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Search Theory and Unemployment (Recent Economic Thought)
 
 
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Search Theory and Unemployment (Recent Economic Thought) [Hardcover]

Stephen A. Woodbury (Editor), Carl Davidson (Editor)

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Book Description

140207333X 978-1402073335 January 31, 2003 1
Search Theory and Unemployment contains nine chapters that survey and extend the theory of job search and its application to the problem of unemployment. The volume ranges from surveys of job search theory that take microeconomic and macroeconomic perspectives to original theoretical contributions which focus on the externalities arising from non-sequential search and search under imperfect information. It includes a clear and authoritative survey of econometric methods that have been developed to estimate models of job search, as well as two lucid contributions to the empirical search literature. Finally, it includes a study that reviews and extends the literature on optimal unemployment insurance and concludes with an appraisal of the influence of search theory on the thinking of macroeconomic policymakers.

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Inside This Book (learn more)
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
job destruction effects, theoretical search models, optimal replacement rate, wage determination schemes, equilibrium reservation wage, nonsequential search, entitlement effect, structural search model, equilibrium wage distribution, optimal unemployment insurance, accepted wage offers, benefit exhaustion, labor market search, search externalities, optimal reservation wage, equilibrium search models, exhaustion approaches, wage offer distribution, search cost function, job search theory, reemployment probabilities, sequential search model, reemployment probability, reemployment bonus, remaining entitlement
Key Phrases - Capitalized Phrases (CAPs): (learn more)
United States, Journal of Political Economy, American Economic Review, Review of Economic Studies, Search Equilibrium, Journal of Labor Economics, Economic Report, Journal of Econometrics, New York, United Kingdom, Journal of Public Economics, Upjohn Institute, Journal of Economic Theory, Peter Diamond, Quarterly Journal of Economics, Cambridge University Press, Economic Journal, Equilibrium Price Dispersion, Journal of Applied Econometrics, Week Figure, Brookings Papers, Dale Mortensen, Jobs Study, Model of Price Adjustment, Theory of Involuntary Unemployment
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