Equilibrium Unemployment Theory
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This book focuses on the modeling 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 and for the efficiency of the labor market. An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined...
Format:Paperback
Language:English
ISBN:0262533987
ISBN13:9780262533980
Release Date:February 2017
Publisher:MIT Press
Length:272 Pages
Weight:0.84 lbs.
Dimensions:0.6" x 6.0" x 9.0"
Age Range:18 years and up
Grade Range:Postsecondary and higher
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