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Theory Ahead of Language in the Economics of Unemployment

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  • Richard Rogerson

Abstract

This paper discusses, from the perspective of modern theories of unemployment, several unemployment concepts that have been used over the years. It argues that many of these concepts are of limited value and are dominated by a few simple concepts that are basic in the analysis of stochastic general equilibrium models.

Suggested Citation

  • Richard Rogerson, 1997. "Theory Ahead of Language in the Economics of Unemployment," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 73-92, Winter.
    • Handle: RePEc:aea:jecper:v:11:y:1997:i:1:p:73-92
    Note: DOI: 10.1257/jep.11.1.73
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    File URL: http://www.aeaweb.org/articles.php?doi=10.1257/jep.11.1.73
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    More about this item

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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