chapter 16 unemployment: search and efficiency wages
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Chapter 16
Unemployment: Search and Efficiency Wages
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Figure 16.1 The U.S. Unemployment Rate, 1948–2003
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Figure 16.2 Deviations from Trend in the Unemployment Rate and Percentage Deviations from Trend in Real GDP for 1948–2003
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Figure 16.3 The U.S. Participation Rate, 1948–2003
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Figure 16.4 Labor Force Participation of Women and Men
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Figure 16.5 Deviations from Trend in the Participation Rate and GDP
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Table 16.1 Average Unemployment Rates in OECD Countries, 1983-1996
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Figure 16.6 The Welfare of an Employed Worker
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Figure 16.7 The Reservation Wage
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Figure 16.8 An Increase in the Unemployment Insurance Benefit b
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Figure 16.9 An Increase in the Taxes on the Wage Income of the Employed
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Figure 16.10 The Fraction of Unemployed Workers Receiving a Wage Offer Greater than w
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Figure 16.11 The Determination of the Unemployment Rate U in the Search Model
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Figure 16.12 The Determination of the Reservation Wage and the Unemployment Rate in the Search Model
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Figure 16.13 An Increase in the Unemployment Insurance Benefit b
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Figure 16.14 An Increase in the Job Offer Rate p
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Figure 16.15 An Increase in Taxes on Labor Income
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Figure 16.16 Taxes on Labor Income and Unemployment Benefits
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Figure 16.17 Effort of the Worker as a Function of His or Her Wage
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Figure 16.18 The Demand for Labor in the Efficiency Wage Model
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Figure 16.19 The Ratio of Effort to the Real Wage
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Figure 16.20 Determination of the Efficiency Wage
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Figure 16.21 Unemployment in the Efficiency Wage Model
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Figure 16.22 The Output Supply Curve in the Efficiency Wage Model
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Figure 16.23 An Increase in G in the Efficiency Wage Model
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Figure 16.24 An Increase in Total Factor Productivity in the Efficiency Wage Model
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Figure 16.25 An Increase in the Effectiveness of Monitoring by the Firm
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