Recent Developments In The Theory Of Involuntary Unemployment
DOWNLOAD
Download Recent Developments In The Theory Of Involuntary Unemployment PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Recent Developments In The Theory Of Involuntary Unemployment book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Recent Developments In The Theory Of Involuntary Unemployment
DOWNLOAD
Author : Carl Davidson
language : en
Publisher: W E Upjohn Inst for
Release Date : 1990
Recent Developments In The Theory Of Involuntary Unemployment written by Carl Davidson and has been published by W E Upjohn Inst for this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Business & Economics categories.
The most prominent theories of unemployment that have emerged since 1960 are search, disequilibrium, implicit contracts, efficiency wage, and insider/outsider models. Search models assume that it takes time and effort for employers and potential employees to find each other. A "partial-partial" equilibrium approach focuses on one side of the market. The reservation wage approach focuses on the problem of finding an employer willing to offer adequate compensation. The most promising is the trade friction approach. The fixed price or disequilibrium literature shows that the most effective policy for combating unemployment depends upon which markets are out of equilibrium. Recent work has shown that imperfect competition in a general equilibrium setting may result in "coordination failures." Basic assumptions underlying research in implicit contracts are that contract terms are isolated from market forces and that workers are more averse to risk than employers are. This line of research has encountered difficulties in attempting to explain the coexistence of wage rigidity and unemployment in a contracting framework. The two most promising lines of research in an attempt to explain wage rigidity and unemployment are efficiency wage theory and the insider/outsider theory of unemployment. Two issues remain: empirical verification of critical features of the models and similarities across models. (An index and 176 references are provided.) (YLB)
Involuntary Unemployment
DOWNLOAD
Author : James Anthony Trevithick
language : en
Publisher:
Release Date : 1992
Involuntary Unemployment written by James Anthony Trevithick and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Keynesian economics categories.
What sense is the student of economics to make of the seemingly irreconcilable positions espoused by rival schools of thought? How will the student be able to form a balanced judgement of the relative merits and demerits of, for example, the Keynesian and the monetarist approaches to macroeconomics? More fundamentally, what is a Keynesian and how does a Keynesian differ from a monetarist or a new classical macroeconomist. J.A. Trevithick provides a fascinating and highly readable account of macroeconomic theory. He places the emphasis squarely on the Keynesian approach, demonstrating clearly the role of earlier authors in Keynes's development of The General Theory. Moreover, he shows how new classical economics is a conscious reaction to the Keynesian approach. He provides a powerful re-statement of the continuance of Keynes's central role in macroeconomics despite many challenges. No-one, from whatever school, will be able to ignore this book.
Involuntary Unemployment
DOWNLOAD
Author : Michel de Vroey
language : en
Publisher: Routledge
Release Date : 2004-07-01
Involuntary Unemployment written by Michel de Vroey and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-07-01 with Business & Economics categories.
The Great Depression of the 1930s with its dramatic unemployment rates was one of the most striking economic events of the past century. It shook economists' beliefs in the existence of self-adjusting forces and prompted Keynes to write his masterwork, The General Theory of Employment, Interest and Money. Involuntary unemployment was the central co
Involuntary Unemployment
DOWNLOAD
Author : Michel de Vroey
language : en
Publisher: Psychology Press
Release Date : 2004
Involuntary Unemployment written by Michel de Vroey and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Business & Economics categories.
The Great Depression of the 1930s with its dramatic unemployment rates was one of the most striking economic events of the past century. It shook economists' beliefs in the existence of self-adjusting forces and prompted Keynes to write his masterwork, The General Theory of Employment, Interest and Money. Involuntary unemployment was the central concept of Keynes' book. However, after having been considered the sine qua non of economics for decades, it has gradually disappeared from textbooks and research. This book recounts and ponders this demise, asking whether the abandonment of the concept of involuntary unemployment is the manifestation of some inner defect of recent economic theory or is rather due to some intrinsic weakness of the concept itself, which makes it of little use when it comes to economic theorising. In order to disentangle these issues, the author critically reviews the different explanations of involuntary unemployment that have been offered from Keynes up to the end of the 1980s. After consideringThe General Theory, the author studies the works of pioneering macroeconomists such as Hicks, Modigliani, Lange, Leontief, Tobin, Klein and Hansen. An examination of the 're-appraisal of Keynes' and of the so-called disequilibrium school is followed by a discussion of Friedman's and Lucas' anti-Keynesian attack. The final part of the book investigates a series of models purporting to revive the Keynesian project, namely implicit contract, efficiency wages, insider-outsider, coordination failures, and imperfect competition.
