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Essays in Economics

Essays in Economics PDF Author: James Tobin
Publisher: MIT Press
ISBN: 9780262201018
Category : Business & Economics
Languages : en
Pages : 838

Book Description
This fourth volume in the series of Nobel laureate James Tobin's classic papers represents his work since 1980. This fourth volume in the series of Nobel laureate James Tobin's classic papers represents his work since 1980. Both national and international views are intermingled among the 36 chapters on macroeconomics and fiscal policy, savings, stabilization policy, international coordination of macroeconomic policy, monetary policy, and exchange rates. Several tributes to colleagues--including Walter Heller and Seymour Harris--round out the collection.

Essays in Economics

Essays in Economics PDF Author: James Tobin
Publisher: MIT Press
ISBN: 9780262201018
Category : Business & Economics
Languages : en
Pages : 838

Book Description
This fourth volume in the series of Nobel laureate James Tobin's classic papers represents his work since 1980. This fourth volume in the series of Nobel laureate James Tobin's classic papers represents his work since 1980. Both national and international views are intermingled among the 36 chapters on macroeconomics and fiscal policy, savings, stabilization policy, international coordination of macroeconomic policy, monetary policy, and exchange rates. Several tributes to colleagues--including Walter Heller and Seymour Harris--round out the collection.

Monopsony in Motion

Monopsony in Motion PDF Author: Alan Manning
Publisher: Princeton University Press
ISBN: 1400850673
Category : Business & Economics
Languages : en
Pages : 414

Book Description
What happens if an employer cuts wages by one cent? Much of labor economics is built on the assumption that all the workers will quit immediately. Here, Alan Manning mounts a systematic challenge to the standard model of perfect competition. Monopsony in Motion stands apart by analyzing labor markets from the real-world perspective that employers have significant market (or monopsony) power over their workers. Arguing that this power derives from frictions in the labor market that make it time-consuming and costly for workers to change jobs, Manning re-examines much of labor economics based on this alternative and equally plausible assumption. The book addresses the theoretical implications of monopsony and presents a wealth of empirical evidence. Our understanding of the distribution of wages, unemployment, and human capital can all be improved by recognizing that employers have some monopsony power over their workers. Also considered are policy issues including the minimum wage, equal pay legislation, and caps on working hours. In a monopsonistic labor market, concludes Manning, the "free" market can no longer be sustained as an ideal and labor economists need to be more open-minded in their evaluation of labor market policies. Monopsony in Motion will represent for some a new fundamental text in the advanced study of labor economics, and for others, an invaluable alternative perspective that henceforth must be taken into account in any serious consideration of the subject.

Brookings Papers on Economic Activity: Spring 2019

Brookings Papers on Economic Activity: Spring 2019 PDF Author: Janice Eberly
Publisher: Brookings Institution Press
ISBN: 0815738161
Category : Business & Economics
Languages : en
Pages : 492

Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: On Secular Stagnation in the Industrialized World, Lukasz Rachel and Lawrence H. Summers A Forensic Examination of China's National Accounts, Wei Chen, Xilu Chen, Chang-Tai Hsieh, and Zheng Song A Unified Approach to Measuring u*, Richard K. Crump, Stefano Eusepi, Maric Giannoni, and Ays ̧egül S ̧ahin Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why, Christina D. Romer and David H. Romer Okun Revisited: Who Benefits Most from a Strong Economy? Stephanies R. Aaronson, Mary C. Daly, William L. Wascher, and David W. Wilcox On the Economics of a Carbon Tax for the United States, Gilbert E. Metcalf

The Overeducated American

The Overeducated American PDF Author: Richard Barry Freeman
Publisher: New York : Academic Press
ISBN: 9780122672521
Category : Business & Economics
Languages : en
Pages : 218

Book Description
Analyzes the 1970s downturn in the labor market for college-educated manpower, considers consequences for educational institutions, and explores policies for alleviating the situation. Bibliogs

Fabian Essays in Socialism

Fabian Essays in Socialism PDF Author: George Bernard Shaw
Publisher: Cosimo, Inc.
ISBN: 1602060215
Category : Philosophy
Languages : en
Pages : 285

