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What labor market theory tells us about the \"New Economy\"

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  • Paul Gomme

Abstract

An investigation of whether economic theory supports the claim that a technology shock can change the \"natural rate of unemployment.\"

Suggested Citation

  • Paul Gomme, 1998. "What labor market theory tells us about the \"New Economy\"," Economic Review, Federal Reserve Bank of Cleveland, vol. 34(Q III), pages 16-24.
    • Handle: RePEc:fip:fedcer:y:1998:i:qiii:p:16-24:n:v.34no.3
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    References listed on IDEAS

    as
    1. Jovanovic, Boyan, 1979. "Job Matching and the Theory of Turnover," Journal of Political Economy, University of Chicago Press, vol. 87(5), pages 972-990, October.
    2. Lucas, Robert Jr. & Prescott, Edward C., 1974. "Equilibrium search and unemployment," Journal of Economic Theory, Elsevier, vol. 7(2), pages 188-209, February.
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    Cited by:

    1. Bharat Trehan, 2001. "Unemployment and productivity," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue oct12.
    2. Robert W. Rich & Donald Rissmiller, 2001. "Structural change in U.S. wage determination," Staff Reports 117, Federal Reserve Bank of New York.

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