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Formal Approaches

Joseph E. Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis, and Deepak Nayyar

in Stability with Growth: Macroeconomics, Liberalization and Development

Published in print:
2006
Published Online:
September 2006
ISBN:
9780199288144
eISBN:
9780191603884
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199288143.003.0009
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter discusses advances in formal economic theory by examining how different positions among economists arise from their different assumptions and models. The discussion focuses on ways in ... More


Managerial Control: The Origins of American Segmentalism

Peter A. Swenson

in Capitalists against Markets: The Making of Labor Markets and Welfare States in the United States and Sweden

Published in print:
2002
Published Online:
November 2003
ISBN:
9780195142976
eISBN:
9780199872190
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195142977.003.0003
Subject:
Political Science, American Politics

This chapter begins the historical analysis of welfare state development by tracing the origins of American segmentalism, a pattern of labor market control marked by decentralized industrial ... More


The Political Economy of Labour Market Institutions

Gilles Saint-Paul

Published in print:
2000
Published Online:
November 2003
ISBN:
9780198293323
eISBN:
9780191596841
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198293321.001.0001
Subject:
Economics and Finance, Macro- and Monetary Economics

Most economists think that unemployment is high in Europe because of rigid labour market institutions such as minimum wages, unemployment benefits, and employment protection. The book develops a ... More


Fragmented Markets: Labour

Pranab Bardhan and Christopher Udry

in Development Microeconomics

Published in print:
1999
Published Online:
November 2003
ISBN:
9780198773719
eISBN:
9780191595929
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198773714.003.0004
Subject:
Economics and Finance, Development, Growth, and Environmental

Outlines models that tackle the puzzle of wage rigidity existing under conditions of severe unemployment or underemployment in developing countries. It begins with efficiency wage models of ... More


Nominal Rigidities and Fluctuations

Jean-Pascal Bénassy

in Macroeconomic Theory

Published in print:
2011
Published Online:
April 2015
ISBN:
9780195387711
eISBN:
9780190261405
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:osobl/9780195387711.003.0013
Subject:
Economics and Finance, Macro- and Monetary Economics

This chapter defines the use of the Dynamic Stochastic General Equilibrium (DSGE) models with perfect or imperfect competitions. It states that the solution to fluctuations brought by demand shocks ... More


Traditional Topics

Stefan Homburg

in A Study in Monetary Macroeconomics

Published in print:
2017
Published Online:
August 2017
ISBN:
9780198807537
eISBN:
9780191845451
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198807537.003.0003
Subject:
Economics and Finance, Macro- and Monetary Economics

Chapter 3 covers traditional topics of monetary macroeconomics. To acquaint readers with the present methods, it starts with conversant material, such as superneutrality of money, the Tobin effect, ... More


On-the-Job Search in a Labor Market Model: Ex Ante Choices and Ex Post Outcomes

Gary S. Fields

in Employment and Development: How Work Can Lead From and Into Poverty

Published in print:
2018
Published Online:
February 2019
ISBN:
9780198815501
eISBN:
9780191853166
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/oso/9780198815501.003.0007
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter builds a multi-sector labor market model including wage dualism, open unemployment, underemployment, on-the-job search, and expected wage equalization. The innovative feature of this ... More


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