Contents: Introduction -- Overview of the labor market -- The demand for labor -- Labor demand elasticities -- Frictions in the labor market -- Supply of labor to the economy : the decision to work -- Labor supply : household production, the family, and the life cycle -- Compensating wage differentials and labor markets -- Investments in human capital: education and training -- Worker mobility : migration, immigration, and turnover -- Pay and productivity : wage determination within the firm -- Gender, race, and ethnicity in the labor market -- Unions and the labor market -- Unemployment -- Inequality in earnings -- The labor-market effects of international trade and production sharing -- Answers to odd-numbered review questions and problems -- Name index -- Subject index.Includes bibliographical references and indexes.Revised edition of the authors' Modern labor economics, Summary: Modern Labor Economics: Theory and Public Policy, now in its thirteenth edition, continues to be the leading text for one-semester courses in labor economics at the undergraduate and graduate levels. It offers a thorough overview of the modern theory of labor market behavior, and reveals how this theory is used to analyze public policy. Designed for students who may not have extensive backgrounds in economics, the text balances theoretical coverage with examples of practical applications that allow students to see concepts in action. Experienced educators for nearly four decades, co-authors Ehrenberg and Smith believe that showing students the social implications of the concepts discussed in the course will enhance their motivation to learn. As such, this text presents numerous examples of policy decisions that have been affected by the ever-shifting labor market.?This new edition continues to offer: a balance of relevant, contemporary examples; coverage of the current economic climate; introduction to basic methodological techniques and problems; tools for review and further study. In addition to providing updated data and examples throughout, the thirteenth edition offers greater coverage of inequality, healthcare policy, and labor-replacing technologies. The text is also supported by a full range of companion online materials.