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Equilibrium Unemployment Theory

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ISBN-10: 0262161877

ISBN-13: 9780262161879

Edition: 2nd 2000

Authors: Christopher A. Pissarides

List price: $61.00
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Description:

This text focuses on the modelling 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.
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Book details

List price: $61.00
Edition: 2nd
Copyright year: 2000
Publisher: MIT Press
Publication date: 3/2/2000
Binding: Hardcover
Pages: 272
Size: 6.25" wide x 9.25" long x 1.00" tall
Weight: 1.276

Preface
Preface to the First Edition
The Labor Market
Trade in the Labor Market
Job Creation
Workers
Wage Determination
Steady-State Equilibrium
Capital
Out-of-Steady-State Dynamics
Endogenous Job Destruction
Productivity Shocks and Reservation Rules
Steady-State Equilibrium
Unemployment, Job Creation, and Job Destruction
Capital
Out-of-Steady-State Dynamics
Long-Run Equilibrium and Balanced Growth
Large Firms
Unemployment Income
Technological Progress: The Capitalization Effect
Endogenous Capital and Interest
Creative Job Destruction
Labor Turnover and On-the-Job Search
Exogenous Labor Turnover
Search on the Job
Equilibrium
The Implications of On-the-Job Search of Equilibrium
The Implications of Higher Labor Productivity
Search Intensity and Job Advertising
The Matching Technology with Variable Intensity
The Choice of Search Intensity
The Choice of Job Advertising
Equilibrium
Unemployment and Search Intensity
Stochastic Job Matchings
Job Matching
The Choice of Reservation Wage
The Choice of Hiring Standards
Wage Determination
Equilibrium
Unemployment and Vacancies with Stochastic Job Matchings
Labor Force Participation and Hours of Work
Labor Force Participation
The Discouraged- and Added-Worker Effects
Hours of Work
Efficiency
Job Creation
Job Destruction
Search Intensity and Job Advertising
Stochastic Job Matchings
Labor-Force Participation
Three Questions about Efficiency
The Role of Policy
Policy Instruments
Wage Determination
Equilibrium with Policy
Job Destruction
Search Intensity
Stochastic Job Matchings
Compensating Policy Changes
Search Externalities and Policy
An Alternative Approach to the Design of Policy
Bibliography
Index