Overeducation is one of the most important mechanisms for labour market adjustment when there is an excess supply of highly skilled workers. However, there is much debate about the consequences of this phenomena and the short- and long-term effects for both the overeducated worker and the economy as a whole. This book contributes to our understanding of recent developments in the research on overeducation by providing a detailed overview of the pertinent theoretical and policy issues. The authors study evidence that a substantial number of workers in Europe are overqualified and challenge the wisdom of greater investments in the education of the workforce. Although it may appear a waste of resources if many workers have a higher level of education than their job requires, others argue that overeducation may actually facilitate the development of a competitive and dynamic knowledge-based economy in Europe. They move on to look at labour mobility and skill mismatches in the labour market, and examine the impact of overeducation on earnings. They also address the somewhat controversial issue of how to measure employee overqualification, and propose an income ratio based on the difference between actual and potential earnings as an effective approach. Finally, they look at the effect of overeducation on specific groups in society such as licensed professionals, university graduates and ethnic minorities. Economists, social scientists, and academics interested in labour market theory and policy will find this an insightful and original volume which will make an important addition to the literature on overeducation.

In this book, Mireya Loza sheds new light on the private lives of migrantmen who participated in the Bracero Program (1942-1964), a binationalagreement between the United States and Mexico that allowed hundredsof thousands of Mexican workers to enter this country on temporary workpermits. While this program and the issue of temporary workers has longbeen politicized on both sides of the border, Loza argues that the prevailingromanticized image of braceros as a family-oriented, productive, legal workforcehas obscured the real, diverse experiences of the workers themselves.Focusing on underexplored aspects of workers' lives-such as their transnationalunion-organizing efforts, the sexual economies of both hetero andqueer workers, and the ethno-racial boundaries among Mexican indigenousbraceros-Loza reveals how these men defied perceived political, sexual, andracial norms. Basing her work on an archive of more than 800 oral histories from theUnited States and Mexico, Loza is the first scholar to carefully differentiatebetween the experiences of mestizo guest workers and the many Mixtec,Zapotec, Purhepecha, and Mayan laborers. In doing so, she captures themyriad ways these defiant workers responded to the intense discriminationand exploitation of an unjust system that still persists today.

Victory at Home is at once an institutional history of the federal War Manpower Commission and a social history of the southern labor force within the commission's province. Charles D. Chamberlain explores how southern working families used America's rapid wartime industrialization and an expanded federal presence to gain unprecedented economic, social, and geographic mobility in the chronically poor region. Chamberlain looks at how war workers, black leaders, white southern elites, liberal New Dealers, nonsouthern industrialists, and others used and shaped the federal war mobilization effort to fill their own needs. He shows, for instance, how African American, Latino, and white laborers worked variously through churches, labor unions, federal agencies, the NAACP, and the Urban League, using a wide variety of strategies from union organizing and direct action protest to job shopping and migration. Throughout, Chamberlain is careful not to portray the southern wartime labor scene in monolithic terms. He discusses, for instance, conflicts between racial groups within labor unions and shortfalls between the War Manpower Commission's national directives and their local implementation. An important new work in southern economic and industrial history, Victory at Home also has implications for the prehistory of both the civil rights revolution and the massive resistance movement of the 1960s. As Chamberlain makes clear, African American workers used the coalition of unions, churches, and civil rights organizations built up during the war to challenge segregation and disenfranchisement in the postwar South.

Microsimulation Modelling of Taxation and the Labour Market reports new research on behavioural microsimulation modelling of tax and transfer systems. Its aims are twofold. Firstly, the book discusses the rationale for the basic modelling approach adopted and provides information on econometric methods used to estimate behavioural relationships. Secondly, it describes the Melbourne Institute Tax and Transfer Simulator (MITTS) in detail, explaining its main features, installation and use.After providing a broad review of tax modelling, the authors review alternative approaches to the analysis of labour supply behaviour, discuss the main components of behavioural microsimulation models and present econometric results concerning wage functions and preferences. They go on to provide a detailed description of MITTS, which was constructed by the authors in order to examine the implications of tax reforms in Australia. Microsimulation Modelling of Taxation and the Labour Market will appeal to those with a special interest in the analysis of tax and transfer systems and labour supply behaviour.

During the last decade, privatization, understood here as the transfer of state-owned enterprises to the private sector, has become a widespread phenomenon among formerly socialist and mixed economies. It has been touted as a quick route to growth and prosperity in countries suffering from bloated, inefficient, and debt ridden public sectors. The contributors to this book, drawn from a number of social science disciplines, explore the various ways in which privatization programs affect workers in the reforming countries. The book includes an examination of how privatization impacts on labor economically, by changing the level and conditions of employment, as well as its influence on wages, benefits, and social services. A second section looks at the political effects of privatization on workers, focusing on the strength and militancy of trade unions and their relationship to political parties. The essays, written by scholars as well as policy practitioners, cover both post-socialist countries, including Russia, China, and Eastern Europe, and the developing regions - the Middle East, sub-Saharan Africa, and Latin America. Scholars and students in economics and political science as well as policymakers will find this collection a welcome addition to the literature on privatization.

Nonlinear Models, Labour Markets and Exchange offers a number of broad introductory surveys in the areas of nonlinear modelling, labour economics and the economic analysis of exchange. This collection of articles consists largely of recently published refereed papers. The early chapters provide an introduction to the analysis of 'chaos and strange attractors' and the use of the very flexible generalised exponential family of frequency distributions in analysing both time series and cross-sectional distributions. The volume then provides syntheses of the theories of internal labour markets, trade union bargaining, and population ageing and its implications. It goes on to survey a range of topics in the broad area of the theory of exchange, which is central to the neoclassical economic model. Finally, the book provides some advice for students who are about to start their first piece of research. It ends with a unique survey of the history of economic analysis. Providing introductory material and syntheses of a wide range of topics, Nonlinear Models, Labour Markets and Exchange will be welcomed by economics academics and researchers interested in labour economics and econometrics.

Higher education is beginning to play an increasingly important role in the process of globalization, which promotes information technologies, development and diffusion of innovations and the ability of economies to benefit from rapid shifts in the production of goods, services, and ideas. In this volume the editors have brought together some of the most significant previously published academic papers describing how highly skilled graduate labour impacts on the economy. Topics covered include the economic benefits of higher education, student choice of subject and university, the technology of higher education, empirical research on the cost functions faced by universities, the funding and financing of university education, the market for higher education and how universities compete. In their scholarly introduction, the editors provide an overview of the volume and offer suggestions for future research in this field.

Innovation is the driving force of the dynamics of regions and cities. Innovation however, is not an autonomous miracle, but is emerging out of knowledge creation and adoption. Thus, knowledge production is at the heart of economic progress. Zoltan Acs offers in this book an overview of the relationship between successful entrepreneurship and knowledge-intensive areas. His ideas form a blend of elements from the new economic geography, the new growth theory and the new innovation economics theory, and provide a thorough analysis of the changing economic landscape in the USA. economic growth at the regional level, and reaches conclusions as to why some regions grow but others decline. While the analysis draws on industrial organization, labour economics, regional science, geography and entrepreneurship, the book focuses on innovation and the growth of cities with the use of endogenous growth theory. long-run regional growth, and explores the issues of how technology and entrepreneurship can foster and promote growth at the regional level.

The 19th century witnessed an explosion of writing about unproductivity, with the exploits of various idlers, loafers, and "gentlemen of refinement" capturing the imagination o fa country that was deeply ambivalent about its work ethic. Idle Threats documents this American obsession with unproductivity and its potentials, while offering an explanation of the profound significance of idle practices for literary and cultural production. While this fascination with unproductivity memorably defined literary characters from Rip Van Winkle to Bartleby to George Hurstwood, it also reverberated deeply through the entire culture, both as a seductive ideal and as a potentially corrosive threat to upright, industrious American men. Drawing on an impressive array of archival material and multifaceted literary and cultural sources, Idle Threats connects the question of unproductivity to other discourses concerning manhood, the value of art, the allure of the frontier, the usefulness of knowledge, the meaning of individuality, and the experience of time, space, and history. Andrew Lyndon Knighton offers a new way of thinking about the largely unacknowledged "productivity of the unproductive," revealing the incalculable and sometimes surprising ways in which American modernity transformed the relationship between subjects and that which is most intimate to them: their own activity.

This book offers a critical reflection on the operation and effects of labour regulation. It articulates the broad goals and extensive potential for it to contribute to inclusive development, while also considering the limits of some areas of regulation and governance. Drawing on both field studies and innovative theoretical perspectives, the contributors reveal an emerging consensus that labour regulation is neither negative nor positive for economic and social outcomes. By comparing the concerns and methodologies of various disciplines, they argue that balanced regulation is essential. Following analysis of how the global financial crisis has increased labour market segmentation, the book addresses the needs of key groups often at the periphery, including young women, workers in the informal economy, migrants and home-care workers. The book argues that effective and efficient labour market regulation can contribute to achieving key policy goals of employment formalization and inclusive labour markets, while also pursuing equitable distribution. An important comparative work, academics and students will find this book to be of exceptional value, particularly those studying law, economics, political science, international relations and development studies. Practitioners and policy-makers from both developed and developing countries will also benefit from the wide range of perspectives. Contributors include: D. Bailey, F. Bertranou, L. Casanova, S. Charlesworth, A. De Ruyter, C. Fenwick, M. Freedland, J. Grundy, B.-H. Lee, R. Rachmawati, J. Rubery, M.I. Syaebani, M.P. Thomas, K. Tijdens, V. Van Goethem, M. Van Klaveren, A.M. Vargas Falla, L.F. Vosko, T. Warnecke

As the world entered the twenty-first century, global skill shortages in many occupations were evident throughout the world. While these were mitigated by a global recession, there is no generally agreed upon method for measuring these shortages. This book discusses various theories for measurement. Using data collected from 19 developed countries in North and Latin America, Europe, and the Pacific region, the authors explore various aspects of skilled labor shortages, develop a methodology of measuring shortages by occupation, and provide estimates of the likelihood of the occurrence of such shortages. They develop labor market indicators which measure the degree of shortage or surplus in different occupations. The study covers as many as 49 occupational groups, although the number varies by country. The indicators are compared to anecdotal reports about shortages in the countries studied as well as correlated with various economic, political and institutional indicators. Some occupations such as CEO's, health professionals and computer scientists were common across many countries studied and part of a global shortage. Scholars, government officials, students and corporate and union representatives concerned with employment, labor and training policies and issues will find the data and analysis in this book a valuable addition to their knowledge.

Skills are frequently in the news and in the public eye in every country. Stories highlight concerns about education and literacy standards, grades, learning by rote, and university students being unprepared for work, as well as debates surrounding internships and apprenticeships, and social exclusion through skills policy. The recent financial crisis has forced education and training to take a back seat, and has caused an increase in youth unemployment. Skill and skilled work are widely considered important for promoting both prosperity and social justice. But how do we define skill? Skills and Skilled Work brings together multiple perspectives- economics, sociology, management, psychology, and political science- to present an original framework for understanding skills, skilled work, and surrounding policies. Focussing on common themes across countries, it establishes the concept and measurement of skill, and investigates the role of employers, workers, and other social actors. It considers a variety of skill problems and how a social response from the government can be understood. Based on the findings of economics, management science, and theories of social determination, it develops a rationale for social intervention beyond market failure. This book weighs up both the prospects and the limitations of what can be achieved for societies with a better emphasis on skills and skilled work, and it promotes the study of skill in modern economies as a distinct sub-field.

This Handbook provides a comprehensive overview of the modern economics of education literature, bringing together a series of original contributions by globally renowned experts in their fields. Covering a wide variety of topics, each chapter assesses the most recent research with an emphasis on skills, evaluation and data analytics. Beginning with an analysis of the economic returns to education, the Handbook proceeds to examine educational production functions, various funding models, and the labour market for educators. The Handbook goes beyond these traditional concerns of the economics of education, by revealing how the methods of economics can be applied in the context of education to open up the 'black box' of production in this sector. Detailed analysis and evaluation of educational production offers practical solutions and reveals considerable new insight about the specific interventions that can be made to enhance the value of schooling. Significant new lines of research are also suggested. This Handbook should be read by economists, policy-makers and practitioners in the field of education. Academics in the areas of the economics of education, labour economics and educational policy will also find this Handbook invaluable for current and further research.

