“pissarides”

An equilibrium theory of unemployment assumes that firms and workers maximize their payoffs under rational expectations and that wages are determined to exploit the private gains from trade. This book focuses on the modeling of the transitions in and out of unemployment, given the stochastic process... More

"The NBER International Seminar on Macroeconomics" brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. An international companion to the more American-focused "NBER Macroeconomics Annual," the 2005 volume first explores macroe... More

Covering employment and wage gender gaps, participation of women, fertility, and the welfare of children, this insightful volume considers the trend towards greater participation of women in labour markets. It addresses the trade-offs involved in increasing participation of women in paid employment,... More