Introduction and preliminaries -- Skilled and unskilled labor -- Natural and reproducible capital -- Capital and labor -- An endogenous technology framework -- Skilled labor, unskilled labor, and experience over time -- Skills and capital over time and across countries -- Conclusions

Frontmatter -- Contents -- Preface -- 1. Introduction and Preliminaries -- Part I. Technology Differences Across Space -- Part II. Interpreting Technology Differences -- Part III. Technology Differences over Time -- Appendix A. Proofs and Calculations -- Appendix B. A New Data Set on Mincerian...

Frontmatter -- Contents -- Preface -- Part I. Introduction -- 1. Made in the World -- 2. Workhorse Models -- Part II. Location -- 3. Contracts and Export Behavior -- 4. Contracts and Global Sourcing -- 5. Contracts and Sourcing: Evidence -- Part III. Internalization -- 6. The Transaction-Cost...

Labor Markets and Business Cycles Robert Shimer This work is published in association with the Centre de Recerca en Economia Internacional (CREI) Princeton University Press ...

Main description: Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the...

Labor Markets and Business Cycles integrates search and matching theory with the neoclassical growth model to better understand labor market outcomes. Robert Shimer shows analytically and quantitatively that rigid wages are important for explaining the volatile behavior of the unemployment rate...