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Books > Academic & Education > Professional & Technical > Econometrics

Economics of Education (Hardcover): Dominic J. Brewer, Patrick J. McEwan Economics of Education (Hardcover)
Dominic J. Brewer, Patrick J. McEwan
R1,730 Discovery Miles 17 300 Within 7 - 11 working days

A collection of short, stand-alone chapters divided into five sections including overview of the field;private and social returns to human capital investments;production, costs and financing of education; teachers and teacher labor markets; andeducation markets, choice and incentives. The collection provides international perspectives that describe the origins of these subjects, their major issues and proponents, their landmark studies, and opportunities for future research.

The 70 contributors are each well-regarded economists whose research has advanced the topic on which they write, and this book fulfills anundersupplied niche for a text in the economics of education.

The chapters come from the acclaimed"International Encyclopedia of Education, 3e "(2010), edited byEva Baker, Barry McGaw, and Penelope Peterson.The "Encyclopedia" contains over 1,350 articles in 24 sections that stretch from educational philosophies and technologies to measurement, leadership, and national systems of education.
This single volume textbookpresents a cohesive view of this increasingly important area of economics

Superb contributions from well-regarded economist convey unique and useful perspectives

Chapters contain an extensive bibliography and further readings toenable interested researchers to extend their knowledge into each specific topic "

Handbook of the Economics of Finance, Volume 2A - Corporate Finance (Hardcover, New): George M. Constantinides, Milton Harris,... Handbook of the Economics of Finance, Volume 2A - Corporate Finance (Hardcover, New)
George M. Constantinides, Milton Harris, Rene M. Stulz
R3,136 Discovery Miles 31 360 Within 7 - 15 working days

In the 11 articles in this first of two parts, top scholars summarize and analyze recent scholarship incorporate finance. Covering subjects from corporate taxes to behavioral corporate finance and econometric issues, their articlesreveal how specializations resonate with each other and indicate likely directions for future research. By includingboth established and emerging topics, Volume 2 will have the same long shelf life and high citations that characterize Volume 1 (2003).
Presents coherent summaries of major finance fields, marking important advances and revisionsDescribes the best corporate finance research created about the 2008 financial crisesExposes readers to a wide range of subjects described and analyzed by the best scholars"

Handbook of Computable General Equilibrium Modeling, Volume 1B (Hardcover, New): Peter B. Dixon, Dale Jorgenson Handbook of Computable General Equilibrium Modeling, Volume 1B (Hardcover, New)
Peter B. Dixon, Dale Jorgenson
R2,397 Discovery Miles 23 970 Within 7 - 11 working days

In this collection of 16 articles, top scholars synthesize and analyze scholarship on this widely used tool of policy analysis, setting forth its accomplishments, difficulties, and means of implementation. Though CGE modeling does not play a prominent role in top US graduate schools, it is employed universally in the development of economic policy. This collection is particularly important because it presents a history of modeling applications and examines competing points of view.
Presents coherent summaries of CGE theories that inform major model types Covers the construction of CGE databases, model solving, and computer-assisted interpretation of results Shows how CGE modeling has made a contribution to economic policy

Handbook of Agricultural Economics, Volume 3 - Agricultural Development: Farmers, Farm Production and Farm Markets (Hardcover,... Handbook of Agricultural Economics, Volume 3 - Agricultural Development: Farmers, Farm Production and Farm Markets (Hardcover, 3rd edition)
Robert E. Evenson, Prabhu Pingali
R3,129 Discovery Miles 31 290 Within 7 - 15 working days

Volume 3 of this series of the Handbooks in Economics follows on from the previous two volumes by focusing on the fundamental concepts of agricultural economics. The first part of the volume examines the developments in human resources and technology mastery. The second part follows on by considering the processes and impact of invention and innovation in this field. The effects of market forces are examined in the third part, and the volume concludes by analysing the economics of our changing natural resources, including the past effects of climate change.
Overall this volume forms a comprehensive and accessible survey of the field of agricultural economics and is recommended reading for anyone with an interest, either academic or professional, in this area.
*Part of the renown Handbooks in Economics series
*Contributors are leaders of their areas
*International in scope and comprehensive in coverage

Handbook of Public Economics, Volume 4 (Hardcover): Auerbach Handbook of Public Economics, Volume 4 (Hardcover)
Auerbach
R2,894 Discovery Miles 28 940 Within 7 - 15 working days

