Read Equilibrium Unemployment Theory (The MIT Press)

Equilibrium Unemployment Theory (The MIT Press)

Christopher A. Pissarides

4.9/5 (20723 ratings)

Description:An equilibrium theory of unemployment assumes that firms and workers maximize theirpayoffs under rational expectations and that wages are determined to exploit the private gains fromtrade. This book focuses on the modeling of the transitions in and out of unemployment, given thestochastic processes that break up jobs and lead to the formation of new jobs, and on theimplications of this approach for macroeconomic equilibrium and for the efficiency of the labormarket.This approach to labor market equilibrium and unemployment has been successful in explainingthe determinants of the "natural" rate of unemployment and new data on job and worker flows, inmodeling the labor market in equilibrium business cycle and growth models, and in analyzing welfarepolicy. The second edition contains two new chapters, one on endogenous job destruction and one onsearch on the job and job-to-job quitting. The rest of the book has been extensively rewritten and,in several cases, simplified.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Equilibrium Unemployment Theory (The MIT Press). To get started finding Equilibrium Unemployment Theory (The MIT Press), you are right to find our website which has a comprehensive collection of manuals listed.
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ISBN: 0262264064

Description: An equilibrium theory of unemployment assumes that firms and workers maximize theirpayoffs under rational expectations and that wages are determined to exploit the private gains fromtrade. This book focuses on the modeling of the transitions in and out of unemployment, given thestochastic processes that break up jobs and lead to the formation of new jobs, and on theimplications of this approach for macroeconomic equilibrium and for the efficiency of the labormarket.This approach to labor market equilibrium and unemployment has been successful in explainingthe determinants of the "natural" rate of unemployment and new data on job and worker flows, inmodeling the labor market in equilibrium business cycle and growth models, and in analyzing welfarepolicy. The second edition contains two new chapters, one on endogenous job destruction and one onsearch on the job and job-to-job quitting. The rest of the book has been extensively rewritten and,in several cases, simplified.We have made it easy for you to find a PDF Ebooks without any digging. And by having access to our ebooks online or by storing it on your computer, you have convenient answers with Equilibrium Unemployment Theory (The MIT Press). To get started finding Equilibrium Unemployment Theory (The MIT Press), you are right to find our website which has a comprehensive collection of manuals listed.
Our library is the biggest of these that have literally hundreds of thousands of different products represented.

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