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

Related Subjects

Business Business & Investing Economics Math Mathematics Science & Math

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Equilibrium Unemployment Theory

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