Unemployment and Macroeconomics.
This paper discusses some issues in the theory of unemployment; proposes a framework for the analysis of unemployment; and applies the framework to the analysis of the rise in unemployment in Britain after 1979. The framework is based on bilateral monopoly in the labor market and the explanation for the rise in unemployment in Britain rests primarily with a demand-side shock, which caused the rise in 1980-81, and supply-side persistence, which has kept unemployment up since then. Copyright 1989 by The London School of Economics and Political Science.
Year of publication: |
1989
|
---|---|
Authors: | Pissarides, Christopher A |
Published in: |
Economica. - London School of Economics (LSE). - Vol. 56.1989, 221, p. 1-14
|
Publisher: |
London School of Economics (LSE) |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
The Role of Relative Wages and Excess Demand in the Sectoral Flow of Labour.
Pissarides, Christopher A, (1978)
-
Efficiency Aspects of the Financing of Unemployment Insurance and Other Government Expenditure.
Pissarides, Christopher A, (1983)
-
Policy Influences on Unemployment: The European Experience.
Pissarides, Christopher A, (1999)
- More ...