Job Matching, Wage Dispersion, and Unemployment
Series: IZA Prize in Labor Economics;
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Product details:
- Publisher OUP Oxford
- Date of Publication 28 April 2011
- ISBN 9780199233786
- Binding Hardback
- No. of pages218 pages
- Size 224x152x21 mm
- Weight 404 g
- Language English
- Illustrations 13 Figures, 6 Tables 0
Categories
Short description:
A selection of key papers from the winners of the Nobel Memorial Prize 2010. It features their most important work on unemployment, labour market dynamics, and the equilibrium search model.
MoreLong description:
Dale T. Mortensen and Christopher A. Pissarides are the recipients (with Peter Diamond) of the Nobel memorial Prize in Economics 2010. They have made path-breaking contributions to the analysis of markets with search and matching frictions, which account for much of the success of job search theory and the flows approach in becoming a leading tool for microeconomic and macroeconomic analysis of labor markets. Both scientists have gained groundbreaking insights through individual as well as joint research. Consequently, this volume not only features several papers which helped shape the equilibrium search model, including some early contributions which have initiated the research on what is known today as the search and matching model of the labor market, but it also presents a joint paper by the IZA Prize Laureates, which is a complete statement of the equilibrium search and matching model with endogenous job creation and job destruction. As part of the IZA Prize Series, the book presents a selection of their most important work which has highly enriched research on unemployment as an equilibrium phenomenon, on labor market dynamics, and on cyclical adjustment.
MoreTable of Contents:
Introduction by the Editors: Mortensen & Pissarides: Job Creation and Job Destruction in the Theory of Unemployment
Introduction: The Flow View of the Labor Market
The Matching Process as a Noncooperative Bargaining Game
Short-Run Equilibrium Dynamics of Unemployment, Vacancies, and Real Wages
Unemployment and Vacancies in Britain
Job Creation and Job Destruction in the Theory of Unemployment
Equilibrium Wage Distributions: A Synthesis