The publication of volumes 3 and 4 of the Handbook of Public Economics affords us several opportunities: to address lacunae in the original two volumes of this series, to revisit topics on which there has been substantial new research, and to address topics that have grown in importance. Indeed, many of the papers individually encompass all three of these elements. For each chapter relates to one from an earlier volume, the new contribution is free standing, written with the knowledge that the reader retains the opportunity to review the earlier chapter to compare perspectives and consider material that the current author has chosen not to cover. Indeed, such comparisons illuminate the evolution of the field during the two decades that have elapsed since work first began on the chapters in volume 1. Taken together, the four volumes offer a comprehensive review of research in public economics over the past few decades, written by many of the field's leading researchers.


For more information on the Handbooks of Economics series, please see our homepage on http: //www.elsevier.nl/locate/hes

Handbook of Social Choice and Welfare, Volume 19 (Hardcover): Kenneth J. Arrow, Amartya K. Sen, K otar o Suzumura Handbook of Social Choice and Welfare, Volume 19 (Hardcover)
Kenneth J. Arrow, Amartya K. Sen, K otar o Suzumura
R2,894 Discovery Miles 28 940 Within 7 - 15 working days

The Handbook of Social Choice and Welfare presents, in two volumes, essays on past and on-going work in social choice theory and welfare economics. The first volume consists of four parts. In Part 1 (Arrovian Impossibility Theorems), various aspects of Arrovian general impossibility theorems, illustrated by the simple majority cycle first identified by Condorcet, are expounded and evaluated. It also provides a critical survey of the work on different escape routes from impossibility results of this kind. In Part 2 (Voting Schemes and Mechanisms), the operation and performance of voting schemes and cost-sharing mechanisms are examined axiomatically, and some aspects of the modern theory of incentives and mechanism design are expounded and surveyed. In Part 3 (structure of social choice rules), the positional rules of collective decision-making (the origin of which can be traced back to a seminal proposal by Borda), the game-theoretic aspects of voting in committees, and the implications of making use of interpersonal comparisons of welfare (with or without cardinal measurability) are expounded, and the status of utilitarianism as a theory of justice is critically examined. It also provides an analytical survey of the foundations of measurement of inequality and poverty. In order to place these broad issues (as well as further issues to be discussed in the second volume of the Handbook) in perspective, Kotaro Suzumura has written an extensive introduction, discussing the historical background of social choice theory, the vistas opened by Arrow's "Social Choice and Individual Values," the famous "socialist planning" controversy, and the theoretical and practical significance of social choice theory. The primary purpose of this Handbook is to provide an accessible introduction to the current state of the art in social choice theory and welfare economics. The expounded theory has a strong and constructive message for pursuing human well-being and facilitating collective decision-making.

*Advances economists understanding of recent advances in social choice and welfare

*Distills and applies research to a wide range of social issues

*Provides analytical material for evaluating new scholarship

*Offers consolidated reviews and analyses of scholarship in a framework that encourages synthesis. "

Handbook of Defense Economics - Defense in a Globalized World (Hardcover, 2nd edition): Keith Hartley, Todd Sandler Handbook of Defense Economics - Defense in a Globalized World (Hardcover, 2nd edition)
Keith Hartley, Todd Sandler
R2,608 Discovery Miles 26 080 Within 7 - 11 working days

The second volume of the Handbook of Defense Economics addresses defense needs, practices, threats, and policies in the modern era of globalization. This new era concerns the enhanced cross-border flows of all kinds (e.g., capital and labor flows, revolutionary rhetoric, guerrillas, and terrorists) including the spillovers of benefits and costs associated with public goods and transnational externalities (i.e., uncompensated interdependencies affecting two or more nations). These ever-increasing flows mean that military armaments and armies are less able to keep out security threats. Thus, novel defense and security barriers are needed to protect borders that are porous to terrorists, pollutants, political upheavals, and conflicts. Even increased trade and financial flows imply novel security challenges and defenses. Globalization also underscores the importance of a new set of institutions (e.g., the European Union and global governance networks) and agents (e.g., nongovernmental organizations and partnerships).
This volume addresses the security challenges in this age of globalization, where conflicts involve novel tactics, new technologies, asymmetric warfare, different venues, and frightening weapons. Volume 2 contains topics not covered in volume 1 - i.e., civil wars, peacekeeping, economic sanctions, the econometrics of arms races, conversion, peace economics, and the interface of trade, peace, and democracy. Volume 2 also revisits topics from volume 1, where there has been a significant advancement of knowledge - i.e., conflict analysis, terrorism, arms races, arms trade, military manpower, and arms industries. All of the main securities concerns of today are analyzed. Chapters are written by the leading contributors in the topic areas.
*Up-to-date surveys on the pressing defense issues: theoretical, empirical and policy issues.
*Coverage of theoretical and empirical studies of terrorism.
*Contributions by the leading researchers in the field of defense economics.

