Unemployment and macroeconomics (Book, 1993) [WorldCat.org]
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Unemployment and macroeconomics
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Unemployment and macroeconomics

Author: Assar Lindbeck
Publisher: Cambridge, Mass. : The MIT Press, ©1993.
Series: Ohlin lectures, 3.
Edition/Format:   Print book : EnglishView all editions and formats
Summary:
Assar Lindbeck demonstrates how macroeconomic analysis can incorporate a labor market characterized by unemployment. Balancing theoretical insights with lessons drawn from the experience of many countries, Lindbeck examines employment and unemployment against the background of developed market economies during the past century. Using the insider-outsider model of unemployment and incorporating discussions of other  Read more...
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Details

Material Type: Internet resource
Document Type: Book, Internet Resource
All Authors / Contributors: Assar Lindbeck
ISBN: 0262121751 9780262121750
OCLC Number: 26504810
Notes: "Ohlin lectures, Handelshögskolan i Stockholm (Stockholm School of Economics), November 1989."
Description: viii, 201 pages : illustrations ; 21 cm
Contents: 1. Introduction --
2. The Empirical Picture --
3. Existence of Unemployment. Alternative Micro-Based Theories of Unemployment. The Insider-Outsider Theory. Relations between Theories. The Involuntariness of Unemployment --
4. The Macroeconomic Framework --
5. Supply Shocks --
6. Demand Shocks. Movements along a Downward-Sloping Labor Demand Relation. Movements along a Horizontal or Upward-Sloping Labor Demand Relation. Shifts of the Labor Demand Relation --
7. Mechanisms of Unemployment Persistence --
8. What Have We Learned? Answers to the Questions. Country Experiences. General Policy Implications. Power-Reducing and Enfranchising Policies. Other Institutional Reforms --
Appendix A: Derivation of the Labor Demand Relation --
Appendix B: Price and Wage Dynamics --
Appendix C: Alternative Representation of the LD-WS Model --
Appendix D: Wage-Phillips Curves for the United States, United Kingdom, and Sweden.
Series Title: Ohlin lectures, 3.
Responsibility: Assar Lindbeck.

Abstract:

Assar Lindbeck demonstrates how macroeconomic analysis can incorporate a labor market characterized by unemployment. Balancing theoretical insights with lessons drawn from the experience of many countries, Lindbeck examines employment and unemployment against the background of developed market economies during the past century. Using the insider-outsider model of unemployment and incorporating discussions of other approaches for comparison, Lindbeck addresses such questions as why unemployment exists, and how aggregate employment and unemployment are determined; what initial impulses or "shocks" precipitate changes in the levels of aggregate employment and unemployment, and how these are transmitted to the labor market; and how the apparent persistence of unemployment can be explained even when the initial shocks are reversed. Lindbeck draws policy conclusions from this analysis that include power-reducing and enfranchising policies as well as other institutional reforms.

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