Jump to ContentJump to Main Navigation
Macroeconomic Theory$
Users without a subscription are not able to see the full content.

Jean-Pascal Benassy

Print publication date: 2011

Print ISBN-13: 9780195387711

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780195387711.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 21 October 2020



Basic Models

(p.369) 15Unemployment
Macroeconomic Theory

Jean-Pascal Bénassy

Oxford University Press

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.

Keywords:   trade unions, monopoly trade union, efficient bargains, right to manage model, insider-outsiders theory, efficiency wage theories, implicit contracts theories

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.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .