Monograph on wage determination, wages trends and the labour market in the USA - covers wage structure, wage differentials, (incl. Within occupations), wage policy, role of trade unions in wage collective bargaining, minimum wage and employment effects, etc. Bibliography after each chapter and statistical tables.

Labor and the Economy provides the theory, empirical studies of the labor force, and public policies that flow from the theories and empirical studies in the field of labor economics. The book focuses on economic issues and debates. Topics discussed in the text include the history of labor economics; the microeconomic foundations of labor economics; the interaction between labor's effect on the macroeconomy and the macroeconomy's effect on labor; and the interrelation of trade unions with other economic institutions. Graduate and undergraduate students of economics as well as practicing economists will find the book a good reference material.