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  3. Journal of Economic Perspectives
  4. Winter 1997
  5. Theory Ahead of Language in the Economics of Unemployment

Journal of Economic Perspectives

ISSN 0895-3309 (Print) | ISSN 1944-7965 (Online)

Theory Ahead of Language in the Economics of Unemployment

  • Richard Rogerson
Journal of Economic Perspectives
vol. 11, no. 1, Winter 1997
(pp. 73–92)
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Abstract

This paper discusses, from the perspective of modern theories of unemployment, several unemployment concepts that have been used over the years. It argues that many of these concepts are of limited value and are dominated by a few simple concepts that are basic in the analysis of stochastic general equilibrium models.

Citation

Rogerson, Richard. 1997. "Theory Ahead of Language in the Economics of Unemployment." Journal of Economic Perspectives 11 (1): 73–92. DOI: 10.1257/jep.11.1.73

JEL Classification

  • E24 Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital