Trade, Markets and Welfare brings together a selection of Kelvin Lancaster's seminal work on trade under monopolistic competition and oligopoly with differentiated products, as well as recent extensions to the analysis of markets in which the characteristics of products can be varied freely. Professor Lancaster argues that protection can sometimes improve world welfare, that there can be mutual trade gains between absolutely identical economies, and that entries of an additional firm may sometimes increase industry profits. The selection also includes some of Professor Lancaster's earlier works on trade and papers on several topics related to the theory of economic policy, including second best theory, wages policy, and a simple dynamic game model of capitalist growth. Trade, Markets and Welfare complements the first volume of Kelvin J. Lancaster's selected essays - Modern Consumer Theory - by expanding applications of consumer choice theory into new areas.

A distinguished roster of contributors considers the state of the art of the field at the turn of the 21st century and charts an ambitious agenda for the future. Following what the editors describe as an evolutionist' approach to the study of labor markets, the chapters address issues of continuity and discontinuity in a wide range of topics including: markets and institutional structures; employment relations and work structures; patterns of stratification in the United States; and public policies, opportunity structures, and economic outcomes.

This book consists of a selected subset of papers presented at the International Symposium of Linked Employer-Employee Data, held in Washington DC, in May 1998 - to address the creation and analysis of such matched data in an environment that safeguards respondent confidentiality. The conference brought together a wide range of social scientists and statisticians from more than 20 countries.

Three broad themes are highlighted:
(1) The analysis of linked employer-employee data.
The basic finding of this and the next section is that the firm matters a good deal in explaining the differences in earnings, productivity, and work experiences of individual workers. Linked data allow the researcher to disentangle the firm effects from the worker effects.
(2) Econometric issues involved with the analysis of such data.
Creating and analyzing employer-employee matched data sets presents a number of new econometric problems that are not present in standard micro-data sets containing just workers or just employers. However, these data also offer us a unique opportunity to examine the effects of some of the econometric problems involved in using the other data sources. The chapters in this section address both of these issues. The first two chapters examine new econometric issues involved in the creation and use of matched data sets, while the second two chapters use matched data to examine possible problems with cross-sectional or panel data on workers. The results from each of these chapters will be valuable to all empirical researchers, regardless of whether they are using employer-employee matched data or more standard cross-sectional or panel data sets.
(3) Ongoing effortsaimed at creating large-scale linked employer-employee data.
The last section of this book describes four recent efforts at creating linked employer-employee data through surveys of firms and individuals. The first two chapters describe an "employers first" methodology of creating linked employer-employee data, and the last two chapters describe an "employees first" methodology. The two "employees first" surveys described here are, as far as known, the only two large-scale surveys in production that follow this design. Each of the four chapters in this section describes details about the design and field operation of the survey that will be indispensable to others who might want to create or analyze linked employer-employee survey data.

The 23 chapters in this book provide a glimpse into the future of labor economics and industrial organization. It can be said that labor economics and public policy around the world has been dominated over the past several decades by quantitative analyses based upon public-use US micro-data. In the future, it is very likely that economics and social policy in the United States and elsewhere will depend on quantitative analysis based on linked employer-employee micro-data currently residing in all continents of the world.

This Palgrave Pivot re-examines salary formation in Major League Baseball in light of real option theory to clarify the connection between salary and marginal revenue product for professional baseball players. Current literature has tended to treat single-year and multi-year contracts similarly, ignoring the potential option value for teams and for players. Recent work points to the observation that both high-productivity and low-productivity athletes have salaries that systematically differ from their marginal revenue product, and that free agents signing multi-year contracts are overpaid relative to free agents signing one-year contracts. This book argues that the value of signing an athlete to a contract should be determined similarly to the determination of the value of an investment project or a financial asset. This book demonstrates how to calculate the value of real options to the player and the team owner with a simple two-year contract, and offers extensions to the real options model for multiyear contracts or when a player is early or late in his career.

This book examines the nature and regulation of the informal economy by means of a collective case study in a highly regulated Western country. The book, situated at the intersection of criminology and sociology, investigates the relation between formal, informal and criminal work in three urban and rural labour markets (seasonal work, street trade and sex work) alongside the impact of state policies on informality. Boels uncovers the differential position authorities take regarding these labour markets, notwithstanding the presence of informality and often vulnerable position of workers in each one of them. With a distinctive focus on informal workers, and through in-depth interviews, this study explores the life and work of informal workers, including their experiences with regulators, their motivations for working informally and their perceptions of state policy. In short, this book gives a voice to often ignored but crucial participants of the informal economy. The detailed discussion of the results and the links to theoretical frameworks will ensure this book is of particular interest to scholars of urban economics and governance, criminology, and sociology.

