[PDF] The Phillips Curve And Labor Markets eBook

Author : Ingrid H. Rima
Publisher : Routledge
Page : 414 pages
File Size : 23,32 MB
Release : 2015-05-20
Category : Business & Economics
ISBN : 1317466616

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This introductory text on labour economics covers topics such as: the shift in America from a manufacturing-based economy to a service economy; the changes in the economic conditions in the US; the implications of NAFTA and GATT; and the labour markets.

Author : MichaelJ. Piore
Publisher : Routledge
Page : 433 pages
File Size : 15,26 MB
Release : 2017-07-05
Category : Business & Economics
ISBN : 1351537903

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Originally published in 1979, this reader presents an industrialist view of the labour market and economics as they stood at the time in the United States. The essays collated aim to answer macroeconomic questions on this topic as well as exploring issues related closely to employment and inflation. This title will be of interest to students of business and economics.

Author : Randall E. Eberts
Publisher : Routledge
Page : 166 pages
File Size : 40,48 MB
Release : 2019-07-26
Category : Business & Economics
ISBN : 1315488558

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During much of the 1980s, US wage growth has been unexpectedly slow in the face of relatively low unemployment rates and high capacity utilization rates. This collection of papers resulting from the Wage Structure Conference held by the Federal Research Bank of Cleveland, November 1989, helps explain labour market behaviour in that period. The contributors - academic and research economists in labour economics - provide a comprehensive assessment of the current state of the wage-setting process in the US labour market.

Author : Joyce Jacobsen
Publisher : John Wiley & Sons
Page : 586 pages
File Size : 19,31 MB
Release : 2008-04-15
Category : Business & Economics
ISBN : 1405142308

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This innovative text grounds the economic analysis of labor markets and employment relationships in a unified theoretical treatment of labor exchange conditions. In addition to providing thorough coverage of standard topics including labor supply and demand, human capital theory, and compensating wage differentials, the text draws on game theory and the economics of information to study the implications of key departures from perfectly competitive labor market conditions. Analytical results are consistently applied to contemporary policy issues and empirical debates. Provides a coherent theoretical framework for the analysis of labor market phenomena Features graphical in-chapter analysis supplemented by technical material in appendices Incorporates numerous end-of-chapter questions that engage the analysis and anticipate subsequent results Includes innovative chapters on employee compensation methods, market segmentation, income inequality and labor market dynamics Balances theoretical, empirical and policy analysis

Author : Laurence M. Ball
Publisher : International Monetary Fund
Page : 36 pages
File Size : 18,75 MB
Release : 2015-02-25
Category : Business & Economics
ISBN : 1498321070

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This paper examines the recent behavior of core inflation in the United States. We specify a simple Phillips curve based on the assumptions that inflation expectations are fully anchored at the Federal Reserve’s target, and that labor-market slack is captured by the level of shortterm unemployment. This equation explains inflation behavior since 2000, including the failure of high total unemployment since 2008 to reduce inflation greatly. The fit of our equation is especially good when we measure core inflation with the Cleveland Fed’s series on weighted median inflation. We also propose a more general Phillips curve in which core inflation depends on short-term unemployment and on expected inflation as measured by the Survey of Professional Forecasters. This specification fits U.S. inflation since 1985, including both the anchored-expectations period of the 2000s and the preceding period when expectations were determined by past levels of inflation.