This chapter examines various explanations for theories of employment fluctuations. It begins with looking at alternative unemployment theories and placing them into a unified framework to emphasize their prominent features. It also considers the discourse on the three classic models of trade union behavior: monopoly trade union, efficient bargains, and the “right to manage” model. In addition, it highlights the concepts of “insider-outsiders” theory, efficiency wage theories, and implicit contracts theories. This chapter includes sample problems regarding the tax scheme to fight unemployment and the simple model of nominal wage rigidity.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.