This book represents an advance in our knowledge of the labour market. For the first time it combines the analysis of both quantitative and qualitative data to produce an explanation of the main changes which have transformed the labour market during the recession. For the first time it demonstrates the segmented character of the youth labour market and the significance of the local labour markets. The result is a substantial contribution to labour market segmentation theory and to the analysis of social policy in this field.

This book focuses on the implications of the South African labour market dynamics including labour market reforms and fiscal policy for monetary policy and financial stability. Evidence suggests there are benefits in adopting an approach that coordinates labour market policies and reforms, fiscal policy, price and financial stability. In particular, the benefits of coordinating policies present policymakers with policy options in cases where they are confronted by binding policy trade-offs and dilemmas, such as in cases when there is divergence in price and financial and economic growth outcomes. The empirical insights and policy recommendations are based on different techniques that include the counterfactual and endogenous-exogenous approaches, non-linearities introduced by thresholds and the impact of persistent and transitory shock effects. Themes covered in the book include various aspects of labour market conditions and reforms and their link to inflation and inflation expectations, the impact of the national minimum wage, the interaction between public and private sector wage inflation, economic policy uncertainty and employment, government debt thresholds, sovereign yields and debt ratings downgrades, labour productivity, the impact of inflation regimes on expansionary fiscal and monetary policy multipliers, the increase in government cost of funding on price and financial stability and the link between fiscal policy and credit dynamics.

Japanese Workplaces in Transition explores the changes in workplaces from the perspective of employees. It provides new insights by contrasting survey and theoretical sources with excerpts from blogs published by Japanese people on the Internet. In their blogsthey describe what happened to them or colleagues at work, reflect about the development of their careers or voice future ambitions and concerns. Bringing together three major developments in Japanese companies -restructuring, changing incentive systems and evaluation principles, and the increasing use of contingent workers -it shows how these developments have affected the mindsets of Japanese employees, eventually leading to a new paradigm of work in Japan.

This volume is a theoretical and empirical examination of human resource growth and change in postwar Puerto Rico. The study is empirically based, but emphasis is given to econometric results as opposed to econometric methods. The main concern is with issues of economic efficiency. In particular, the book focuses on efficiency in the use of human resources during rapid industrialization. Nonetheless, Santiago subscribes to the notion that economic growth is a necessary but not sufficient condition for economic development. Understanding the larger historical and social processes that encompass economic development requires drawing together, in a multidisciplinary way, information from diverse fields and methodologies. This work helps us to better understand the process of economic development, thus providing directions for practical solutions to the pressing economic problems faced by the majority of the population of the planet.

Much of the critique of the Puerto Rican development strategy is based on its negative impact on income distribution and the fact that it promotes dependency on the United States. This book concludes that, despite its focus on economic growth and rapid industrialization, Puerto Rico's use of resources has been less than optimal, and that on efficiency grounds, the Puerto Rican development model offers some successes but significant errors for developing nations. This work examines those successes and errors and will instruct both economists and policy makers in development economics, labor economics, and Latin American studies.

"Wages for Caring" examines policies and programs of compensation for family caregivers of the disabled elderly from a broad analytical perspective, weighing current policies of home care services against principles of access, equity, quality, and funding of long-term care. Linsk, Keigher, Simon-Rusinowitz, and England challenge widely held assumptions that currently hold the family responsible for care, and accept the government's role in deterring or delaying institutionalization. The authors focus on programs and policies that already exist which could be adjusted to include families and to promote support of family caregiving. In assessing the potential of broad implementation of wages for caring, they contend that if implemented appropriately, family compensation may offer benefits not available through any other kind of service system.

First, the authors review incentives to family care and services to families providing home care, and include an overview of attendance allowance and caregiver compensation programs in other developed countries. Next, they present several original studies in an integrated format to allow for the analysis of pros and cons of several compensated family care programs. Third, they examine provisions of Medicaid programs at the state level, as well as provisions of the aging network and their potential to complement family care. The focus is largely on poor clients and families, for whom the burden of care has the most relevant costs in terms of potential government liability. Finally, the authors develop consumer centered criteria to evaluate policy and program provisions, with special attention to the special needs of low-income elderly and their families. Wages for Caring will prove particularly useful to public policymakers, social workers, gerontologists, and researchers.

