أعرض تسجيلة المادة بشكل مبسط

dc.creator Karanassou, Marika
dc.creator Sala, Héctor
dc.creator Snower, Dennis J.
dc.date 2007
dc.date.accessioned 2013-10-16T06:05:38Z
dc.date.available 2013-10-16T06:05:38Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/4074
dc.identifier ppn:546717292
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/4074
dc.description We distinguish and assess three fundamental views of the labor market regarding the movements in unemployment: (i) the frictionless equilibrium view; (ii) the chain reaction theory, or prolonged adjustment view; and (iii) the hysteresis view. While the frictionless view implies a clear compartmentalization between the short- and long-run, the hysteresis view implies that all the short-run fluctuations automatically turn into long-run changes in the unemployment rate. We assert the problems faced by these conceptions in explaining the diversity of labor market experiences across the OECD labor markets. We argue that the prolonged adjustment view can overcome these problems since it implies that the short, medium, and long runs are interrelated, merging with one another along an intertemporal continuum.
dc.language eng
dc.publisher Kiel Institute for the World Economy (IfW) Kiel
dc.relation Kieler Arbeitspapiere 1378
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject E22
dc.subject E24
dc.subject J21
dc.subject J30
dc.subject ddc:330
dc.subject Unemployment
dc.subject Interactive labor market dynamics
dc.subject Interplay of lags and shocks
dc.subject Frictional growth
dc.subject Growth drivers
dc.subject Theorie der Arbeitslosigkeit
dc.subject Arbeitsmarkt
dc.subject Theorie
dc.subject OECD-Staaten
dc.title The macroeconomics of the labor market: Three fundamental views
dc.type doc-type:workingPaper


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أعرض تسجيلة المادة بشكل مبسط