Unemployment and Macroeconomics
AbstractAssar 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. While Lindbeck's approach is primarily macroeconomic, it is based on microfoundations, including an analysis of the microeconomic incentives and opportunities for unemployed workers. He also raises issues of hiring and firing, the market power of incumbent workers, the design of unemployment benefit systems, the organization of wage bargaining, labor market training, and exchange systems, and public sector employment programs.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoThis book is provided by The MIT Press in its series MIT Press Books with number 0262121751 and published in 1993.
Contact details of provider:
Web page: http://mitpress.mit.edu
Find related papers by JEL classification:
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
This item has more than 25 citations. To prevent cluttering this page, these citations are listed on a separate page. reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jake Furbush).
If references are entirely missing, you can add them using this form.