.
   
8. Practical Insights: The book provides practical insights into the functioning of labor markets, helping readers to apply economic theory to the analysis of labor market problems.
   
9. Global Perspective: While focusing on core economic principles, the book also considers labor market issues from a global perspective, including the effects of globalization on labor markets.
   
10. Essential Reading: "The Economics of Imperfect Labor Markets, Third Edition" is essential reading for anyone involved in labor economics, offering a deep understanding of the factors that shape labor market outcomes.
    

Expand your understanding of labor market economics with "The Economics of Imperfect Labor Markets, Third Edition." Whether you're a student, researcher, or policymaker, this book provides the essential knowledge and analytical tools needed to navigate the complexities of imperfect labor markets and contribute to the development of effective labor policies.

Description:

The leading textbook on imperfect labor markets and the institutions that affect them — now completely updated and expanded 

Today's labor markets are witnessing seismic changes brought on by such factors as rising self-employment, temporary employment, zero-hour contracts, and the growth of the sharing economy. This fully updated and revised third edition of The Economics of Imperfect Labor Markets reflects these and other critical changes in imperfect labor markets, and it has been significantly expanded to discuss topics such as workplace safety, regulations on self-employment, and disability and absence from work. This new edition also features engaging case studies that illustrate key aspects of imperfect labor markets. 

Authoritative and accessible, this textbook examines the many institutions that affect the behaviour of workers and employers in imperfect labor markets. These include minimum wages, employment protection legislation, unemployment benefits, family policies, equal opportunity legislation, collective bargaining, early retirement programs, and education and migration policies. 
Written for advanced undergraduates and beginning graduate students, the book carefully defines and measures these institutions to accurately characterise their effects, and discusses how these institutions are being transformed today. 
Fully updated to reflect today's changing labor markets 
Significantly expanded to discuss a wealth of new topics 
Features quantitative examples, new case studies, data sets that enable users to replicate results in th