資源描述：
《Chapter 17 Labor-market frictions and employment fluctuations》由會員上傳分享，免費(fèi)在線閱讀，更多相關(guān)內(nèi)容在學(xué)術(shù)論文-天天文庫。
1、Chapter17LABOR-MARKETFRICTIONSANDEMPLOYMENTFLUCTUATIONSROBERTE.HALLHooverInstitutionandDepartmentofEconomics,StanfordUniversityNationalBureauofEconomicResearchContentsAbstract1138Keywords11381.Introduction11392.Thebaselineneoclassicalmodel11402.1.Failureofamplificationinthebaselin
2、eneoclassicalmodel11412.2.Evidenceabouttechnologyimpulses11412.3.Failureofthebaselineneoclassicalmodeltoexplainpersistence11422.4.Absenceofunemploymentfromthebaselineneoclassicalmodel11433.Amplification11453.1.Elasticconventionallaborsupply11453.2,Empiricalresearch11483,3.Unemploy
3、ment11503.3.1.Mechanismdesignandlaborcontracts11543.3.2.Themodemstrategicviewoftheemploymentrelationship11573,3,3.Efficiencywages11573.3.4.Jobdestruction11583.3.5.Reorganizationandreallocation11604.Persistence11624.1.Time-consumingmatchinginthelabormarket11624.2.Theimportanceofsec
4、ondaryjoblossforpersistence11635.Conclusion1167Acknowledgments1167References1167HandbookofMacroeconomics,Volume1,EditedbyJ.B.TaylorandM.Woodford?1999ElsevierScienceB.V.Allrightsreserved11371138R.E.HallAbstractThelabormarketoccupiescenterstageinmoderntheoriesoffluctuations.Themosti
5、mportantphenomenontoexplainandunderstandinarecessionisthesharpdeclineinemploymentandjumpinunemployment.Thischapterconsidersexplanationsbasedonfrictionsinthelabormarket.Earlierresearchwithintherealbusinesscycleparadigmconsideredfrictionlesslabormarketswherefluctuationsinthevolumeof
6、workeffortrepresentedsubstitutionbyhouseholdsbetweenworkinthemarketandactivitiesathome.Apreliminarysectionofthechapterdiscusseswhyfrictionlessmodelsareincomplete-theyfailtoaccountforeitherthemagnitudeorpersistenceoffluctuationsinemployment.Andthefrictionlessmodelsfailcompletelytod
7、escribeunemployment.Theevidencesuggestsstronglythatconsiderationofunemploymentasathirduseoftimeiscriticalforarealisticmodel.Thetwoelementsofatheoryofunemploymentareamechanismforworkerstoloseorleavetheirjobsandanexplanationforthetimerequiredfromthemtofindnewjobs.Theoriesofmechanism
8、designorofcontinuousre-bargaining
