| Unemployment in Open Economies: A Search Theoretic Analysis Softcover Repri Edition Contributor(s): Weiß, Pia (Author) |
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ISBN: 3540411615 ISBN-13: 9783540411611 Publisher: Springer OUR PRICE: $52.24 Product Type: Paperback Published: November 2000 Annotation: Unemployment in Open Economies studies how domestic labour markets are influenced by a changing international environment. It combines the recently developed search and matching models with standard models of international trade. By this method, the reader gains new insights in the ongoing debate on how globalisation can affect unemployment. The author develops a collection of models showing that globalisation can be one reason for long-known and well-documented phenomenons on the labour market. She puts emphasis on country differences by studying the role of individual risk behavior and the wage setting on the unemployment level. |
| Additional Information |
| BISAC Categories: - Business & Economics | Labor - Business & Economics | Economics - Macroeconomics - Business & Economics | Money & Monetary Policy |
| Dewey: 331.137 |
| LCCN: 00048272 |
| Series: Lecture Notes in Computer Science |
| Physical Information: 0.51" H x 6.14" W x 9.21" (0.76 lbs) 228 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Globalisation is normally associated with expanded international trade in goods and services. In view ofhigh and persistent unemploymentin European countries during the last two decades opponents of globali- sation argue that increased import competition, particularly from low- wage countries, influences the domestic labour markets adversely. How- ever, the advocates of open markets stress that this is a misconception about the impact offoreign trade;their view is that the employment ef- fects depend to a large extent on the degree offlexibility ofthe domestic labour markets. This debate has induced Pia WeiB to examine the unemployment prob- lem in an open economy within a rigorously theoretical framework. The focus is on the mismatch between labour demand andlabour supply. For that purpose, new modelsin labour economics concerningthe searchand matching theory are used. It is shown that an increased competition on the world goods markets leads to an increase inthe industrialised coun- try's unemployment rate only ifthe wages are not fully flexible. At the same time, it is demonstrated that changes on the world markets may help to explain the observed development ofthe unemployment vacancy ratio. The study provides valuable insights which might enrich the subjects taught at undergraduate courses. Scholars interested in the interaction of foreign trade and employment may find in the study suggestions for future research. The research forthis studyhasbeenundertakenatthe Institutfur Wirt- VIII Preface schaftspolitik (Institute of Political Economy), University of Cologne. |