The two historical debates studied here are concerned with the impact of technological change on unemployment and on the economy generally. The topic is of enduring interest among both economists and the public at large. The history of these 20th century debates has not previously been studied in detail, and the book provides valuable insight into the evolution of the understanding of a fundamental issue in the economy. By providing insight into idea evolution and economic methodology, the book is a valuable description of the ways in which economists work and react to each other.

The contemporary context of unemployment and its political ramifications have made working time a highly topical and sensitive issue, not merely in the EU, but also in other areas of the global labor market. This illuminating book reviews the traditional doctrines concerning working time that are influencing political and intellectual attitudes. The authors illustrate how tools of microeconomic analysis must be modified to explain better the terms of contemporary labor contracts. They introduce powerful concepts such as a generalized production function, cost structure, compensating wage and trade union negotiation, to highlight the scope for political intervention on working time. Emphasis is placed on the analysis of legal time reductions as an employment policy. Taking into consideration new research and renewed political debate, this is an exhaustive text grounded in historical perspective and contemporary facts. By focusing on working time as a central issue of modern societies, this important book will be an invaluable text for scholars as well as decision-makers in the areas of industrial and labor economics.

This book analyses the impact of European tax and benefit systems on incentives to create and take up jobs. European policymakers face tough choices as reforms to these systems are costly and recognising and understanding the complex trade-offs involved - a pre-condition to pushing the reform process forward - is the aim of this volume. The authors, experts in public and welfare economics, investigate the problems involved in re-designing tax and benefit systems in Europe, the cross-country spillovers of 'bad' domestic policies and the peer pressure from closer policy co-operation in EMU. They examine reforms in tax and welfare systems and suggest ways in which to improve their efficiency without undermining the equitable foundations of the European social model. While aiming at a high degree of generality, the analyses are rooted firmly in the experience of European countries and the conclusions are therefore all the more relevant and of interest to policymakers in Europe, as well as the rest of the world. The blend of theoretical and institutional analysis, policy suggestions and case studies of relevant European success stories will ensure this book appeals to policymakers and scholars of welfare, European and labour studies.

While the debate on the impact of globalisation on the organisation of business is well established, its impact on working life has been left relatively untouched. This groundbreaking book attempts to redress this imbalance by examining the effect of globalisation on the institutions, processes and practices of working life in France, Scandinavia and the UK. The contributors examine global trends such as the decentralisation of industrial relations and the revival of neo-liberalism, and discuss them from a theoretical and empirical perspective. They go on to argue that these global trends can really only exist in nationally specific contexts and focus on the changing roles of trade union and labour movements in representing workers' interests. They trace the emergence of new European institutional and political dimensions of working, and attempt to answer the question of how converged, diverged or revised European working practices have become. The book concentrates on various aspects of working life to illustrate the variety of change and complexity and asserts the view that it is not possible to isolate abstract global trends from national, historical and social factors. Indeed, certain phenomena such as politics, gender and culture play an important role, the authors argue, in differentiating national experiences which can superficially appear to be similar global trends. European Working Lives will be of great interest to labour and social economists, industrial sociologists, employment policymakers and trade unions.

In all Western societies women earn lower wages on average than men. The gender wage gap has existed for many years, although there have been some important changes over time. This volume of collected papers contains extensive research on progress made by women in the labor market, and the characteristics and causes of remaining gender inequalities. It also covers other dimensions of inequality and their interplay with gender, such as family formation, wellbeing, race, and immigrant status. The author was awarded the 2010 IZA Prize in Labor Economics for this research. Part I comprises an Introduction by the Editors. Part II probes and quantifies the explanations for the gender wage gap, including differential choices made in the labor market by men and women as well as labor market discrimination and employment segregation. It also delineates how the gender wage gap has decreased over time in the United States and suggests explanations for this narrowing of the gap and the more recent slowdown in wage convergence. Part III considers international differences in the gender wage gap and wage inequality and the relationship between the two. Part IV considers a variety of indicators of gender inequality and how they have changed over time in the United States, painting a picture of significant gains in women's relative status across a number of dimensions. It also considers the trends in female labor supply and what they indicate about changing gender roles in the United States and considers a successful intervention designed to increase the relative success of academic women. Part V focuses on inequality by race and immigrant status. It considers not only race difference in wages and the differential progress made by African-American women and men in reducing the race wage gap, but also race differences in wealth which are considerably larger than differences in wages. It also examines immigrant-native differences in the use of transfer payments, and the impact of gender roles in immigrant source countries on immigrant women's labor market assimilation in the U.S. labor market.

