Author: George Eugene TauchenPublisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 238
Book Description
Estimation of Complete Equilibrium Systems Explaining Aggregate Unemployment, Employment and the Real Wage
Author: George Eugene TauchenPublisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 238
Book Description
Research, Evaluation, and Demonstration Projects
Author: Research and Development Projects
Author: United States. Employment and Training AdministrationPublisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 922
Book Description
Labor Literature
Author: United States. Department of Labor. LibraryPublisher:
ISBN:
Category : Labor
Languages : en
Pages : 28
Book Description
Labor Literature
Author: Advances in the Theory and Measurement of Unemployment
Author: Yoram WeissPublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 368
Book Description
The Determinants of Equilibrium Unemployment
Author: Eran YashivPublisher:
ISBN:
Category : Equilibrium (Economics)
Languages : en
Pages : 84
Book Description
Equilibrium Unemployment Theory, second edition
Author: Christopher A. PissaridesPublisher: 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.
Research, Evaluation, and Demonstration Projects
Author: A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States
Author: International Monetary FundPublisher: International Monetary Fund
ISBN: 1451952171
Category : Business & Economics
Languages : en
Pages : 65
Book Description
The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with “real” and structural data; and third, the methodology encompasses many of the methods found in the literature. The results indicate that potential output growth has recovered somewhat during the early 1980s, but remains below the rapid rates of increase in the late 1960s. The natural rate, after rising during the late 1960s and the 1970s, is found to have declined in the 1980s. The paper concludes with an assessment of medium-term prospects for potential output and-the natural rate.