Modelling the Labour Market

  • Michael Beenstock

Table of contents

  1. Front Matter
    Pages i-xii
  2. Christopher Bliss
    Pages 1-23
  3. Stephen Hall, Brian Henry
    Pages 49-69
  4. Michael Beenstock, Peter Warburton
    Pages 71-104
  5. Patrick Minford
    Pages 105-144
  6. Stephen Nickell
    Pages 145-167
  7. Martyn Andrews
    Pages 169-197
  8. Back Matter
    Pages 199-206

About this book


It is generally agreed that the operation of the labour market lies at the heart of macroeconomic activity. Following Keynes' attack on the postulates of the classics in The General Theory a number of labour market paradigms have been proposed including the Phillips curve, new classical and union bargaining models. These paradigms usually form the centrepiece of any good text on macroeconomic theory. Our purpose in this volume is not to restate these paradigms but to explore the extent to which they might be empirically modelled. To this end the volume includes a set of econometric models of the UK labour market where each contribution relates very closely to one of the principal paradigms. The purpose of this collection is threefold. First and foremost we wanted to present an integrated set of case studies in applied econometrics with reference to labour market modelling. In doing so we hope the volume will appeal to third year undergraduates and postgraduate students studying applied econometrics and labour economics. Secondly, the contributions have been carefully selected to illustrate the main paradigms since each contribution is intellectually self­ contained. It is arguable that this may be disadvantageous as far as the truth is concerned if eclecticism is preferable. On the other hand it has pedagogic advantages in drawing sharp distinctions between the various approaches.


Simulation economic theory employment labor market labour market unemployment

Editors and affiliations

  • Michael Beenstock
    • 1
  1. 1.Lady Davos Professor of EconomicsHebrew UniversityJerusalemIsrael

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media B.V. 1988
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-010-7035-5
  • Online ISBN 978-94-009-1203-8
  • Buy this book on publisher's site