Equilibrium Unemployment Theory

Front Cover
MIT Press, Mar 2, 2000 - Business & Economics - 272 pages
0 Reviews
An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic processes that break up jobs and lead to the formation of new jobs, and on the implications of this approach for macroeconomic equilibrium and for the efficiency of the labor market.This approach to labor market equilibrium and unemployment has been successful in explaining the determinants of the "natural" rate of unemployment and new data on job and worker flows, in modeling the labor market in equilibrium business cycle and growth models, and in analyzing welfare policy. The second edition contains two new chapters, one on endogenous job destruction and one on search on the job and job-to-job quitting. The rest of the book has been extensively rewritten and, in several cases, simplified.
 

What people are saying - Write a review

We haven't found any reviews in the usual places.

Contents

IV
3
VI
10
VII
13
VIII
15
IX
18
X
23
XI
26
XII
33
XLI
145
XLII
146
XLIII
148
XLIV
152
XLV
154
XLVI
156
XLVII
160
XLVIII
164

XIII
37
XV
40
XVI
46
XVII
57
XVIII
59
XIX
63
XX
69
XXI
70
XXII
75
XXIII
77
XXIV
82
XXV
89
XXVI
93
XXVII
95
XXIX
103
XXX
109
XXXI
114
XXXII
119
XXXIII
120
XXXIV
123
XXXV
124
XXXVI
126
XXXVII
129
XXXVIII
131
XXXIX
135
XL
141
XLIX
167
LI
170
LII
175
LIII
179
LIV
181
LV
183
LVII
188
LVIII
190
LIX
195
LX
196
LXI
197
LXII
201
LXIII
205
LXV
207
LXVI
212
LXVII
213
LXVIII
219
LXIX
222
LXX
225
LXXI
229
LXXII
230
LXXIII
233
LXXIV
235
LXXV
247
Copyright

Other editions - View all

Common terms and phrases

Popular passages

Page 237 - C. (1994), Gross Worker and Job Flows in Europe.

References to this book

All Book Search results »

Bibliographic information