Handbook of Development Economics, Volume 1 (Hardcover): Hollis Chenery, T. N. Srinivasan Handbook of Development Economics, Volume 1 (Hardcover)
Hollis Chenery, T. N. Srinivasan
R2,319 Discovery Miles 23 190 Within 7 - 11 working days

For this Handbook authors known to have different views regarding the nature of development economics have been selected. The Handbook is organised around the implications of different sets of assumptions and their associated research programs. It is divided into three volumes, each with three parts which focus on the broad processes of development. Volume 1 of the Handbook begins by discussing the concept of development, its historical antecedents, and alternative approaches to the study of development, broadly construed. The second part is devoted to the structural transformation of economies. The role that human resources play in economic development is the focus of the last section of this volume.

For more detailed information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/hes

Handbook of the Economics of Finance, Volume 2B - Asset Pricing (Hardcover, New): George M. Constantinides, Milton Harris, Rene... Handbook of the Economics of Finance, Volume 2B - Asset Pricing (Hardcover, New)
George M. Constantinides, Milton Harris, Rene M. Stulz
R2,289 Discovery Miles 22 890 Within 7 - 11 working days

The 12 articles in this second of twoparts condense recent advances on investment vehicles, performance measurement and evaluation, and risk management into a coherent springboard for future research. Written by world leaders in asset pricing research, they present scholarship about the 2008 financial crisis in contexts that highlight both continuity and divergence in research. For those who seek authoritative perspectives and important details, this volume shows how the boundaries of asset pricing have expanded and at the same time have grown sharper and moreinclusive.
Offers analyses by top scholars of recent asset pricing scholarshipExplains how the 2008 financial crises affected theoretical and empirical researchCovers core and newly developing fields"

Handbook of Social Choice and Welfare, Volume 2 (Hardcover): Kenneth J. Arrow, A. Sen, K otar o Suzumura Handbook of Social Choice and Welfare, Volume 2 (Hardcover)
Kenneth J. Arrow, A. Sen, K otar o Suzumura
R3,136 Discovery Miles 31 360 Within 7 - 15 working days

This second part of a two-volume set continues to describe economists' efforts to quantify the social decisions people necessarily make and the philosophies that those choices define. Contributors draw on lessons from philosophy, history, and other disciplines, but they ultimately use editor Kenneth Arrow's seminal work on social choice as a jumping-off point for discussing ways to incentivize, punish, and distribute goods.
Develops many subjects from Volume 1 (2002) while introducing new themes in welfare economics and social choice theory
Features four sections: Foundations, Developments of the Basic Arrovian Schemes, Fairness and Rights, and Voting and Manipulation
Appeals to readers who seek introductions to writings on human well-being and collective decision-making
Presents a spectrum of material, from initial insights and basic functions to important variations on basic schemes

Handbook of Econometrics, Volume 6B (Hardcover, 6th edition): James J. Heckman, Edward E. Leamer Handbook of Econometrics, Volume 6B (Hardcover, 6th edition)
James J. Heckman, Edward E. Leamer
R3,227 Discovery Miles 32 270 Within 7 - 15 working days

As conceived by the founders of the Econometric Society, econometrics is a field that uses economic theory and statistical methods to address empirical problems in economics. It is a tool for empirical discovery and policy analysis. The chapters in this volume embody this vision and either implement it directly or provide the tools for doing so. This vision is not shared by those who view econometrics as a branch of statistics rather than as a distinct field of knowledge that designs methods of inference from data based on models of human choice behavior and social interactions. All of the essays in this volume and its companion volume 6A offer guidance to the practitioner on how to apply the methods they discuss to interpret economic data. The authors of the chapters are all leading scholars in the fields they survey and extend.
Handbook of Econometrics is now available online at ScienceDirect full-text online from volume 1 onwards.
*Part of the renowned Handbooks in Economics Series
*Updates and expands the exisiting "Handbook of Econometrics" volumes
*An invaluable reference written by some of the world's leading econometricians."

