Labor Markets and Business Cycles - CREI Lectures in Macroeconomics - Robert Shimer - Books - Princeton University Press - 9780691140223 - May 2, 2010
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Robert Shimer
Labor Markets and Business Cycles - CREI Lectures in Macroeconomics

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Shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. This book focuses on the labor wedge that arises when the marginal rate of substitution between consumption and leisure does not equal the marginal product of labor.

192 pages, 14 line illus. 16 tables.

Media Books     Hardcover Book   (Book with hard spine and cover)
Released May 2, 2010
ISBN13 9780691140223
Publishers Princeton University Press
Pages 192
Dimensions 166 × 240 × 23 mm   ·   442 g
Language English  

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