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EQUILIBRIUM UNEMPLOYMENT THEORY
PISSARIDES CH. wydawnictwo: MIT PRESS , rok wydania 2000, wydanie II cena netto: 210.00 Twoja cena 199,50 zł + 5% vat - dodaj do koszyka An equilibrium theory of unemployment assumes that firms and workers maximize their
payoffs under rational expectations and that wages are determined to exploit the private
gains from trade. 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.
This approach to labor market equilibrium and unemployment has been successful in
explaining the determinants of the "natural" rate of unemployment and new data
on job and worker flows, in modeling the labor market in equilibrium business cycle and
growth models, and in analyzing welfare policy. The second edition contains two new
chapters, one on endogenous job destruction and one on search on the job and job-to-job
quitting. The rest of the book has been extensively rewritten and, in several cases,
simplified.
272 pages, Paperback
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