Equilibrium unemployment theory

MIT Press

2000

xix, 252 pages

1. The Labor Market -- 1.1. Trade in the Labor Market -- 1.2. Job Creation -- 1.3. Workers -- 1.4. Wage Determination -- 1.5. Steady-State Equilibrium -- 1.6. Capital -- 1.7. Out-of-Steady-State Dynamics -- 2. Endogenous Job Destruction -- 2.1. Productivity Shocks and Reservation Rules -- 2.2. Steady-State Equilibrium -- 2.3. Unemployment, Job Creation, and Job Destruction -- 2.4. Capital -- 2.5. Out-of-Steady-State Dynamics -- 3. Long-Run Equilibrium and Balanced Growth -- 3.1. Large Firms -- 3.2. Unemployment Income -- 3.3. Technological Progress: The Capitalization Effect -- 3.4. Endogenous Capital and Interest -- 3.5. Creative Job Destruction -- 4. Labor Turnover and On-the-Job Search -- 4.1. Exogenous Labor Turnover -- 4.2. Search on the Job -- 4.3. Equilibrium -- 4.4. The Implications of On-the-Job Search of Equilibrium -- 4.5. The Implications of Higher Labor Productivity -- 5. Search Intensity and Job Advertising -- 5.1. The Matching Technology with Variable Intensity -- 5.2. The Choice of Search Intensity -- 5.3. The Choice of Job Advertising -- 5.4. Equilibrium -- 5.5. Unemployment and Search Intensity -- 6. Stochastic Job Matchings -- 6.1. Job Matching -- 6.2. The Choice of Reservation Wage -- 6.3. The Choice of Hiring Standards -- 6.4. Wage Determination -- 6.5. Equilibrium -- 6.6. Unemployment and Vacancies with Stochastic Job Matchings -- 7. Labor Force Participation and Hours of Work -- 7.1. Labor Force Participation -- 7.2. The Discouraged- and Added-Worker Effects -- 7.3. Hours of Work -- 8. Efficiency -- 8.1. Job Creation -- 8.2. Job Destruction -- 8.3. Search Intensity and Job Advertising -- 8.4. Stochastic Job Matchings -- 8.5. Labor-Force Participation -- 8.6. Three Questions about Efficiency -- 9. The Role of Policy -- 9.1. Policy Instruments -- 9.2. Wage Determination -- 9.3. Equilibrium with Policy -- 9.4. Job Destruction -- 9.5. Search Intensity -- 9.6. Stochastic Job Matchings -- 9.7.Compensating Policy Changes -- 9.8. Search Externalities and Policy -- 9.9. An Alternative Approach to the Design of Policy

Английский