Unemployment, Choice and Inequality

Specificaties
Paperback, blz. | Engels
Springer Berlin Heidelberg | 0e druk, 2011
ISBN13: 9783642705496
Rubricering
Springer Berlin Heidelberg 0e druk, 2011 9783642705496
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

This monograph began as a study of the consequences of labor force effects, in­ cluding unemployment, for the distribution of earnings. I began by developing a model of job search. But following my previous work on the distribution of earnings, the search theory took a different form from the standard literature. Workers and firms were engaged in mutual search which effectively assigned workers to jobs. A number of open questions immediately became apparent, including the relation bet­ ween unemployment and inequality, the nature and costs of unemployment, and the role of choice. These quickly provided sufficient material for the monograph. I began work on the project in 1980 at Miami University of Ohio. I wish to thank my chairman there, William McKinstry, for the support I received during my last year there. My colleagues Donald Cymrot and James Moser provided some early com­ ments on the project and I am indebted to Joseph Simpson for extensive computer assistance.

Specificaties

ISBN13:9783642705496
Taal:Engels
Bindwijze:paperback
Uitgever:Springer Berlin Heidelberg
Druk:0

Inhoudsopgave

1. Introduction.- 1. Subject Matter.- 2. Previous Work.- 3. Choice in Labor Markets.- 4. Outline of Remaining Chapters.- 2. Search in Labor Markets.- 1. Introduction.- 2. Worker Search Behavior.- 3. Impacts of Labor Market Conditions.- 4. Extensions.- 5. Distributions of Workers and Jobs.- 6. Behavior of the firm.- 7. Summary.- 3. The Valuation of Unemployment.- 1. Introduction.- 2. Alternative Valuations.- 3. Previous Estimates.- 4. Direct Estimates.- 5. Aggregate Approach.- 6. Labor Force Participation Approach.- 7. Cross-Section Estimates.- 8. General Conclusions.- Appendix: Data Sources.- 4. The Distribution of Employment.- 1. Introduction.- 2. Previous Work.- 3. Sources of Inequality.- 4. Distribution of the Time Spent Unemployed.- 5. Employment Inequality.- 6. Heterogeneous Transition Rates.- 7. Conclusions.- 5. The Distribution of Wage Rates.- 1. Introduction.- 2. Truncated Wage Offer Distributions.- 3. Accepted Wage Distribution.- 4. The Contribution of Choice.- 5. The Source of Wage Rate Dispersion.- 6. Summary.- 6. Inequality.- 1. Introduction.- 2. Statistical Relations.- 3. Observed Earnings Inequality.- 4. The Role of Choice and Uncertain Outcomes.- 5. Unemployment-Compensated Wage Rates.- 6. Inequality by Source.- 7. Summary.- 7. The Operation of Labor Markets.- 1. Introduction.- 2. Dual Labor Markets.- 3. The Business Cycle.- 4. Wage Rigidity, Wage Resistance and the Aggregate Supply Curve.- 8. Chronic Underemployment and Regression Towards the Mean.- 1. Introduction.- 2. Advantageous Trades and the Economic Role of Unemployment.- 3. Definition of Underemployment.- 4. Tests for Underemployment.- 5. Regression Towards the Mean.- 6. Chronic Underemployment.- 7. Comparison with Previous Theories.- 9. Summary.- 1. Ten Theoretical Conclusions.- 2. Ten Empirical Results.- 3. Six Remaining Tasks.- 4. Three New Directions.- References.- Author Index.

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        Unemployment, Choice and Inequality