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| Introduction | |
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| Acknowledgments | |
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| Supply and Demand Behaviors | |
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| Labor Supply | |
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| The Neoclassical Theory of Labor Supply | |
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| Empirical Aspects of Labor Supply | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Appendices | |
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| Education and Human Capital | |
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| Some Facts | |
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| The Theory of Human Capital | |
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| Education as a Signaling Device | |
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| Evaluations of the Returns to Education | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Job Search | |
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| Basic Job Search Theory | |
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| The Equilibrium Search Model and the Theory of Optimal Unemployment Insurance | |
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| Empirical Aspects of Job Search | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Appendix: The Discounted Cost of an Unemployed Person | |
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| Labor Demand | |
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| The Static Theory of Labor Demand | |
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| From Theory to Estimates | |
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| Labor Demand and Adjustment Costs | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Appendices | |
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| Wage Formation | |
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| Compensating Wage Differentials and Discrimination | |
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| Perfect Competition and Compensating Wage Differentials | |
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| Obstacles to Perfect Competition (1): Barriers to Entry | |
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| Obstacles to Perfect Competition (2): Imperfect Information | |
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| What Empirical Studies Tell Us | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Contracts, Risk-Sharing, and Incentive | |
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| The Labor Contract | |
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| Risk-Sharing | |
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| Incentive in the Presence of Verifiable Results | |
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| Incentive in the Absence of Verifiable Results | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Collective Bargaining | |
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| Unions and Collective Bargaining | |
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| Bargaining Theory | |
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| Standard Models of Collective Bargaining | |
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| Insiders and Outsiders | |
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| Investment and Hours | |
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| Empirical Evidence Regarding the Consequences of Collective Bargaining | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Appendices | |
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| Unemployment and Inequality | |
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| Unemployment and Inflation | |
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| Some Facts | |
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| From the Classical Model to the Keynesian View | |
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| Nominal Rigidities: The Critiques of Friedman and Lucas | |
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| Real Rigidities: Hysteresis and the Wage Curve | |
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| Estimates of the NAIRU and Wage Equations | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Appendices | |
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| Job Reallocation and Unemployment | |
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| Job Flows and Worker Flows | |
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| The Competitive Model with Job Reallocation | |
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| The Matching Model | |
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| Investment and Employment | |
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| Out-of-Stationary-State Dynamics | |
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| The Efficiency of Market Equilibrium | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Technological Progress, Globalization, and Inequalities | |
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| Does Technological Progress Destroy More Jobs Than It Creates? | |
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| Globalization, Inequality, and Unemployment | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Appendix | |
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| Institutions and Economic Policy | |
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| Labor Market Policies | |
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| Labor Market Policies: An International Perspective | |
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| Active Policies: Theoretical Analysis | |
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| The Evaluation of Active Labor Market Policies | |
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| The Macroeconomic Effects of Unemployment Benefits | |
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| Conclusion and Summary | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Institutions and Labor Market Performance | |
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| The Minimum Wage | |
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| Employment Protection | |
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| Taxation | |
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| The Level at Which Wage Bargaining Takes Place | |
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| Macroeconomic Assessments of Institutions | |
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| Summary and Conclusion | |
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| Related Topics in the Book | |
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| Further Readings | |
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| Mathematical Appendices | |
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| Appendix A: Static Optimization | |
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| Unconstrained and Constrained Maximum | |
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| The Technique of the Lagrangian | |
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| The Interpretation of the Lagrange Multipliers | |
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| Summary and Practical Guide to Static Optimization | |
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| Appendix B: Dynamic Optimization | |
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| The Optimal Control Problem | |
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| The First-Order Conditions | |
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| Infinite Horizon | |
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| Calculus of Variations and the Euler Equation | |
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| Summary and Practical Guide to Optimal Control | |
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| Appendix C: Basic Notions Concerning Random Variables | |
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| Random Variables and Probability Densities | |
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| Independence and Correlation | |
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| The Probability Distributions Utilized in This Book | |
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| Appendix D: The Poisson Process and the Value of an Asset | |
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| The Poisson Process | |
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| Evolution of the Value of an Asset | |
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| An Alternative Proof | |
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| Appendix E: Systems of Linear Difference Equations | |
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| A Particular Solution | |
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| The General Solution | |
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| Stability | |
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| A Useful Form for the Stability Conditions | |
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| The Phase Diagram | |
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| User Guide for the Study of Two-Dimensional Linear Systems | |
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| Notes | |
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| Name Index | |
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| Subject Index | |