Econometric Methods for Labour Economics

This book provides essential statistical techniques for labour economists, covering five key econometric methods and guiding practitioners in empirical analysis.

This book offers a clear and accessible presentation of the standard statistical techniques utilized by labour economists. Econometric Methods for Labour Economics emphasizes the importance of both the input and output of empirical analysis, ensuring that readers grasp the practical applications of these methods. The text covers five major econometric topics: regression and related methods, choice modelling, selectivity issues, duration analysis, and policy evaluation techniques. Each topic is thoroughly discussed in terms of model specification, potential estimation challenges, diagnostic checking, and interpretation of results.

Econometric Methods for Labour Economics aims to guide practitioners in the effective use of these techniques while helping them understand the results produced through empirical analysis. The methods included are regarded as 'standard' tools in the field of labour economics, yet they are often presented in a brief and overly technical manner in traditional econometrics textbooks. This book seeks to bridge that gap by providing a more comprehensive and user-friendly approach.

This resource is particularly valuable for postgraduates and advanced undergraduates, as well as researchers venturing into empirical labour market analysis. Additionally, it serves as a helpful reference for experienced economists looking to apply these econometric techniques for the first time. By focusing on practical application and interpretation, the book enhances the reader's ability to conduct meaningful analysis in the realm of labour economics.