1.Eight new Boxed Examples in the Twelfth Edition address engaging topics such as the “Big Mac” real-wage index, how housing subsidies affect labor supply, the effects of linguistics on personal discount rates, and the effects of race on called strikes in baseball.



　　2.An expanded treatment of the labor-market effects of immigration in Chapter 10 ties into the growing debate on unauthorized immigration, one of today’s hot-button issues. The chapter now includes analysis of the elasticity of the labor demand curve and the economic effects of low-skilled immigration on higher-skilled workers.



　　3.An enhanced discussion of human capital investments in Chapter 9 offers a more detailed analysis of how “behavioral skills,” psychic costs of learning, and personal discount rates affect the returns to education. These issues are highly relevant to students as they look ahead to their future careers.

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Ch 1. Introduction

Ch 2. Overview of the Labor Market

Ch 3. The Demand for Labor

Ch 4. Labor Demand Elasticities

Ch 5. Frictions in the Labor Market

Ch 6. Supply of Labor to the Economy: The Decision to Work

Ch 7. Labor Supply: Household Production, the Family, and the Life Cycle

Ch 8. Compensating Wage Differentials and Labor Markets

Ch 9. Investments in Human Capital: Education and Training

Ch10. Worker Mobility: Migration, Immigration, and Turnover

Ch11. Pay and Productivity: Wage Determination Within the Firm

Ch12. Gender, Race, and Ethnicity in the Labor Market

Ch13. Unions and the Labor Market

Ch14. Unemployment

Ch15. Inequality in Earnings

Ch16. The Labor-Market Effects of International Trade and Production Sharing

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