Chapter 16 The natural rate of unemployment: Explanation and policy
作者： G.E. Johnson , P.R.G. Layard
DOI: 10.1016/S1573-4463(86)02006-0
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摘要: Publisher Summary This chapter describes unemployment in the long run. It presents time path of United States, Kingdom, and Europe. There is an upward trend for States; but Europe, there has been astonishing growth with rising all one last 15 years. explains why rates are so different groups people society. For example, typically higher young than older people. They also unskilled, blacks, workers certain industries. These differences closely related to turnover groups. To explain unemployment, three main types model constructed. The first these based on supply demand assumes that without government intervention are, run, equal. However, even wage regulation may be excess labor involuntary persist because wage-setting behavior monopsonistic firms or monopolistic unions bargaining between two. Thus, second set models wages by firms, third unions.
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