Labor Markets and Business Cycles:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Princeton, N.J.
Princeton University Press
2010
|
| Schriftenreihe: | CREI Lectures in Macroeconomics
|
| Schlagworte: | |
| Online-Zugang: | Volltext Volltext |
| Beschreibung: | Main description: Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The 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. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research |
| Beschreibung: | 1 Online-Ressource (192 S.) |
| ISBN: | 9781400835232 |
| DOI: | 10.1515/9781400835232 |
Internformat
MARC
| LEADER | 00000nmm a2200000zc 4500 | ||
|---|---|---|---|
| 001 | BV042522700 | ||
| 003 | DE-604 | ||
| 005 | 00000000000000.0 | ||
| 007 | cr|uuu---uuuuu | ||
| 008 | 150423s2010 |||| o||u| ||||||eng d | ||
| 020 | |a 9781400835232 |9 978-1-4008-3523-2 | ||
| 024 | 7 | |a 10.1515/9781400835232 |2 doi | |
| 035 | |a (OCoLC)909609556 | ||
| 035 | |a (DE-599)BVBBV042522700 | ||
| 040 | |a DE-604 |b ger |e aacr | ||
| 041 | 0 | |a eng | |
| 100 | 1 | |a Shimer, Robert |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Labor Markets and Business Cycles |
| 264 | 1 | |a Princeton, N.J. |b Princeton University Press |c 2010 | |
| 300 | |a 1 Online-Ressource (192 S.) | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b c |2 rdamedia | ||
| 338 | |b cr |2 rdacarrier | ||
| 490 | 0 | |a CREI Lectures in Macroeconomics | |
| 500 | |a Main description: Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The 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. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research | ||
| 650 | 0 | 7 | |a Arbeitsmarkt |0 (DE-588)4002733-8 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Beschäftigungstheorie |0 (DE-588)4127364-3 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Konjunkturschwankung |0 (DE-588)4114270-6 |2 gnd |9 rswk-swf |
| 650 | 0 | 7 | |a Konjunkturtheorie |0 (DE-588)4125557-4 |2 gnd |9 rswk-swf |
| 689 | 0 | 0 | |a Arbeitsmarkt |0 (DE-588)4002733-8 |D s |
| 689 | 0 | 1 | |a Konjunkturschwankung |0 (DE-588)4114270-6 |D s |
| 689 | 0 | 2 | |a Beschäftigungstheorie |0 (DE-588)4127364-3 |D s |
| 689 | 0 | |8 1\p |5 DE-604 | |
| 689 | 1 | 0 | |a Arbeitsmarkt |0 (DE-588)4002733-8 |D s |
| 689 | 1 | 1 | |a Konjunkturschwankung |0 (DE-588)4114270-6 |D s |
| 689 | 1 | 2 | |a Konjunkturtheorie |0 (DE-588)4125557-4 |D s |
| 689 | 1 | |8 2\p |5 DE-604 | |
| 856 | 4 | 0 | |u https://doi.org/10.1515/9781400835232 |x Verlag |3 Volltext |
| 856 | 4 | 0 | |u http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400835232&searchTitles=true |x Verlag |3 Volltext |
| 912 | |a ZDB-23-DGG | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-027957039 | ||
| 883 | 1 | |8 1\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
| 883 | 1 | |8 2\p |a cgwrk |d 20201028 |q DE-101 |u https://d-nb.info/provenance/plan#cgwrk | |
Datensatz im Suchindex
| _version_ | 1804153275726954496 |
|---|---|
| any_adam_object | |
| author | Shimer, Robert |
| author_facet | Shimer, Robert |
| author_role | aut |
| author_sort | Shimer, Robert |
| author_variant | r s rs |
| building | Verbundindex |
| bvnumber | BV042522700 |
| collection | ZDB-23-DGG |
| ctrlnum | (OCoLC)909609556 (DE-599)BVBBV042522700 |
| doi_str_mv | 10.1515/9781400835232 |
| format | Electronic eBook |
| fullrecord | <?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim"><record><leader>03329nmm a2200481zc 4500</leader><controlfield tag="001">BV042522700</controlfield><controlfield tag="003">DE-604</controlfield><controlfield tag="005">00000000000000.0</controlfield><controlfield tag="007">cr|uuu---uuuuu</controlfield><controlfield tag="008">150423s2010 |||| o||u| ||||||eng d</controlfield><datafield tag="020" ind1=" " ind2=" "><subfield code="a">9781400835232</subfield><subfield code="9">978-1-4008-3523-2</subfield></datafield><datafield tag="024" ind1="7" ind2=" "><subfield code="a">10.1515/9781400835232</subfield><subfield