Efficiency Wages
DOWNLOAD
Author : Andrew Weiss
language : en
Publisher: Princeton University Press
Release Date : 2014-07-14
Efficiency Wages written by Andrew Weiss and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-07-14 with Political Science categories.
Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field and presents new results. He shows how wage schedules affect the kinds of workers a firm employs and how well those workers perform on the job. Using straightforward examples, he demonstrates how efficiency-wage theory can explain labor market outcomes and guide government policy. There is a separate section of applications to less developed countries. "Efficiency-wage models represent one of the most important developments in economic theory of recent years. They have, at last, provided integrated explanations both of macroeconomic phenomena, such as unemployment and wage rigidity, and microeconomic phenomena, such as wage dispersion. Weiss--one of the pioneers of efficiency-wage theory--provides here a masterful survey, a lucid and systematic and yet critical account of this rapidly developing branch of economics. This book should be required reading in all courses in macroeconomics."--Joseph Stiglitz, Stanford University "Efficiency Wages should be on the bookshelf of all labor and macroeconomists."--Lawrence H. Summers, Harvard University "A splendid monograph ... most readable... I will put it on my reading list."--Partha Dasgupta, Stanford University Originally published in 1991. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Structural Slumps
DOWNLOAD
Author : Edmund S. Phelps
language : en
Publisher: Harvard University Press
Release Date : 1994
Structural Slumps written by Edmund S. Phelps and has been published by Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1994 with Business & Economics categories.
Dissatisfied with the explanations of the business cycle provided by the Keynesian, monetarist, New Keynesian, and real business cycle schools, Edmund Phelps has developed from various existing strands-some modern and some classical--a radically different theory to account for the long periods of unemployment that have dogged the economies of the United States and Western Europe since the early 1970s. Phelps sees secular shifts and long swings of the unemployment rate as structural in nature. That is, they are typically the result of movements in the natural rate of unemployment (to which the equilibrium path is always tending) rather than of long-persisting deviations around a natural rate itself impervious to changing structure. What has been lacking is a "structuralist" theory of how the natural rate is disturbed by real demand and supply shocks, foreign and domestic, and the adjustments they set in motion. To study the determination of the natural rate path, Phelps constructs three stylized general equilibrium models, each one built around a distinct kind of asset in which firms invest and which is important for the hiring decision. An element of these models is the modern economics of the labor market whereby firms, in seeking to dampen their employees' propensities to quit and shirk, drive wages above market-clearing levels-the phenomenon of the "incentive wage"--and so generate involuntary unemployment in labor-market equilibrium. Another element is the capital market, where interest rates are disturbed by demand and supply shocks such as shifts in profitability, thrift, productivity, and the rate of technical progress and population increase. A general-equilibrium analysis shows how various real shocks, operating through interest rates upon the demand for employees and through the propensity to quit and shirk upon the incentive wage, act upon the natural rate (and thus equilibrium path). In an econometric and historical section, the new theory of economic activity is submitted to certain empirical tests against global postwar data. In the final section the author draws from the theory some suggestions for government policy measures that would best serve to combat structural slumps.
Recent Developments In The Theory Of Involuntary Unemployment
DOWNLOAD
Author : Carl Davidson
language : en
Publisher:
Release Date : 1990
Recent Developments In The Theory Of Involuntary Unemployment written by Carl Davidson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Unemployment categories.
Summarises the following theories of unemployment, which have emerged since the 1960s: search, disequilibrium (i.e. fixed price models), implicit contracts, efficiency wage, and insider/outsider models.
Involuntary Unemployment
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2004
Involuntary Unemployment written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Employment (Economic theory) categories.
The Theory Of Unemployment Reconsidered
DOWNLOAD
Author : Edmond Malinvaud
language : en
Publisher: New York : Wiley
Release Date : 1977
The Theory Of Unemployment Reconsidered written by Edmond Malinvaud and has been published by New York : Wiley this book supported file pdf, txt, epub, kindle and other format this book has been release on 1977 with Business & Economics categories.
The Concept And Measurement Of Involuntary Unemployment
DOWNLOAD
Author : George David Norman Worswick
language : en
Publisher:
Release Date : 1976
The Concept And Measurement Of Involuntary Unemployment written by George David Norman Worswick and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1976 with Business & Economics categories.
Monograph of selected revised conference papers on the measurement of involuntary unemployment in the UK - discusses the development of the job searching theory, methodology for measuring unemployment in the UK and the EC, unemployment statistical tables as economic indicators and social indicators and employment policy and economic policy, etc. Bibliography pp. 314 to 322, diagrams, graphs, references and statistical tables. Conference held in durham 1974 mar.