Edited by the late Sherwin Rosen, formerly, Edwin A. and Betty L. Bergman Professor, Department of Economics, University of Chicago, US

• CONTENTSPART 1BASIC IDEAS1. Costas Azariadis (1975), ‘Implicit Contracts and Underemployment Equilibria’2. Martin Neil Baily (1974), ‘Wages and Employment under Uncertain Demand’3. Donald F Gordon (1974), ‘A Neo-Classical Theory of Keynesian Unemployment’4. Clive Bull (1987), ‘The Existence of Self-Enforcing Implicit Contracts’PART 2EMPIRICAL BACKGROUND: TEMPORARY LAYOFFS AND JOB DURATION5. Martin S. Feldstein (1975), ‘The Importance of Temporary Layoffs: An Empirical Analysis’6. David M. Lilien (1980), ‘The Cyclical Pattern of Temporary Layoffs in United States Manufacturing’7. Robert E.Hall (1982), ‘The Importance of Lifetime Jobs in the U. S. Economy’PART 3THE IMPORTANCE OF WAGE AND PRICE RIGIDITY8. Robert J.Gordon (1982), ‘Why U. S. Wage and Employment Behaviour Differs from that in Britain and Japan’9. Dennis W. Carlton (1986), ‘The Rigidity of Prices’PART 4UNEMPLOYMENT COMPENSATION10. Martin Feldstein (1978), ‘The Effect of Unemployment Insurance on Temporary Layoff Unemployment’11. Robert H. Topel (1983), ‘On Layoffs and Unemployment Insurance’PART 5CRITIQUE AND EXTENSIONS12. George A .Akerlof and Hajime Miyazaki (1980), ‘The Implicit Contract Theory of Unemployment Meets the Wage Bill Argument’13. Tomio Kinoshita (1987), ‘Working Hours and Hedonic Wages in the Market Equilibrium’14. Richard Rogerson (1988), ‘Indivisible Labor, Lotteries and Equilibrium’15. Gary D. Hansen (1985), ‘Indivisible Labor and the Business Cycle’PART 6PRIVATE INFORMATION16. V. V. Chari (1983), ‘Involuntary Unemployment and Implicit Contracts’17. Jerry Green and Charles M. Kahn (1983), ‘Wage-Employment Contracts’18. Sanford J. Grossman and Oliver D. Hart (1983), ‘Implicit Contracts under Asymmetric Information’PART 7INTEGRATION AND ASSESSMENTS19. Oliver D. Hart (1983), ‘Optimal Labour Contracts under Asymmetric Information: An Introduction’20. Sherwin Rosen (1985), ‘Implicit Contracts: A Survey’PART 8RELATED APPROACHES21. Ian M. McDonald and Robert M .Solow (1981), ‘Wage Bargaining and Employment’22. Assar Lindbeck and Dennis J. Snower (1988), ‘Cooperation, Harassment, and Involuntary Unemployment: An Insider-Outside Approach’23. Carl Shapiro and Joseph E. Stiglitz (1984), ‘Equilibrium Unemployment as a Worker Discipline Device’

Edited by the late Sherwin Rosen, formerly, Edwin A. and Betty L. Bergman Professor, Department of Economics, University of Chicago, US

