Labor Economics: Problems in Analyzing Labor Markets
William Darity, Jr. In 1984 the Kluwer series in Modern Economic Thought, under the editorial direction of Warren Samuels, brought out a book under my editorship entitled Labor Economics: Modern Views. It consisted of a series of essays and commentaries t
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Recent Economic Thought Series Editor: Warren G. Samuels Michigan State University East Lansing, Michigan, U.S.A. Other books in the series: Feiwel, G., Samuelson and Neoclassical Economics Wade, L., Political Economy: Modern Views Zimbalist, A., Comparative Economic Systems: Recent Views Darity, W., Labor Economics: Modern Views Jarsulic, M., Money and Macro Policy Samuelson, L., Microeconomic Theory Bromley, D., Natural Resource Economics: Policy Problems and Contemporary
Analysis
Mirowski, P., The Reconstruction of Economic Theory Field, A., The Future of Economic History Lowry, S., Pre-Classical Economic Thought Officer, L., International Economics Asimakopulos, A., Theories of Income Distribution Earl, P., Psychological Economics; Development, Tensions, Prospects Thweatt, W., Classical Political Economy Peterson, W., Market Power and the Economy DeGregori, T., Development Economics Nowotny, K., Public Utility Regulation Horowitz, I., Decision Theory Mercuro, N., Law and Economics Hennings, K. and Samuels, W., Neoclassical Economic Theory, 1870 to 1930 Samuels, W., Economics as Discourse Lutz, M., Social Economics Weimer, D., Policy Analysis and Economics Bromley, D. and Segerson, K., The Social Response to Environmental Risk Roberts, B. and Feiner, S., Radical Economics Mercuro, N., Taking Property and Just Compensation de Marchi, N., Post-Popperian Methodology of Economics Gapinski, J., The Economics of Saving
labor Economics: Problems in Analyzi n9 labor Markets
edited by William Darity, Jr. Cary C. Boshamer Professor of Economics University of North Carolina at Chapel Hill
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Springer Science+Business Media, LLC
Library of Congress Cataloging-in-Publication Data Labar economics: problems in analyzing labor markets I edited by William Darity, Jr. p. cm. - (Recent economic thought series) Includes bibliographical references and index. ISBN 978-94-010-5305-1 ISBN 978-94-011-2938-1 (eBook) DOI 10.1007/978-94-011-2938-1 1. Labor economics. 2. Labar market. 1. Darity, William A., 1953II. Series. HD4901.L133 1992 331.12-dc20 92-18985 CIP Copyright © 1993 by Springer Science+Business Media New York Originally published by Kluwer Academic Publishers in 1993 Softcover reprint ofthe hardcover Ist edition 1993 AII nghts reserved. No part of this publicat ion may be reproduced, stared in a retrieval system ar transmitted in any form or by any means, mechanical, photo-copying, recording, or otherwise, without the prior written permisslon of the publisher, Splinger Science+Business Media, LLC
Contents
Introduction I.
II.
III.
Unemployment Chapter 1: Keynes, Cambridge, and the New Keynesian Economics by Michael Syron Lawlor Chapter 2: Labor Economics and Unemployment: An Historian's Perspective by Alexander Keyssar How Labor Markets Really Work Chapter 3: The Impact of Formal On-the-Job Training on Unemployment and the Influence of Gender, Race, and Working Lifecycle Position on Accessibility to On-the-Job Training by Alfred J. Field and Arthur H. Goldsmith Chapter 4: Empirical Tests of Labor Market Eq
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