code="2">doi</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(OCoLC)909609556</subfield></datafield><datafield tag="035" ind1=" " ind2=" "><subfield code="a">(DE-599)BVBBV042522700</subfield></datafield><datafield tag="040" ind1=" " ind2=" "><subfield code="a">DE-604</subfield><subfield code="b">ger</subfield><subfield code="e">aacr</subfield></datafield><datafield tag="041" ind1="0" ind2=" "><subfield code="a">eng</subfield></datafield><datafield tag="100" ind1="1" ind2=" "><subfield code="a">Shimer, Robert</subfield><subfield code="e">Verfasser</subfield><subfield code="4">aut</subfield></datafield><datafield tag="245" ind1="1" ind2="0"><subfield code="a">Labor Markets and Business Cycles</subfield></datafield><datafield tag="264" ind1=" " ind2="1"><subfield code="a">Princeton, N.J.</subfield><subfield code="b">Princeton University Press</subfield><subfield code="c">2010</subfield></datafield><datafield tag="300" ind1=" " ind2=" "><subfield code="a">1 Online-Ressource (192 S.)</subfield></datafield><datafield tag="336" ind1=" " ind2=" "><subfield code="b">txt</subfield><subfield code="2">rdacontent</subfield></datafield><datafield tag="337" ind1=" " ind2=" "><subfield code="b">c</subfield><subfield code="2">rdamedia</subfield></datafield><datafield tag="338" ind1=" " ind2=" "><subfield code="b">cr</subfield><subfield code="2">rdacarrier</subfield></datafield><datafield tag="490" ind1="0" ind2=" "><subfield code="a">CREI Lectures in Macroeconomics</subfield></datafield><datafield tag="500" ind1=" " ind2=" "><subfield code="a">Main description: Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The 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. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Arbeitsmarkt</subfield><subfield code="0">(DE-588)4002733-8</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Beschäftigungstheorie</subfield><subfield code="0">(DE-588)4127364-3</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Konjunkturschwankung</subfield><subfield code="0">(DE-588)4114270-6</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="650" ind1="0" ind2="7"><subfield code="a">Konjunkturtheorie</subfield><subfield code="0">(DE-588)4125557-4</subfield><subfield code="2">gnd</subfield><subfield code="9">rswk-swf</subfield></datafield><datafield tag="689" ind1="0" ind2="0"><subfield code="a">Arbeitsmarkt</subfield><subfield code="0">(DE-588)4002733-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="1"><subfield code="a">Konjunkturschwankung</subfield><subfield code="0">(DE-588)4114270-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2="2"><subfield code="a">Beschäftigungstheorie</subfield><subfield code="0">(DE-588)4127364-3</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="0" ind2=" "><subfield code="8">1\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="689" ind1="1" ind2="0"><subfield code="a">Arbeitsmarkt</subfield><subfield code="0">(DE-588)4002733-8</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="1"><subfield code="a">Konjunkturschwankung</subfield><subfield code="0">(DE-588)4114270-6</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2="2"><subfield code="a">Konjunkturtheorie</subfield><subfield code="0">(DE-588)4125557-4</subfield><subfield code="D">s</subfield></datafield><datafield tag="689" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="5">DE-604</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">https://doi.org/10.1515/9781400835232</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="856" ind1="4" ind2="0"><subfield code="u">http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400835232&searchTitles=true</subfield><subfield code="x">Verlag</subfield><subfield code="3">Volltext</subfield></datafield><datafield tag="912" ind1=" " ind2=" "><subfield code="a">ZDB-23-DGG</subfield></datafield><datafield tag="999" ind1=" " ind2=" "><subfield code="a">oai:aleph.bib-bvb.de:BVB01-027957039</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">1\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield><datafield tag="883" ind1="1" ind2=" "><subfield code="8">2\p</subfield><subfield code="a">cgwrk</subfield><subfield code="d">20201028</subfield><subfield code="q">DE-101</subfield><subfield code="u">https://d-nb.info/provenance/plan#cgwrk</subfield></datafield></record></collection> |