Handbook of the Economics of Finance, Volume 1B - Financial Markets and Asset Pricing (Hardcover): Constantinides Handbook of the Economics of Finance, Volume 1B - Financial Markets and Asset Pricing (Hardcover)
Constantinides
R2,911 Discovery Miles 29 110 Within 7 - 15 working days

Volume 1B covers the economics of financial markets: the saving and investment decisions; the valuation of equities, derivatives, and fixed income securities; and market microstructure.

Handbook of Environmental Economics, Volume 1 - Environmental Degradation and Institutional Responses (Hardcover, Revised ed.):... Handbook of Environmental Economics, Volume 1 - Environmental Degradation and Institutional Responses (Hardcover, Revised ed.)
Karl-Goran Maler, Jeffrey R Vincent
R2,900 Discovery Miles 29 000 Within 7 - 15 working days

The Handbook of Environmental Economics focuses on the economics of environmental externalities and environmental public goods. Volume I examines environmental degradation and policy responses from a microeconomic, institutional standpoint. Its perspective is dynamic, including a consideration of the dynamics of natural systems, and global, with attention paid to issues in both rich and poor nations. In addition to chapters on well-established topics such as the theory and practice of pollution regulation, it includes chapters on new areas of environmental economics research related to common property management regimes; population and poverty; mechanism design; political economy of regulation; experimental evaluations of policy instruments; and technological change.

Handbook of Agricultural Economics, Volume 2A - Agriculture and its External Linkages (Hardcover, 2nd edition): Bruce L.... Handbook of Agricultural Economics, Volume 2A - Agriculture and its External Linkages (Hardcover, 2nd edition)
Bruce L. Gardner, Gordon C. Rausser
R2,894 Discovery Miles 28 940 Within 7 - 15 working days

The subject matter of agricultural economics has both broadened and deepened in recent years, and the chapters of this Handbook present the most exciting and innovative work being done today. Following Volume 1, Volume 2 consists of three parts: 'Agriculture, Natural Resources and the Environment', 'Agriculture in the Macroeconomy' and 'Agriculture and Food Policy'. Although agricultural economists have always paid attention to these topics, research devoted to them has increased substantially in scope as well as depth in recent years.

Handbook of Agricultural Economics, Volume 1B - Marketing, Distribution, and Consumers (Hardcover, Vol1 Ed): Bruce L. Gardner,... Handbook of Agricultural Economics, Volume 1B - Marketing, Distribution, and Consumers (Hardcover, Vol1 Ed)
Bruce L. Gardner, Gordon C. Rausser
R3,026 Discovery Miles 30 260 Within 7 - 15 working days

This first volume of the "Handbook of Agricultural Economics" presents work on topics central to the economics of agriculture: the quantitative representation of technology; market expectations; household production behaviour; consumer behaviour with uncertain quality and safety of goods; and issues of imperfect competition in food marketing. Volume IB deals with the economics of agricultural products after they leave the farm. Seven chapters explain recent developments in application of dual approaches in household economies, the industrial organization of food marketing, marketing margins between farm and retail prices, spatial price analysis, commodity storage and price stabilization, commodity futures and options markets, and the economics of food safety. Volumes IA and IB each follow their specialized chapters with a synthesis chapter that brings together and assesses the main themes and issues of the field, and volume IB concludes with an overall synthesis of the state of and prospects for agricultural economics as applied economic science.

Measurement Error and Latent Variables in Econometrics, Volume 37 (Hardcover, 1st ed): T. Wansbeek, E. Meijer Measurement Error and Latent Variables in Econometrics, Volume 37 (Hardcover, 1st ed)
T. Wansbeek, E. Meijer
R2,436 Discovery Miles 24 360 Within 7 - 15 working days

The book first discusses in depth various aspects of the well-known inconsistency that arises when explanatory variables in a linear regression model are measured with error. Despite this inconsistency, the region where the true regression coeffecients lies can sometimes be characterized in a useful way, especially when bounds are known on the measurement error variance but also when such information is absent. Wage discrimination with imperfect productivity measurement is discussed as an important special case.


Next, it is shown that the inconsistency is not accidental but fundamental. Due to an identification problem, no consistent estimators may exist at all. Additional information is desirable. This information can be of various types. One type is exact prior knowledge about functions of the parameters. This leads to the CALS estimator. Another major type is in the form of instrumental variables. Many aspects of this are discussed, including heteroskedasticity, combination of data from different sources, construction of instruments from the available data, and the LIML estimator, which is especially relevant when the instruments are weak.


