Handbook of Labor Economics, Volume 4A & B SET (Volume 4) (Handbooks in Economics, Volume 4)

What factors affect the ways individuals participate in labor markets? "New Developments and Research on Labor Markets" (volume 4B) proposes answers to this and other questions on important topics of public policy. Leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions. The combinations of these improved empirical findings with new models enable the authors of these chapters to reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. Concentrates on empirical research in specific labor markets, including those defined by age, gender, and race Reveals how questions and answers about these markets have changed and how models measure them Documents how conceptual models and empirical work explain important practical issues Content: Copyright Page iv Contents of Volume 4A Pages v-vii Contents of Volume 4B Pages ix-xii Contributors to Volume 4A Pages xiii-xiv Chapter 1 - Decomposition Methods in Economics Pages 1-102 Nicole Fortin, Thomas Lemieux, Sergio Firpo Chapter 2 - Field Experiments in Labor Economics Pages 103-228 John A. List, Imran Rasul Chapter 3 - Lab Labor: What Can Labor Economists Learn from the Lab? Pages 229-330 Gary Charness, Peter Kuhn Chapter 4 - The Structural Estimation of Behavioral Models: Discrete Choice Dynamic Programming Methods and Applications Pages 331-461 Michael P. Keane, Petra E. Todd, Kenneth I. Wolpin Chapter 5 - Program Evaluation and Research Designs Pages 463-536 John DiNardo, David S. Lee Chapter 6 - Identification of Models of the Labor Market Pages 537-617 Eric French, Christopher Taber Chapter 7 - Search in Macroeconomic Models of the Labor Market Pages 619-700 Richard Rogerson, Robert Shimer Chapter 8 - Extrinsic Rewards and Intrinsic Motives: Standard and Behavioral Approaches to Agency and Labor Markets Pages 701-772 James B. Rebitzer, Lowell J. Taylor Subject Index to Volume 4A Pages xv-xlvii Subject Index to Volume 4B Pages xlix-lxxxviii

What factors affect the ways individuals participate in labor markets?

"New Developments and Research on Labor Markets" (volume 4B) proposes answers to this and other questions on important topics of public policy. Leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions. The combinations of these improved empirical findings with new models enable the authors of these chapters to reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses.

• Concentrates on empirical research in specific labor markets, including those defined by age, gender, and race
• Reveals how questions and answers about these markets have changed and how models measure them
• Documents how conceptual models and empirical work explain important practical issues

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 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 new tools and models can economists use to understand how individuals participate in labor markets?"Developments in Resarch Methods and Their Applications" (volume 4A) and "New Developments and Research on Labor Markets" (volume 4B) propose answers to this and other questions on important topics of public policy. By mixing conceptual models and empirical research, leading labor economists demonstrate how better data and advanced experiments help them apply economic theory, yielding sharper analyses and conclusions. Their chapters reveal how labor economists are developing new and innovative ways to measure key parameters and test important hypotheses. Examines labour supply and demand and their impact on the wage structure. Explains the sources of income inequality, and the disincentive effects of attempts to produce a more equal distribution. Labour supply is considered in relation to the incentives which individuals have to provide labour services. Observes that heterogeneity in worker skills and employer demands often tempers the outcomes that would be expected in frictionless labour markets