Labor Economics and Labor Relations

This is a classic exploration of how labor markets are influenced by economic forces and the legal and institutional framework as well as an analysis of their interaction. Combining the strengths of early and later traditions of labor economics, this book makes use of both practical and theoretical recent literature as it illustrates how collective bargaining works and how it changes as the economic and legal environments also change. The eleventh edition of Labor Economics and Labor Relations has been revised to include new chapters on policies to combat labor-market discrimination, the Japanese and German systems of industrial relations, and internal labor markets, as well as a new half chapter on the increasing inequality in earnings. It also presents important new information on welfare reform, minimum wage legislation, unemployment insurance, education reform, and immigration. An essential reference book for any professional or tradesman seeking a deeper understanding of the relationship between labor and management.