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(Ebook) Equilibrium Unemployment Theory 2nd Edition by Christopher A Pissarides ISBN 0262161877 9780262161879

  • SKU: EBN-56636550
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Instant download (eBook) ebooksclub.org Equilibrium Unemployment Theory 2nd Edition after payment.
Authors:2nd Edition
Year:2011
Publisher:MIT Press
Language:english
File Size:7.32 MB
Format:pdf
ISBNS:9780262161879, 0262161877
Categories: Ebooks

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(Ebook) Equilibrium Unemployment Theory 2nd Edition by Christopher A Pissarides ISBN 0262161877 9780262161879

(Ebook) Equilibrium Unemployment Theory 2nd Edition by Christopher A Pissarides - Ebook PDF Instant Download/Delivery: 0262161877, 9780262161879
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ISBN 10: 0262161877 
ISBN 13: 9780262161879
Author: Christopher A Pissarides

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.

(Ebook) Equilibrium Unemployment Theory 2nd Table of contents:

I. Foundations

  1. The Labor Market
  2. Endogenous Job Destruction
  3. Long-Run Equilibrium and Balanced Growth

II. Further Analysis of the Labor Market

  1. Labor Turnover and On-the-Job Search
  2. Search Intensity and Job Advertising
  3. Stochastic Job Matchings

III. Policy Applications

  1. Welfare Policy
  2. Unemployment Insurance and Employment Protection
  3. Labor Market Policies and the Natural Rate of Unemployment

IV. Extensions and Applications

  1. Matching Models and the Beveridge Curve
  2. Business Cycles and Unemployment
  3. International Comparisons of Unemployment

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Tags: Christopher A Pissarides, Equilibrium, Unemployment

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