Labour economics as a discipline has changed dramatically in recent years. Gone are the days of a "job for life". These days, firms and employees are part of a less regulated, more fluid, and more international labour market and knowledge, training, human resource development and human capital are all major factors on the contemporary scene.

This new textbook is the first properly international textbook to reflect these swingeing changes. Its key areas of concentration include:


* the increasing importance of human capital including education and occupational choice
* the major subdivision of personnel economics including economic inactivity and absenteeism
* comparative cross country studies and the impact of globalization and migration on national labour markets
* equal opportunities and issues of discrimination on the basis of race, gender and disability.

Other issues explored include the supply and demand of labour, wages, the current role of trade unions and working time. The book is written in a clear, accessible way with some mathematical exposition, reflecting the text’s grounding in current microeconomic theory. The book also contains case studies designed to illuminate theoretical concepts and exercises and discussion questions to test the students understanding of the various concepts outlined in the text.