Labor Economics

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Chapter 9

Equilibrium Unemployment

In this chapter we will:

  • See that during the last 40 years, the industrialized countries have evolved in very different directions with respect to unemployment
  • Observe the magnitude of job creation, job destruction, and worker flows
  • Discover the meaning and the importance of the Beveridge curve
  • Analyze the functioning of the labor market as a matching process between vacant jobs and job seekers
  • Think about the efficiency of a labor market with trading externalities
  • Analyze the dynamics of vacancies and unemployment

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Graphics of the chapter

Reproducing the figures and the main results

Chapter 9 figures

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Teaching slides

  • Presentation Title
  • author
  • Creation date
    • Equilibrium unemployment
    • Pierre Cahuc, Stéphane Carcillo, André Zylberberg
    • 12/08/2014