An increasing number of landings of illegal migrants on the coast of Italy and Spain, but also the recent riots, car-burnings, and street battles that occurred all across France and that have been attributed to the migrant community, seem to indicate that migration is likely to stay high on the European policy agenda for some time. The flow of migrants from poor to rich countries does not, however, constitute a typically European problem. V. S. public policy has also been facing a continued (legal and illegal) inflow of labor from different regions, notably Mexico and other Latin American countries. And similar developments in other advanced countries (Australia, Canada) as weil as in selected fast-growing emerging markets in Eastern Europe and East Asia imply that these countries too are being compelled to adjust their public policies in order to relieve migratory pressures and deal with their consequences. The world economy already saw rising cross-border labor flows in the 1990s and most forecasts predict that South-North and South-South migration will re main at relatively high levels over the next decades and possibly even turn into a major global challenge for policy makers in the 21st century."

Relocation is a fact of business life today. For many good business reasons organisations move to new areas and ask their employees to relocate with them. Also during staff training and the handling of subsidiary operations companies may require individuals to work in another part of the country, or even abroad. Managing Relocation, the first complete account of employee relocation, provides a practical approach to the questions and problems that arise during any relocation exercise. What financial and other assistance should organisations offer their employees? How can the pitfalls of employment law be avoided? Is special action required when staff are asked to work overseas? What are the tax consequences of relocation in the UK and abroad? Here is a book for all organisations which relocate staff regularly and for newcomers to the subject. Susan Shortland has written an invaluable guide for all those involved in moving people - from personnel and industrial relations managers to professional specialists in relocation and removals.

A companion to the editor's previous volume, "Communicating Employee Responsibilities and RightS," this book summarizes the current state of knowledge in the area of employee responsibilities and rights and points to future directions for research and practice. The contributors examine the theory behind employee rights and responsibilities and suggest the need for a shift from discipline-specific orientations to the development of an interdisciplinary paradigm. They emphasize the need to look at rights and responsibilities issues from a broad management context and examine the management of the various issues in modern organizations. Detailed case studies of programs that have worked well, short case examples, court decisions, and quantified data document specific ideas throughout the book.

The book is divided into four sections, beginning with two introductory essays. Three chapters follow that address legal issues such as legislation to protect against unjust discharge, the current status of wrongful dismissal legislation, and trends in Title VII discrimination legal theories. In the next seven chapters that address human resources and management education perspectives, the contributors treat topics involving positive discipline, internal mechanisms for resolving employee complaints, the ombudsman model of managing employee rights, whistleblowing, and the responsibilities of management education to help fulfill the rights of students and future business leaders. The concluding section contains two chapters and examines whether employee rights strategies are desired or required and develops a social constructionist and political economic perspective of employee rights. Taken together, these chapters offer the most comprehensive exposition of this complex subject available to date.

Job loss is one of the most important issues in the capitalist world today: endless reports document the increasing scale of unemployment. This title, first published in 1982, adopted a new approach to the geography of job loss, to assess why redundancy happens and where. Massey and Meegan argue that an increase in dismissal does not necessarily mean that an industry is in decline; rather, it can be the result of a variety of issues, including production for profit and the relationship between industry and location. Throughout the book, discussions about theory and methodology are complemented by industry-based case studies. This title addresses issues of particular relevance to today's economic climate, and will be particularly valuable to students with an interest in employment and job loss, and industrial labour and profitability.

Foregrounding African women's ingenuity and labor, this pioneering case study shows how women in rural Mali have used technology to ensure food security through the colonial period, environmental crises, and postcolonial rule. By advocating for an understanding of rural Malian women as engineers, Laura Ann Twagira rejects the persistent image of African women as subjects without technological knowledge or access and instead reveals a hidden history about gender, development, and improvisation. In so doing, she also significantly expands the scope of African science and technology studies. Using the Office du Niger agricultural project as a case study, Twagira argues that women used modest technologies (such as a mortar and pestle or metal pots) and organized female labor to create, maintain, and reengineer a complex and highly adaptive food production system. While women often incorporated labor-saving technologies into their work routines, they did not view their own physical labor as the problem it is so often framed to be in development narratives. Rather, women's embodied techniques and knowledge were central to their ability to transform a development project centered on export production into an environmental resource that addressed local taste and consumption needs.

Although Japanese economic development is often discussed, less attention is given to social development, and much less to gender related issues. By examining Japanese experiences related to gender, the authors seek insights relevant to the current developing countries. Simultaneously, the book points out the importance for Japanese society to draw lessons from the creativity and activism of women in developing countries.

