Changes to Second Edition of Fundamentals of Labor Economics.
Expanded coverage of cyclical unemployment in light of the current slump. This entails substantial revision of Chapter 14, which previously focused on factors affecting non-cyclical unemployment rates. This also entailed inserting relevant discussion of current events in other chapters. For example, the book now provides coverage of the use of furloughs and pay cuts instead of layoffs in chapter 10 and the impact of the recession on migrant labor within the EU in chapter 8.
Greater coverage of immigration, with emphasis on immigration theory, economic effects, and public policy. The focus is on both the U.S. and on other countries (particularly within Europe).
Updated chapter on unionism (chapter 12) to incorporate latest developments in union membership, union wage policy in times of recession, economic effects, and public policy (e.g., the Employee Free Choice Act).
Added the topic of occupational licensing. Occupational licensing requirements now affect more than twice as many workers as do unions in the U.S.; and recent work by Kleiner, Krueger, and others has analyzed the growth and impacts of licensing. Yet other labor economics textbooks devote little or no attention to this increasingly important topic. Licensing is covered as an addition to the unionism chapter.
Devoted more attention to on-line instructor support materials, including an instructor's manual, test questions and links to data sets that can be used by students for class projects. This is an important text selection feature that stood out in the survey of labor economics instructors.
Extended coverage of personnel economics, including aspects of labor turnover not covered in the chapter on job search (e.g., duration models), impact on company performance of various HRM methods, in addition to the existing material on remuneration and incentive mechanisms.
Systematic increase throughout in references to recent empirical work that places emphasis on difference-in-difference methods and natural experiments.