Labour Economics
- 1
- New Delhi: Lakshita Book Distributors, 2025.
- 263p.
Contents Preface 1. Introduction to Labour Economics Definition and Scope of Labour Economics Importance in Economic Analysis Evolution of Labour Market Theories 2. Labour Supply Individual Labour Leisure Choice Labour Force Participation Decisions Income and Substitution Effects Demographic and Social Influence on Supply 3.Labour Demand Short- Run and Long Run Labour Demand Marginal Productivity Theory Effects of Wage Changes on Employment Determinants of Firm Hiring Decisions 4.Labour Market Equilibrium Competitive Market Equilibrium Effects of Taxes and Subsidies Market Adjustment and Disequilibrium Labour Market Outcomes in Perfect Competition 5. Wage Determination Human Capital Theory Compensating Wage Differentials Efficiency Wage Theory Bargaining and Collective Wage Setting 6. Unemployment Types of Unemployment: Frictional, Structural, Cyclical Measurement and Trends Theories of Unemployment Policy Responses to Unemployment 7.Labour Market Discrimination and Inequality Gender and Racial Wage Gaps Statistical and Taste Based Discrimination Measuring Income Inequality Equity vs Efficiency Debate 8. Labour Market Segmentation Primary and Secondary Labour Markets Informal Sector and Casual Labour Dual Labour Market Theory Implications For Policy and Growth 9. Labour Mobility and Migration Internal Labour mobility International Migration and Labour Markets Brain Drain and Brain Gain Economic Impact of Labour Migration 10. Labour Unions and Collective Bargaining Role and Structure of Labour Unions Bargaining Models and Outcomes Union Impact on Wages and Productivity Strikes and Labour Disputes 11.Labour Laws and Institutions Employment Protection Legislation Minimum Wages and Working Hours Social Security and Labour Welfare Global Labour Standards 12.Human Capital and Skill Development Investment in Education and Training Returns to Schooling Vocational and On-the-job Training Education Policy and Labour Market Outcomes 13.Technological Change and the Labour Market Automation and Job Displacement Digital Economy and Remote Work Skill Biased Technological Change Preparing for the Future of Work 14. Globalization and Labour Economics Trade and Labour Demand Outsourcing and Offshoring Global Labour Standards Impact of Globalization on Wages and Employment 15. Contemporary Challenges in Labour Economics the Gig Economy and Informal Work Labour Market Impacts of Covid -19 Gender Equity in the Workplace Sustainable Employment and Inclusive Growth Bibliography Index