Preventing Unemployment in Europe is an interdisciplinary volume offering an effective and authoritative contribution to the ongoing debate concerning the utility of preventive labour market policies. Positive labour market performance is discussed from a European perspective and analysed against the background of transferability in an era of increasing globalisation of markets. Concentrating particularly on the role of corporatist and market processes, the book focuses on the effects of preventive unemployment through the comparison of innovative and flexible policy solutions. Some of the fundamental issues the book tackles include the extent to which the conditional framework for preventive labour market policy is undergoing change, the response mechanisms to these changes which characterise national strategies and the learning processes which can be triggered through the exchange of national experiences within the EU. The discussions within the book benefit from both an economic analysis of the subject matter complemented by a broader social science approach. The editors, themselves distinguished scholars in this field, have produced a comprehensive resource which should prove invaluable reading for both policymakers and academics in the fields of labour market theory and policy.

This important new book is the first specific study on the classical theory of wages to appear for more than 50 years and as such fills an important gap in the literature. Antonella Stirati argues that the wage-fund theory played no part in the theory of wages expounded by Ricardo and his predecessors. Classical wage theory is shown to be analytically consistent but very different from contemporary theory, particularly as it did not envisage an inverse relationship between employment and the real wage level, and hence a spontaneous tendency to full employment of labour. The author bases her approach not only on a reinterpretation of Smith and Ricardo, but also on the writings of Turgot, Necker, Steuart, Hume, Cantillon and other pre-classical economists. Historians of economic thought as well as other economists will welcome Dr Stirati's careful analysis of classical writings on economics which includes simple but rigorous explanations of phenomena, central to current economic debate, such as the occurrence of persistent unemployment.

This book, in its second edition, introduces readers to the economics of immigration, which is a booming field within economics. The main themes and objectives of the book are for readers to understand the decision to migrate, the impacts of immigration on markets and government budgets and the consequences of immigration policies in a global context. Our goal is for readers to be able to make informed economic arguments about key issues related to immigration around the world. This book applies economic tools to the topic of immigration to answer questions like whether immigration raises or lowers the standard of living of people in a country. The book examines many other consequences of immigration as well, such as the effect on tax revenues and government expenditures, the effect on how and what firms decide to produce and the effect on income inequality, to name just a few. It also examines questions like what determines whether people choose to move and where they decide to go. It even examines how immigration affects the ethnic diversity of restaurants and financial markets. Readers will learn how to apply economic tools to the topic of immigration. Immigration is frequently in the news as more people move around the world to work, to study and to join family members. The economics of immigration has important policy implications. Immigration policy is controversial in many countries. This book explains why this is so and equips the reader to understand and contribute to policy debates on this important topic.

Guy Standing's immensely influential 2011 book introduced the Precariat as an emerging mass class, characterized by inequality and insecurity. Standing outlined the increasingly global nature of the Precariat as a social phenomenon, especially in the light of the social unrest characterized by the Occupy movements. He outlined the political risks they might pose, and at what might be done to diminish inequality and allow such workers to find a more stable labour identity.His concept and his conclusions have been widely taken up by thinkers from Noam Chomsky to Zygmunt Bauman, by political activists and by policy-makers. This new book takes the debate a stage further-looking in more detail at the kind of progressive politics that might form the vision of a Good Society in which such inequality, and the instability it produces is reduced. "A Precariat Charter "discusses how rights - political, civil, social and economic - have been denied to the Precariat, and at the importance of redefining our social contract around notions of associational freedom, agency and the commons. The ecological imperative is also discussed - something that was only hinted at in Standing's original book but has been widely discussed in relation to the Precariat by theorists and activists alike.