The measurement of labor cost / edited by Jack E. Triplett.

Format:

Book

Conference/Event

Contributor:

Triplett, Jack E.

Conference Name:

Conference on the Measurement of Labor Cost (1981 : Williamsburg, Va.)

Series:

Studies in income and wealth ; v. 48.

Studies in income and wealth ; v. 48

Language:

English

Subjects (All):

Employee fringe benefits--United States--Congresses.

Employee fringe benefits.

Labor costs--United States--Congresses.

Labor costs.

Physical Description:

1 online resource (556 pages)

Edition:

1st ed.

Place of Publication:

Chicago : University of Chicago Press, 1983.

Language Note:

English

Summary:

Measuring costs of labor as a portion of total production costs has never before been treated so thoroughly or so thoughtfully. Moreover, contrary to most recent labor research, this book focuses on the demand side-the employer's point of view-and the behavior studied is employer behavior. An introductory essay by the editor provides a useful guide to current thought in the analysis of labor cost. Other papers give new insights into problems encountered in accounting for the nonwage elements of labor compensation, the effect of pensions and other benefits, and the wage-measurement questions raised by incomes policies. In addition, there is a wealth of valuable new data on labor costs in the United States. Labor economists, statisticians, econometric modelers, and advisers to government and industry will welcome this up-to-date and comprehensive treatment of the costs of production.

Contents:

Front matter

Contents

Prefatory Note

1. Introduction: An Essay on Labor Cost

2. The Fixed Employment Costs of Specialized Labor

3. Structural Estimation in Implicit Markets

4. Analysis of Labor Cost: Data Concepts and Sources

5. Sectoral Measures of Labor Cost for the United States, 1948-1978

6. The Size Distribution of Wage and Nonwage Compensation: Employer Cost versus Employee Value

7. New Measures of Labor Cost: Implications for Demand Elasticities and Nominal Wage Growth

8. Intermetropolitan Wage Differentials in the United States

9. Imputing Income in the CPS: Comments on "Measures of Aggregate Labor Cost in the United States"

10. Estimating Wage-Fringe Trade-offs: Some Data Problems

11. Fringe Benefits in Employee Compensation

12. The Effect of Pension Plans on the Pattern of Life Cycle Compensation

13. Measuring Labor Compensation in Controls Programs

14. Wage Measurement Questions Raised by an Incomes Policy

Appendix A. Current and Historical Availability of BLS Wage, Price, and Productivity Series by SIC Industries

Appendix B. Sectoral Labor Input

Appendix C. Labor Cost Series, Manufacturing and Private Business, 1953-1980

Contributors

Author Index

Subject Index

Notes:

"Papers and discussion presented at the Conference on the Measurement of Labor Cost held in Williamsburg, Virginia, on 3 and 4 December 1981"--Preface.

Includes indexes.

ISBN:

9786611224073

9781281224071

1281224073

9780226812595

0226812596

OCLC:

476229620