The contributors explore the reasons why involuntary unemployment happens when supply equals demand.

Known for his seminal work in efficiency-wage theory, Andrew Weiss surveys recent research in the field and presents new results. He shows how wage schedules af

A collection of papers which analyzes and measures unemployment as a search activity, discusses efficiency wage models and which considers the impact of governm

The paper analyzes the role of labor market segmentation and relative wage rigidity in the transmission process of macroeconomic shocks in a two-sector optimizi