Labour Economics And Public Policy: Managing The Labour Markets For Competitiveness

by Soon Beng Chew

Overview

This book serves as a textbook on labour economics and public policy in labour markets.It also shows how Singapore has been successful in establishing a world class labour market. One attribute of such a labour market is the high purchasing power of wages for the average worker for essentials such as housing, healthcare, quality education for children and retirement consumption, which motivates Singaporeans to work hard. The second attribute is a macro-focused labour union that works closely with the government, and is able to prevent excessive wage increase.

Product Details

ISBN-13:	9789813149809
Publisher:	World Scientific Publishing Company, Incorporated
Publication date:	05/23/2017
Pages:	276
Product dimensions:	6.20(w) x 9.10(h) x 0.80(d)

Table of Contents

Preface ix

About the Author xiii

Acknowledgements xv

Chapter 1 Labour Markets and Competitiveness 1

Chapter 2 The Basic Model of Labour Supply 15

Chapter 3 The Life Cycle, the Family and Labour Supply 33

Chapter 4 Wage Subsidy and Labour Supply 47

Chapter 5 Demand Curve for Labour 57

Chapter 6 Labour Markets and Public Policy 81

Chapter 7 Monopsony in the Labour Markets 97

Chapter 8 Wages and Incentive Pay 105

Chapter 9 Economics of Labour Unions 123

Chapter 10 Economics of Macro-focused Unions 141

Chapter 11 Human Capital 161

Chapter 12 Labour Market Discrimination and Values in Society 177

Chapter 13 Employment and Unemployment 195

Chapter 14 Economic Inequality 215

Chapter 15 Labour Income and Savings in Singapore 223

Chapter 16 Moving Up the Value Chain 241

Index 257