| id | DE-604.BV042522700 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T01:24:01Z |
| institution | BVB |
| isbn | 9781400835232 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-027957039 |
| oclc_num | 909609556 |
| open_access_boolean | |
| physical | 1 Online-Ressource (192 S.) |
| psigel | ZDB-23-DGG |
| publishDate | 2010 |
| publishDateSearch | 2010 |
| publishDateSort | 2010 |
| publisher | Princeton University Press |
| record_format | marc |
| series2 | CREI Lectures in Macroeconomics |
| spelling | Shimer, Robert Verfasser aut Labor Markets and Business Cycles Princeton, N.J. Princeton University Press 2010 1 Online-Ressource (192 S.) txt rdacontent c rdamedia cr rdacarrier CREI Lectures in Macroeconomics Main description: Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate in business cycles. The 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. According to competitive models of the labor market, the labor wedge should be constant and equal to the labor income tax rate. But in U.S. data, the wedge is strongly countercyclical, making it seem as if recessions are periods when workers are dissuaded from working and firms are dissuaded from hiring because of an increase in the labor income tax rate. When job searches are time consuming and wages are flexible, search frictions--the cost of a job search--act like labor adjustment costs, further exacerbating inconsistencies between the competitive model and data. The book shows that wage rigidities can reconcile the search model with the data, providing a quantitatively more accurate depiction of labor markets, consumption, and investment dynamics. Developing detailed search and matching models, Labor Markets and Business Cycles will be the main reference for those interested in the intersection of labor market dynamics and business cycle research Arbeitsmarkt (DE-588)4002733-8 gnd rswk-swf Beschäftigungstheorie (DE-588)4127364-3 gnd rswk-swf Konjunkturschwankung (DE-588)4114270-6 gnd rswk-swf Konjunkturtheorie (DE-588)4125557-4 gnd rswk-swf Arbeitsmarkt (DE-588)4002733-8 s Konjunkturschwankung (DE-588)4114270-6 s Beschäftigungstheorie (DE-588)4127364-3 s 1\p DE-604 Konjunkturtheorie (DE-588)4125557-4 s 2\p DE-604 https://doi.org/10.1515/9781400835232 Verlag Volltext http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400835232&searchTitles=true Verlag Volltext 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk 2\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
| spellingShingle | Shimer, Robert Labor Markets and Business Cycles Arbeitsmarkt (DE-588)4002733-8 gnd Beschäftigungstheorie (DE-588)4127364-3 gnd Konjunkturschwankung (DE-588)4114270-6 gnd Konjunkturtheorie (DE-588)4125557-4 gnd |
| subject_GND | (DE-588)4002733-8 (DE-588)4127364-3 (DE-588)4114270-6 (DE-588)4125557-4 |
| title | Labor Markets and Business Cycles |
| title_auth | Labor Markets and Business Cycles |
| title_exact_search | Labor Markets and Business Cycles |
| title_full | Labor Markets and Business Cycles |
| title_fullStr | Labor Markets and Business Cycles |
| title_full_unstemmed | Labor Markets and Business Cycles |
| title_short | Labor Markets and Business Cycles |
| title_sort | labor markets and business cycles |
| topic | Arbeitsmarkt (DE-588)4002733-8 gnd Beschäftigungstheorie (DE-588)4127364-3 gnd Konjunkturschwankung (DE-588)4114270-6 gnd Konjunkturtheorie (DE-588)4125557-4 gnd |
| topic_facet | Arbeitsmarkt Beschäftigungstheorie Konjunkturschwankung Konjunkturtheorie |
| url | https://doi.org/10.1515/9781400835232 http://www.degruyter.com/search?f_0=isbnissn&q_0=9781400835232&searchTitles=true |
| work_keys_str_mv | AT shimerrobert labormarketsandbusinesscycles |