The economic performance of a national economy, as shown by indicators such as the rate of unemployment and inflation, is heavily dependent on the operation of

This book discusses the institutional aspects of the American labor market. The introduction assesses the major changes since 1971.

Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Sh

They make significant progress on three fronts: first, they suggest that the determinants of employer policy are both complex and strongly related to product ma

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