This collection of essays revises and broadens scholarly assumptions about the history of migration in search of work. The book begins with a critique of current concepts in migration history and a general survey of European labor migration from the 1820s to the 1920s. The following section discusses important emigration and immigration countries and examines in detail the problems of internal European migration in the nineteenth and early twentieth centuries. The author then focuses on the acculturation of labor migrants on both sides of the Atlantic. The final section of this work tackles the much neglected question of return migration. A bibliographic essay, as well as numerous graphs, maps, and illustrations, supplement this collection of essays.

The essays in this edited collection, first published in 1986, focus on important debates surrounding the central Marxian problem of the transformation of values into prices. The collection brings together major contributions on the value theory debate from the decade prior to the book's publication, and assesses the debate's significance for wider issues. Value theory emerges as much more than a technical relation between labour time and prices, and the structure of the capitalist economy is scrutinised. This is a relevant and comprehensive work, valuable to students, academics and professionals with an interest in political and Marxist economy.

With labour markets across the world and even in social democratic Europe in a state of unprecedented flux, this exhaustive study addresses the problem of how to balance job market demands, personal career interests and private life becomes a central issue for millions of employees. So how do modern work and employment arrangements restructure individual careers and what is required of individuals in order to manage career transitions successfully over time? This is one of very few in-depth empirical studies to analyze how labour market trends, organisational change and the subjective work orientations of individuals interact. The author's detailed assessment is based on a comparison of the structural contexts, work orientations and employment histories of nurses and ICT technicians in Germany and the UK. These two core service occupations, as well as the national contexts of the two European nations, have quite different working environments and vocational traditions. Nursing is an institutionalized semi-profession with clear criteria of qualification and career continuity, while information and communication technology (ICT) is a new, evolving field with varied skill backgrounds and high job mobility. To arrive at an understanding of how individual career trajectories are changing, this book closely examines the interplay of labour market demands, employees' work and career orientations and the development of their skills. It records the ways in which employees adapt to increased labour market flexibility, which, on the one hand, induces discontinuities of careers, employment and work, and on the other, generates new skill requirements and learning expectations, as well as unforeseen opportunities.

Moving beyond polemical debates on globalization, this study considers complex intersections of gender, race, ethnicity, nationality and class within the field of globalized labor. As a significant contribution to the on-going debate on the role of neoliberal states in reproducing gender-race-class inequality in the global political economy, the volume examines the aggressive implementation of neoliberal policies of globalization in the Philippines, and how labor export has become a contradictory feature of the country's international political economy while being contested from below. Lindio-McGovern presents theoretical and ethnographic insights from observational and interview data gathered during fieldwork in various global cities-Hong Kong, Taipei, Rome, Vancouver, Chicago and Metro-Manila. The result is a compelling weave of theory and experience of exploitation and resistance, an important development in discourses and literature on globalization and social movements seeking to influence regimes that exploit migrant women as cheap labor to sustain gendered global capitalism. Globalization, Labor Export and Resistance: A Study of Filipino Migrant Domestic Workers in Global Cities, is an invaluable resource for scholars, researchers, policy makers, non-governmental organizations, community organizers, students of globalization, trade and labor politics. It will be useful in the fields of women/gender studies, labor studies, transnational social movements, political economy, development, international migration, international studies, international fieldwork and qualitative/feminist research.

Aimed at senior undergraduate and post-graduate students following courses in International Business and Industrial Relations this book examines the labour market effects of multinational business. In reflecting the complexity and dynamism of developments in this area, the book makes clear the need to underpin analysis of the labour market effects of multinational business with conceptual understanding of the theory of multinational enterprise.

First published in 1922, Hobson's study of the depression and resulting unemployment in the aftermath of the First World War is a far-sighted analysis which looks beyond the consequences of the war itself, at the root economic causes of the crisis. Dealing with issues such as the failure of consumption, trade fluctuations, the balance of spending and saving, and spiralling credit as factors which lay at the root of the depression, Hobson's study is a document of considerable economic, social and historical value, which still has much to teach the modern reader, whether interested layperson or student of economics.

The book provides an up-to-date analytical and empirical treatment of some important interactions between paid and unpaid labour and the social economy. The emphasis on the motivations for paid and unpaid labour, and on how these factors contribute to efficiently providing social services, gives a clear empirical counterpart to the concept of social economy. The book begins with a theoretical perspective on the development and characteristics of paid and unpaid labour in social services. Several empirical analyses, largely using novel data sets, are then provided about these phenomena in Italy, a country which has drawn broad international attention in this field, as well as in other European countries and in the US. Topics of particular interest include: preferences regarding and satisfaction with paid and unpaid labour; ownership structure and risk; ownership structure, remuneration and incentives for paid labour; characteristics of volunteer labour and its relationship with social capital endowment across Italian regions; and a comparative analysis of labour in the nonprofit sector across Europe.