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Home > Business and Economics > Economics > Labour / income economics > Unemployment and Macroeconomics: (Ohlin Lectures)
Unemployment and Macroeconomics: (Ohlin Lectures)

Unemployment and Macroeconomics: (Ohlin Lectures)


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About the Book

Assar Lindbeck demonstrates how macroeconomic analysis can incorporate a labour market characterized by unemployment. Balancing theoretical insights with lessons drawn from the experience of many countries, Lindbeck examines employment and unemployment against the background of developed market economies during the past century. Using the insider-outsider model of unemployment and incorporating discussions of other approaches for comparison, Lindbeck addresses such questions as why unemployment exists, and how aggregate employment and unemployment are determined; what initial impulses or "shocks" precipitate changes in the levels of aggregate employment and unemployment, and how these are transmitted to the labour market; and how the apparent persistence of unemployment can be explained even when the initial shocks are reversed. Lindbeck draws policy conclusions from this analysis that include power-reducing and enfranchizing policies as well as other institutional reforms. While Linbeck's approach is primarily macroeconomic, it is based on microfoundations, including an analysis of the microeconomic incentives and opportunities for unemployed workers. He also raises issues of hiring and firing, the market power of incumbent workers, the design of unemployment benefit systems, the organization of wage bargaining, labour market training, exchange systems and public sector employment programmes.

About the Author :
Assar Lindbeck is Professor and Director of the Institute for International Economic Studies at the University of Stockholm in Sweden.


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Product Details
  • ISBN-13: 9780262121750
  • Publisher: MIT Press Ltd
  • Publisher Imprint: MIT Press
  • Height: 206 mm
  • Returnable: Y
  • Spine Width: 17 mm
  • Width: 142 mm
  • ISBN-10: 0262121751
  • Publisher Date: 06 May 1993
  • Binding: Hardback
  • Language: English
  • Series Title: Ohlin Lectures
  • Weight: 385 gr


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