This lecture provides a general framework for analysing unemployment. For inflation to be stable, there must be sufficient unemployment to prevent 'target real wages' exceeding 'feasible real wages'. Target real wages depend on bargaining systems, benefit systems, labour market policies and...

The Handbook brings together a systematic review of the research topics, empirical findings, and methods that comprise modern labor economics. It serves as an introduction to what has been done in this field, while at the same time indicating possible future trends which will be important in...