• CONTENTSPART 1BASIC IDEAS1. Costas Azariadis (1975), ‘Implicit Contracts and Underemployment Equilibria’2. Martin Neil Baily (1974), ‘Wages and Employment under Uncertain Demand’3. Donald F Gordon (1974), ‘A Neo-Classical Theory of Keynesian Unemployment’4. Clive Bull (1987), ‘The Existence of Self-Enforcing Implicit Contracts’PART 2EMPIRICAL BACKGROUND: TEMPORARY LAYOFFS AND JOB DURATION5. Martin S. Feldstein (1975), ‘The Importance of Temporary Layoffs: An Empirical Analysis’6. David M. Lilien (1980), ‘The Cyclical Pattern of Temporary Layoffs in United States Manufacturing’7. Robert E.Hall (1982), ‘The Importance of Lifetime Jobs in the U. S. Economy’PART 3THE IMPORTANCE OF WAGE AND PRICE RIGIDITY8. Robert J.Gordon (1982), ‘Why U. S. Wage and Employment Behaviour Differs from that in Britain and Japan’9. Dennis W. Carlton (1986), ‘The Rigidity of Prices’PART 4UNEMPLOYMENT COMPENSATION10. Martin Feldstein (1978), ‘The Effect of Unemployment Insurance on Temporary Layoff Unemployment’11. Robert H. Topel (1983), ‘On Layoffs and Unemployment Insurance’PART 5CRITIQUE AND EXTENSIONS12. George A .Akerlof and Hajime Miyazaki (1980), ‘The Implicit Contract Theory of Unemployment Meets the Wage Bill Argument’13. Tomio Kinoshita (1987), ‘Working Hours and Hedonic Wages in the Market Equilibrium’14. Richard Rogerson (1988), ‘Indivisible Labor, Lotteries and Equilibrium’15. Gary D. Hansen (1985), ‘Indivisible Labor and the Business Cycle’PART 6PRIVATE INFORMATION16. V. V. Chari (1983), ‘Involuntary Unemployment and Implicit Contracts’17. Jerry Green and Charles M. Kahn (1983), ‘Wage-Employment Contracts’18. Sanford J. Grossman and Oliver D. Hart (1983), ‘Implicit Contracts under Asymmetric Information’PART 7INTEGRATION AND ASSESSMENTS19. Oliver D. Hart (1983), ‘Optimal Labour Contracts under Asymmetric Information: An Introduction’20. Sherwin Rosen (1985), ‘Implicit Contracts: A Survey’PART 8RELATED APPROACHES21. Ian M. McDonald and Robert M .Solow (1981), ‘Wage Bargaining and Employment’22. Assar Lindbeck and Dennis J. Snower (1988), ‘Cooperation, Harassment, and Involuntary Unemployment: An Insider-Outside Approach’23. Carl Shapiro and Joseph E. Stiglitz (1984), ‘Equilibrium Unemployment as a Worker Discipline Device’

Edited by the late Sherwin Rosen, formerly, Edwin A. and Betty L. Bergman Professor, Department of Economics, University of Chicago, US

• CONTENTSPART 1BASIC IDEAS1. Costas Azariadis (1975), ‘Implicit Contracts and Underemployment Equilibria’2. Martin Neil Baily (1974), ‘Wages and Employment under Uncertain Demand’3. Donald F Gordon (1974), ‘A Neo-Classical Theory of Keynesian Unemployment’4. Clive Bull (1987), ‘The Existence of Self-Enforcing Implicit Contracts’PART 2EMPIRICAL BACKGROUND: TEMPORARY LAYOFFS AND JOB DURATION5. Martin S. Feldstein (1975), ‘The Importance of Temporary Layoffs: An Empirical Analysis’6. David M. Lilien (1980), ‘The Cyclical Pattern of Temporary Layoffs in United States Manufacturing’7. Robert E.Hall (1982), ‘The Importance of Lifetime Jobs in the U. S. Economy’PART 3THE IMPORTANCE OF WAGE AND PRICE RIGIDITY8. Robert J.Gordon (1982), ‘Why U. S. Wage and Employment Behaviour Differs from that in Britain and Japan’9. Dennis W. Carlton (1986), ‘The Rigidity of Prices’PART 4UNEMPLOYMENT COMPENSATION10. Martin Feldstein (1978), ‘The Effect of Unemployment Insurance on Temporary Layoff Unemployment’11. Robert H. Topel (1983), ‘On Layoffs and Unemployment Insurance’PART 5CRITIQUE AND EXTENSIONS12. George A .Akerlof and Hajime Miyazaki (1980), ‘The Implicit Contract Theory of Unemployment Meets the Wage Bill Argument’13. Tomio Kinoshita (1987), ‘Working Hours and Hedonic Wages in the Market Equilibrium’14. Richard Rogerson (1988), ‘Indivisible Labor, Lotteries and Equilibrium’15. Gary D. Hansen (1985), ‘Indivisible Labor and the Business Cycle’PART 6PRIVATE INFORMATION16. V. V. Chari (1983), ‘Involuntary Unemployment and Implicit Contracts’17. Jerry Green and Charles M. Kahn (1983), ‘Wage-Employment Contracts’18. Sanford J. Grossman and Oliver D. Hart (1983), ‘Implicit Contracts under Asymmetric Information’PART 7INTEGRATION AND ASSESSMENTS19. Oliver D. Hart (1983), ‘Optimal Labour Contracts under Asymmetric Information: An Introduction’20. Sherwin Rosen (1985), ‘Implicit Contracts: A Survey’PART 8RELATED APPROACHES21. Ian M. McDonald and Robert M .Solow (1981), ‘Wage Bargaining and Employment’22. Assar Lindbeck and Dennis J. Snower (1988), ‘Cooperation, Harassment, and Involuntary Unemployment: An Insider-Outside Approach’23. Carl Shapiro and Joseph E. Stiglitz (1984), ‘Equilibrium Unemployment as a Worker Discipline Device’