Book Description
Britain's Fabian Society was founded in 1884 to promote non-Marxist evolutionary socialism, and later laid the foundations for the nation's Labour Party. These educational essays, adapted from a series of lectures delivered in 1889 and published the following year, serve not only as an introductory course in democratic applications of socialism but also as a primer in the history of modern British politics. Essays include. . George Bernard Shaw on the economic basis of socialism, and transitioning to social democracy . Sidney Webb on the history of socialism in England . William Clarke on the capitalist roots of socialism . Sydney Oliver on morality and socialism . Graham Wallas on property, wealth, and debt under socialism . Annie Besant on the workings of industry in a socialist system . Hubert Bland on the future of modern socialism.

Equilibrium Unemployment Theory, second edition

Equilibrium Unemployment Theory, second edition PDF Author: Christopher A. Pissarides
Publisher: MIT Press
ISBN: 0262264064
Category : Business & Economics
Languages : en
Pages : 273

Book Description
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. 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.

Internal Labor Markets and Manpower Analysis

Internal Labor Markets and Manpower Analysis PDF Author: Peter B. Doeringer
Publisher: M.E. Sharpe
ISBN: 9780765632128
Category : Business & Economics
Languages : en
Pages : 258

Book Description
This book discusses the institutional aspects of the American labor market. The introduction assesses the major changes since 1971.

Studies & Papers

Studies & Papers PDF Author:
Publisher:
ISBN:
Category : Health services administration
Languages : en
Pages : 268

Book Description


Labour Markets Performance and Migration Flows in Arab Mediterranean Countries: Final report & thematic background papers

Labour Markets Performance and Migration Flows in Arab Mediterranean Countries: Final report & thematic background papers PDF Author: European Commission. Directorate-General for Economic and Financial Affairs
Publisher:
ISBN:
Category : Africa, North
Languages : en
Pages : 216

Book Description
Recoge: The labour markets performance in AMCS. National employment policies and labour markets reform in AMCS. Outward labour migration in Arab Mediterranean Countries. Elements for analyzing the impact of migration flows on national labour markets. EU migration policies and Arab Mediterranean Countries.

The Minimum Wage and Labor Market Outcomes

The Minimum Wage and Labor Market Outcomes PDF Author: Christopher J. Flinn
Publisher: MIT Press
ISBN: 0262288761
Category : Business & Economics
Languages : en
Pages : 321

Book Description
The introduction of a search and bargaining model to assess the welfare effects of minimum wage changes and to determine an “optimal” minimum wage. In The Minimum Wage and Labor Market Outcomes, Christopher Flinn argues that in assessing the effects of the minimum wage (in the United States and elsewhere), a behavioral framework is invaluable for guiding empirical work and the interpretation of results. Flinn develops a job search and wage bargaining model that is capable of generating labor market outcomes consistent with observed wage and unemployment duration distributions, and also can account for observed changes in employment rates and wages after a minimum wage change. Flinn uses previous studies from the minimum wage literature to demonstrate how his model can be used to rationalize and synthesize the diverse results found in widely varying institutional contexts. He also shows how observed wage distributions from before and after a minimum wage change can be used to determine if the change was welfare-improving. More ambitiously, and perhaps controversially, Flinn proposes the construction and formal estimation of the model using commonly available data; model estimates then enable the researcher to determine directly the welfare effects of observed minimum wage changes. This model can be used to conduct counterfactual policy experiments—even to determine “optimal” minimum wages under a variety of welfare metrics. The development of the model and the econometric theory underlying its estimation are carefully presented so as to enable readers unfamiliar with the econometrics of point process models and dynamic optimization in continuous time to follow the arguments. Although most of the book focuses on the case where only the unemployed search for jobs in a homogeneous labor market environment, later chapters introduce on-the-job search into the model, and explore its implications for minimum wage policy. The book also contains a chapter describing how individual heterogeneity can be introduced into the search, matching, and bargaining framework.