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 toward 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.' 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.' Southern Economic Journal