Unemployment__Real_Wages Olivier Blanchard * February 1998 The following model of unemployment is as basic as it gets. But it allows to dis- cuss various conceptual and semantic issues, to think about the effects of various shocks, and get...
Unemp,_Cap_Accum__Real_Wages Olivier Blanchard * February 1998 The purpose of this second model is to provide a way of interpreting the joint evolutions of employment and capital, real wages, and real interest rates. It im- proves upon the...
The_Wage_Equation Olivier Blanchard * April 1998 A central equation in the models we have used so far has been the wage relation, the relation between the wage set in bargaining between firms and workers, and labor market conditions. The p...
The_Plight_of_the_Long_Term_Unemployed Olivier Blanchard * February 1996 The long term unemployed have a harder time finding jobs than the short term unemployed: their exit rate to employment is lower than that of the short term unemployed...
Technology_change,_productivity_growth,_and_unemployment Olivier Blanchard * April 1998 The fourth factor often mentioned in discussions of European unemployment is the slowdown in productivity growth that has affected nearly all OECD coun...
Relative_Demand_Shifts_and_Unemployment Olivier Blanchard * April 1998 The third factor often mentioned in discussions of European unemployment is relative demand shifk. The basic argument is the following: Everywhere in the OECD, there ha...
Flows,_Bargaining__Unemployment Olivier Blanchard February 1998 This third model takes as its starting point that the labor market is a decentralized market, with large flows in and out of jobs, and decentralized wage bargain-ing. The purp...
Employment_protection__unemployment March 1998 The second factor often mentioned in discussions of European unemployment is employment protection (the first, unernploymenr benefits, was the topic of the previous note). Employment protectio...
DEVELOPMENT ECONOMICS-INFRAMARGINAL VERSUS MARGINAL ANALYSES Preface The core of classical mainstream economics represented by William Petty and Adam Smith was development economics. The classical development economics differed from neocla...
Economic Growth and Income Inequality For such a distribution of mature expenditure units by secular levels of income per capita, w3 should measure shares of some fixed ordinal groups-percentiles, deci.es, quintiles, etc. In the underlying...