The scope is then widened to an embedding of the regression equation with measurement error in a multiple equations setting, leading to the exploratory factor analysis (EFA) model. This marks the step from measurement error to latent variables. Estimation of the EFA model leads to an eigenvalue problem. A variety of models is reviewed that involve eignevalue problems as their common characteristic.


EFA is extended to confirmatory factor analysis (CFA) by including restrictions on the parameters of the factor analysis model, and next by relating the factors to background variables.
These models are all structural equation models (SEMs), a very general and important class of models, with the LISREL model as its best-known representation, encompassing almost all linear equation systems with latent variables.


Estimation of SEMs can be viewed as an application of the generalized method of moments (GMM). GMM in general and for SEM in particular is discussed at great length, including the generality of GMM, optimal weighting, conditional moments, continuous updating, simulation estimation, the link with the method of maximum likelihood, and in particular testing and model evaluation for GMM.


The discussion concludes with nonlinear models. The emphasis is on polynomial models and models that are nonlinear due to a filter on the dependent variables, like discrete choice models or models with ordered categorical variables.

Inflation, Employment and Business Fluctuations, Volume 35C (Hardcover): Gerard Meurant, Edmond Malinvaud Inflation, Employment and Business Fluctuations, Volume 35C (Hardcover)
Gerard Meurant, Edmond Malinvaud
R2,466 Discovery Miles 24 660 Within 7 - 15 working days

A Textbook on Macroeconomic Knowledge and Analysis

Principles of Macroeconometric Modeling, Volume 36 (Hardcover, Revised ed.): Lawrence R. Klein, Aleksander Welfe, Wladyslaw... Principles of Macroeconometric Modeling, Volume 36 (Hardcover, Revised ed.)
Lawrence R. Klein, Aleksander Welfe, Wladyslaw Welfe
R2,225 Discovery Miles 22 250 Within 7 - 15 working days

Two important new developments have occurred that have significant impact on the evolution of econometrics, namely, the end of the Cold War and the emergence of the information revolution in nearly all economies of the world.

The information revolution has had significant effect on data flows, making them much more timely, accessible, and descriptive of more parts of the economy. At the same time, it has changed the industrial structure of many economies, giving rise to increasing importance of the tertiary sectors (e.g. services). The new generation of hardware and software enables econometricians to handle larger and more complex problems, especially those that are data intensive and computer intrusive.

These major events require reconsideration and redrafting of some of the materials of the original edition.

The present volume retains the original structure of "Lectures on Microeconomic Theory" and takes up principles of constructing dynamic macroeconometric models and their use in economic analyses and forecasting, while introducing many updates, revisions and extensions. The description of the econometric methodology has been limited to specific applications of time series analysis, and the title has been changed to "Principles of Macroeconometric Modeling."


The first four chapters discuss the principles of specifying equations of structural macromodels, covering both developed marked economies, transition economies and world-wide models. The remaining chapters cover some major issues in the use of macromodels. The point of departure is model simulation, especially of the prevailing non-linear models, which is followed by model validation. The analysis of model dynamics covers economic fluctuations and the relevant implications of non-stationarity. The use of macromodels in policy analysis is presented next; it includes multiplier analysis and scenario simulations. The monograph ends up with forecasting being a special case of simulation analysis.

Economic Growth and Short-Term Equilibrium, Volume 35B (Hardcover): Gerard Meurant, Edmond Malinvaud, unknownauthor Economic Growth and Short-Term Equilibrium, Volume 35B (Hardcover)
Gerard Meurant, Edmond Malinvaud, unknownauthor
R2,505 Discovery Miles 25 050 Within 7 - 15 working days
Framework, Households and Firms, Volume 35A (Hardcover): Gerard Meurant, Edmond Malinvaud, unknownauthor Framework, Households and Firms, Volume 35A (Hardcover)
Gerard Meurant, Edmond Malinvaud, unknownauthor
R2,559 Discovery Miles 25 590 Within 7 - 15 working days
Handbook of Population and Family Economics, Volume 1A (Hardcover, 1997): M.R. Rosenzweig, Oded Stark Handbook of Population and Family Economics, Volume 1A (Hardcover, 1997)
M.R. Rosenzweig, Oded Stark
R2,913 Discovery Miles 29 130 Within 7 - 15 working days

