Equilibrium Unemployment Theory

Amar K. Parai, Christopher A. Pissarides

1991-10-01articleSouthern Economic Journal3,194 citationsclosed

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Economic theories and models Labor market dynamics and wage inequality Economic Theory and Policy

Abstract

Part 1 Unemployment in the model of balanced growth: the labour market long-run equilibrium and balanced growth adjustment dynamics. Part 2 further ananlysis of the labour market: search intensity and job advertising.

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