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The unemployment crisis

Abstract:

An updated version of the overview section of Unemployment: Macroeconomic Performance and the Labour Market (1991), which provides the main arguments and findings of the larger work. Develops a framework that explains both the stock of unemployed people and the flows into and out of unemployment as well as the evolution of wage and price inflation; allows for union bargaining, efficiency wages, unemployment insurance, labor mobility, and many other influences; and provides an explanation of m...

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Publication date:
1994-01-01
URN:
uuid:63ade273-869c-4f72-92cf-f02f875a766c
Local pid:
oai:economics.ouls.ox.ac.uk:9484
Language:
English

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