The collection of chapters in the "Handbook of Population and Family Economics" and their organization reflect the most recent developments in economics pertaining to population issues and the family. The rationale, contents, and organization of the "Handbook" evolve from three premises. First, the family is the main arena in which population outcomes are forged. Second, there are important interactions and significant causal links across all demographic phenomena. Third, the study of the size, composition, and growth of a population can benefit from the application of economic methodology and tools. The diversity and depth of the work reviewed and presented in the "Handbook" conveys both the progress that has been made by economists in understanding the forces shaping population processes, including the behavior of families, and the many questions, empirical and theoretical, that still remain. For more information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/hes

Handbook of Development Economics, Volume 3B (Hardcover): Jere R. Behrman, Hollis Chenery, T. N. Srinivasan Handbook of Development Economics, Volume 3B (Hardcover)
Jere R. Behrman, Hollis Chenery, T. N. Srinivasan
R2,905 Discovery Miles 29 050 Within 7 - 15 working days

This third volume of the "Handbook of Development Economics" employs rigorous theoretical and empirical frameworks. It focuses on policy and includes material from unpublished and not generally available sources. In
particular, it covers analytical and policy issues arising from the collapse of the paradigm of development based on import-substituting-industrialization in most developing countries; and the demise of centrally planned economies of
Eastern Europe and the Soviet Union. The volume also deals with the increasing recognition of the importance of micro behavioral responses to a range of incentives and unobserved factors both for analysis and for policy formulation.
It discusses the ongoing process of economic reforms in developing countries by reducing state involvement in the economy through privatization, opening up the economy much more to foreign trade and investment and allowing market forces and the private sector to guide resource allocation to a much greater extent. As well as updating developments on topics which were included in the earlier volumes, this Handbook also includes different topics, such as econometric and
other empirical modeling tools for development analysis and the role of technology in the development process.

As in the previous volumes of the series, the chapters in this Handbook provide self-contained surveys summarizing not only received knowledge but also recent developments. Each chapter is also a definitive source, reference and teaching supplement for use by researchers and advanced graduate students.

Handbook of Natural Resource and Energy, Volume 3 (Hardcover, Revised ed.): Allen V Kneese, James L Sweeney Handbook of Natural Resource and Energy, Volume 3 (Hardcover, Revised ed.)
Allen V Kneese, James L Sweeney
R1,202 Discovery Miles 12 020 Within 8 - 13 working days

Hardbound. The Handbook of Natural Resource and Energy Economics examines the current theory, and samples current application methods for natural resource and energy economics. This third volume of the Handbook deals primarily with non-renewable resources. It analyzes the economics of energy and minerals, and includes chapters on the economics of environmental policy. The Handbook provides a definitive source, reference, and teaching supplement for use by professional researchers and advanced graduate students. The surveys summarize not only received results but also newer developments from recent journal articles and discussion papers.For more information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/he

Handbook of International Economics - International Trade (Paperback, New Ed): Peter B. Kenen, Rona Ld W Jones Handbook of International Economics - International Trade (Paperback, New Ed)
Peter B. Kenen, Rona Ld W Jones
R1,500 Discovery Miles 15 000 Within 7 - 15 working days

This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions. The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods. The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with macroeconomic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior. For more information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/hes

Handbook of Labor Economics (Hardcover): Orley C. Ashenfelter, Richard Layard Handbook of Labor Economics (Hardcover)
Orley C. Ashenfelter, Richard Layard
R2,914 Discovery Miles 29 140 Within 7 - 15 working days

The Handbook brings together a systematic review of the research topics, empirical findings, and methods that comprise modern labor economics. It serves as an introduction to what has been done in this field, while at the same time indicating possible future trends which will be important in both spheres of public and private decision-making.
Part I is concerned with the classic topics of labor supply and demand, the size and nature of the elasticities between the two, and their impact on the wage structure. This analysis touches on two fundamental questions: what are the sources of income inequality, and what are the disincentive effects of attempts to produce a more equal income distribution ?
The papers in Part II proceed from the common observation that the dissimilarity in worker skills and employer demands often tempers the outcomes that would be expected in frictionless labor markets. And the last section of the Handbook deals explicitly with the role of institutional structures (e.g. trade unions) that now form an important part of modern labor economics.
For more information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/hes

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