Hlustaðu og lestu

Stígðu inn í heim af óteljandi sögum

  • Lestu og hlustaðu eins mikið og þú vilt
  • Þúsundir titla
  • Getur sagt upp hvenær sem er
  • Engin skuldbinding
Prófa frítt
is Device Banner Block 894x1036

Labor Markets and Business Cycles

Sería

1 of 3

Tungumál
enska
Format
Flokkur

Viðskiptabækur

Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles.

The book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics.

Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research.

© 2010 Princeton University Press (Rafbók): 9781400835232

Útgáfudagur

Rafbók: 12 april 2010

Aðrir höfðu einnig áhuga á...

  1. Macroeconomics Textbook Introbooks Team
  2. Lectures on Behavioral Macroeconomics Paul De Grauwe
  3. Principles of Macroeconomics Explained Introbooks Team
  4. Technology Differences over Space and Time Francesco Caselli
  5. Interest and Prices: Foundations of a Theory of Monetary Policy Michael Woodford
  6. The Warren Buffett Stock Portfolio: Warren Buffett's Stock Picks: When and Why He Is Investing in Them Mary Buffett
  7. The Theory of Corporate Finance Jean Tirole
  8. Capital and Ideology Thomas Piketty
  9. Irrational Exuberance: Revised and Expanded Third Edition Robert J. Shiller
  10. The Intelligent Investor Benjamin Graham
  11. Applied Economics: Thinking Beyond Stage One Thomas Sowell
  12. Theory of Games and Economic Behavior: 60th Anniversary Commemorative Edition John von Neumann
  13. Narrative Economics: How Stories Go Viral and Drive Major Economic Events Robert J. Shiller
  14. The Death of Money: The Coming Collapse of the International Monetary System James Rickards
  15. One Up On Wall Street: How To Use What You Already Know To Make Money In The Market Peter Lynch
  16. Socialism: An Economic and Sociological Analysis Ludwig von Mises
  17. Lawlessness and Economics: Alternative Modes of Governance Avinash K. Dixit
  18. Income Distribution in Macroeconomic Models Josef Zweimüller
  19. Misunderstanding Financial Crises: Why We Don't See Them Coming Gary B. Gorton
  20. Rewriting the Rules of the European Economy: An Agenda for Growth and Shared Prosperity Joseph E. Stiglitz
  21. A Random Walk Down Wall Street: Including a Life-Cycle Guide to Personal Investing Burton G. Malkiel
  22. Bayesian Estimation of DSGE Models Frank Schorfheide
  23. The Making of Modern Economics, Second Edition: The Lives and Ideas of the Great Thinkers Mark Skousen
  24. The Little Book of Behavioral Investing: How not to be your own worst enemy (Little Book, Big Profits) James Montier
  25. Finance and the Good Society Robert J. Shiller
  26. Rational Expectations and Inflation: Third Edition Thomas J. Sargent
  27. Balancing the Banks: Global Lessons from the Financial Crisis Jean Tirole
  28. The Winner's Curse: Paradoxes and Anomalies of Economic Life Richard H. Thaler
  29. Financial Crises, Liquidity, and the International Monetary System Jean Tirole
  30. Macroeconomic Theory: A Dynamic General Equilibrium Approach – Second Edition: A Dynamic General Equilibrium Approach - Second Edition Michael Wickens
  31. Methods for Applied Macroeconomic Research Fabio Canova
  32. Identity Economics: How Our Identities Shape Our Work, Wages, and Well-Being George A. Akerlof
  33. Tao of Charlie Munger: A Compilation of Quotes from Berkshire Hathaway's Vice Chairman on Life, Business, and the Pursuit of Wealth With Commentary by David Clark David Clark
  34. Investment under Uncertainty Robert S. Pindyck
  35. The Wealth of Nations Adam Smith
  36. This Time is Different: Eight Centuries of Financial Folly Carmen Reinhart
  37. Monetary Policy, Inflation, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications – Second Edition: An Introduction to the New Keynesian Framework and Its Applications - Second Edition Jordi Galí
  38. Career and Family: Women's Century-Long Journey toward Equity Claudia Goldin
  39. The Great Contraction, 1929–1933: New Edition Milton Friedman
  40. A Monetary History of the United States, 1867–1960 Milton Friedman
  41. Mathematical Techniques in Finance: Tools for Incomplete Markets - Second Edition Ales Cerný
  42. The Dhandho Investor: The Low-Risk Value Method to High Returns Mohnish Pabrai
  43. The Curse of Cash: How Large-Denomination Bills Aid Crime and Tax Evasion and Constrain Monetary Policy Kenneth S. Rogoff
  44. Blue Ocean Strategy W. Chan Kim

Veldu áskrift

  • Yfir 900.000 hljóð- og rafbækur

  • Yfir 400 titlar frá Storytel Original

  • Barnvænt viðmót með Kids Mode

  • Vistaðu bækurnar fyrir ferðalögin

Vinsælast

Unlimited

Besti valkosturinn fyrir einn notanda

3290 kr /mánuði
3 dagar frítt
  • 1 aðgangur

  • Ótakmörkuð hlustun

  • Yfir 900.000 hljóð- og rafbækur

  • Engin skuldbinding

  • Getur sagt upp hvenær sem er

Prófaðu frítt

Family

Fyrir þau sem vilja deila sögum með fjölskyldu og vinum.

Frá 3990 kr/mánuði
3 dagar frítt
  • 2-6 aðgangar

  • 100 klst/mán fyrir hvern aðgang

  • Yfir 900.000 hljóð- og rafbækur

  • ‎Engin skuldbinding

  • Getur sagt upp hvenær sem er

2 aðgangar

3990 kr /á mánuði
Prófaðu frítt