Book Review: Workers and Wages in an Urban Labor Market
Book Review: Workers and Wages in an Urban Labor Market
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书评:城市劳动力市场中的工人和工资
DOI:
10.1080/00420987220080081
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发表时间:
1972
期刊:
影响因子:
--
通讯作者:
F. Kasper
中科院分区:
文献类型:
--
作者:
F. Kasper
Labour economists are easily categorised these days into two groups: there are those who delight in discussing the irrationalities and frictions of the labour market, the barriers to equilibria, and the inadequacies of economic theory, be it classical, neoclassical, or what have you. And then there are those who would prefer to spend the equivalent amount of time talking about sex. The authors of this long-awaited book, as well as the present reviewer, might be classified among the sexier labour economists. Rees and Shultz, formerly colleagues at the University of Chicago and now Director of the Industrial Relations Section at Princeton University and President Nixon's chief'allocator of economic resources', as it were, respectively, have done a study of the Chicago labour market to demonstrate that classical economic theory is a powerful tool to understand contemporary labour market behaviour. The book may be said to serve a dual purpose. It is, first, a straightforward, but unusually ambitious and carefully documented, study of many important aspects of urban labour market behaviour. Second, and potentially more significant, it is an almost daring attempt to test some implications of classical economic theory against the facts of a big city. The authors insist upon confronting the competitive theory of 1776 with the hard data of 1962 (when the field work was done). This is such a difficult challenge that it is unsympathetic in the extreme to suggest any reservations about the results. Yet, in a strange way, the more intellectually challenging the purpose of a study, the more demanding become the reviewer's standards. Had Rees and Shultz just presented their empirical results, with the traditional genuflexion in the direction of'theory', they would have been entitled to unreserved praise for their persistent and creative research. But if one is not to'look a gift horse in the mouth', where should one look?The brunt of this book is an econometric analysis of hourly earnings of employees in each of twelve occupations, ranging from janitor to accountant, in the Chicago area. The parameter estimates are presented against a full background description of the nature of the labour market as it existed in the early 1960's. These background chapters (Chapters 1-5, plus Chapter 6, a primer on how to read regression results) are of interest by themselves. A section entitled'Racial Discrimination in Employment', from Chapter 3, which originally appeared in