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Modelling the Labour Market

  • Book
  • © 1988

Overview

Editors:
  1. Michael Beenstock

    1. Lady Davos Professor of Economics, Hebrew University, Jerusalem, Israel

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Part of the book series: International Studies in Economic Modelling (ISIM)

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Table of contents (7 chapters)

  1. Front Matter

    Pages i-xii
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  2. The labour market: theory and experience

    • Christopher Bliss
    Pages 1-23

  3. Some formal models of the aggregate labour market

    • Martyn Andrews
    Pages 25-48

  4. The disequilibrium approach to modelling the labour market

    • Stephen Hall, Brian Henry
    Pages 49-69

  5. A neoclassical model of the UK labour market

    • Michael Beenstock, Peter Warburton
    Pages 71-104

  6. A new classical model of the labour market

    • Patrick Minford
    Pages 105-144

  7. Imperfect competition and the labour market

    • Stephen Nickell
    Pages 145-167

  8. An international perspective

    • Martyn Andrews
    Pages 169-197

  9. Back Matter

    Pages 199-206
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Keywords

About this book

It is generally agreed that the operation of the labour market lies at the heart of macroeconomic activity. Following Keynes' attack on the postulates of the classics in The General Theory a number of labour market paradigms have been proposed including the Phillips curve, new classical and union bargaining models. These paradigms usually form the centrepiece of any good text on macroeconomic theory. Our purpose in this volume is not to restate these paradigms but to explore the extent to which they might be empirically modelled. To this end the volume includes a set of econometric models of the UK labour market where each contribution relates very closely to one of the principal paradigms. The purpose of this collection is threefold. First and foremost we wanted to present an integrated set of case studies in applied econometrics with reference to labour market modelling. In doing so we hope the volume will appeal to third year undergraduates and postgraduate students studying applied econometrics and labour economics. Secondly, the contributions have been carefully selected to illustrate the main paradigms since each contribution is intellectually self­ contained. It is arguable that this may be disadvantageous as far as the truth is concerned if eclecticism is preferable. On the other hand it has pedagogic advantages in drawing sharp distinctions between the various approaches.

Editors and Affiliations

  • Lady Davos Professor of Economics, Hebrew University, Jerusalem, Israel

    Michael Beenstock

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