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Are labor markets in higher-income countries more meritocratic, in the sense that worker-job matching is based on skills rather than idiosyncratic attributes unrelated to productivity? If so, why? And what are the aggregate consequences? Using internationally comparable data on worker skills and...
Persistent link: https://www.econbiz.de/10014528414
explaining unemployment and the fragmentation of labour …
Persistent link: https://www.econbiz.de/10014473854
remained employed (but absent from work) versus unemployed or left the labor force. The authors find large employment decreases …
Persistent link: https://www.econbiz.de/10015094871
business cycle and growth /Pedro Leão --A Keynesian model of unemployment and growth : theory /John Cornwall --A Keynesian … model of unemployment and growth : an empirical test /Wendy Cornwall --The relevance of the Cambridge …
Persistent link: https://www.econbiz.de/10012420046
), 'A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination, and Keynesian Unemployment …
Persistent link: https://www.econbiz.de/10011852242
Persistent link: https://www.econbiz.de/10011850791
The maintenance of financial stability is a key objective of monetary policy, but the record of regulators in achieving this has been lamentable in recent years. This failure has been matched by an equivalent inability to establish an appropriate theoretical basis for financial regulation. In...
Persistent link: https://www.econbiz.de/10014474042
We introduce a new database of historical Genuine Savings (GS), an indicator of sustainable development promoted by the World Bank and widely used in contemporary economic research. GS derives from the theoretical work on wealth accounting, and addresses shortcomings in conventional metrics of...
Persistent link: https://www.econbiz.de/10014250172
unemployment over the last 150 years and argue that the shift from involuntary to 'natural rate' conceptions of unemployment since … unemployment and the Phillips curve ; The Phillips curve and shifting views on unemployment ; The troublesome NAIRU: the hoax that … undermined full employment -- Full employment abandoned: shifting sands and policy failures. The shift to full employability …
Persistent link: https://www.econbiz.de/10011851543
This valuable and engaging new book bears eloquent testimony to A.P. Thirlwall's substantial contribution to economics over the last 40 years. The volume does not attempt to provide a comprehensive review of such a prolific figure, but rather demonstrates the considerable influence that his work...
Persistent link: https://www.econbiz.de/10011850558