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Monopsony in Motion
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications ...
Cultural Integration of Immigrants in Europe
This book seeks to address three issues: How do European countries differ in their cultural integration process and what are the different models of integration at work? How does cultural integration relate to economic integration? What are the implications for civic participation and public policies?
The Contribution of the Minimum Wage to U.S. Wage Inequality Over Three Decades
We reassess the effect of state and federal minimum wages on U.S. earnings inequality using two additional decades of data and far greater variation in minimum wages than was available to earlier studies. We argue that prior literature suffers from two sources of bias and propose an IV strategy to address both. We find that the minimum wage reduces inequality in the lower tail of the wage distribution (the 50/10 wage ratio), but the impacts are typically less than half as large as those reported elsewhere and are almost negligible for males. Nevertheless, the estimated effects extend to wage percentiles where the minimum is nominally non-binding, implying spillovers. However, we show that spillovers and measurement error (absent spillovers) have similar implications for the effect of the minimum on the shape of the lower tail of the measured wage distribution. With available precision, we cannot reject the hypothesis that estimated spillovers to non-binding percentiles are due to reporting artifacts. Accepting this null, the implied effect of the minimum wage on the actual wage distribution is smaller than the effect of the minimum wage on the measured wage distribution.
A Unified Theory of Information Design
Communicative visuals, including written text, have a diverse range of forms and purposes. In this volume, the authors show that it is possible to both describe and explain the major properties of diverse visual-communication forms and purposes within a common theoretical framework of information design and ethics. For those unaccustomed to thinking of written text as a visual form belonging to the same general class as other visual forms (colour, texture, shape, imagery, etc.), consider how a text's readability suffers if we remove all white space and punctuation, which can be identified as visual signals of the same subtype as grid lines and bullet points, dividing and calling attention to...
The Economics of Belonging
"This is a proposal for a short book (of around 50,000 words) that speaks directly to the state we are in. The populist insurgency on both sides of the Atlantic and in Europe has deep roots in decades of mismanagement of economic and cultural change and as a result there are large groups of people who feel they no longer belong to the societies they live in, the disinfranchised, the left behind. The appeal of the anti-liberal populists who have emerged is that they convince those who feel left behind that national leaders are no longer working in their interests hence the rhetoric of 'putting America first' and 'making America great again' or the Brexiteers claining that they are 'taking bac...
The Labour Market Under New Labour
Looking behind the 'good news' implied by the lowest headline unemployment rates since the 1970s and by a low and stable rate of inflation, this volume examines the impact of policies such as the minimum wage, the New Deal and changes in the education system.
The Blackwell Companion to Major Contemporary Social Theorists
The Blackwell Companion to Major Contemporary Social Theorists is a survey of contemporary social theory that focuses on the thinkers themselves. In original essays especially commissioned for this volume, leading experts and practitioners examine the life and work of 13 major theorists such as Elias, Baudrillard, Giddens, and Butler. Includes 13 original essays by leading scholars on major contemporary social theorists. Covers key figures such as Elias, Goffman, Foucault, Habermas, Giddens, Bourdieu, and Butler. Essays include biographical sketches, the social and intellectual context, and the impact of the thinker's work on social theory generally. Includes bibliographies of the theorist's most important works as well as key secondary works. Can be used in conjunction with The Blackwell Companion to Major Classical Social Theorists, edited by George Ritzer, for a complete reference source in social theory.
Seeking a Premier Economy
In the 1980s and 1990s successive United Kingdom governments enacted a series of reforms to establish a more market-oriented economy, closer to the American model and further away from its Western European competitors. Today, the United Kingdom is one of the least regulated economies in the world, marked by transformed welfare and industrial relations systems and broad privatization. Virtually every industry and government program has been affected by the reforms, from hospitals and schools to labor unions and jobless benefit programs. Seeking a Premier Economy focuses on the labor and product market reforms that directly impacted productivity, employment, and inequality. The questions asked are provocative: How did the United Kingdom manage to stave off falling earnings for lower paid workers? What role did the reforms play in rising income inequality and trends in poverty? At the same time, what reforms also contributed to reduced unemployment and the accelerated growth of real wages? The comparative microeconomic approach of this book yields the most credible evaluation possible, focusing on closely associated outcomes of particular reforms for individuals, firms, and sectors.
