Copyright © 2002 Pearson Education, Inc. Slide 1
Copyright © 2002 Pearson Education, Inc. Slide 2 Unemployment: Search and Efficiency Wages Chapter 15
Copyright © 2002 Pearson Education, Inc. Slide 3 Figure 15-1 The U.S. Unemployment Rate,
Copyright © 2002 Pearson Education, Inc. Slide 4 Figure 15-2 Deviations from Trend in the Unemployment Rate, and Percentage Deviations from Trend in Real GDP for
Copyright © 2002 Pearson Education, Inc. Slide 5 Figure 15-3 The U.S. Participation Rate,
Copyright © 2002 Pearson Education, Inc. Slide 6 Figure 15-4 Labor Force Participation of Women and Men
Copyright © 2002 Pearson Education, Inc. Slide 7 Figure 15-5 Deviations from Trend in Labor Force and GDP
Copyright © 2002 Pearson Education, Inc. Slide 8 Table 15-1
Copyright © 2002 Pearson Education, Inc. Slide 9 Figure 15-6 The Welfare of an Employed Worker
Copyright © 2002 Pearson Education, Inc. Slide 10 Figure 15-7 The Reservation Wage
Copyright © 2002 Pearson Education, Inc. Slide 11 Figure 15-8 An Increase in the Unemployment Insurance Benefit b
Copyright © 2002 Pearson Education, Inc. Slide 12 Figure 15-9 An Increase in the Taxes on the Wage Income of the Employed
Copyright © 2002 Pearson Education, Inc. Slide 13 Figure The Fraction of Unemployed Workers Receiving a Wage Offer Greater than w
Copyright © 2002 Pearson Education, Inc. Slide 14 Figure The Determination of the Unemployment Rate U* in the Search Model
Copyright © 2002 Pearson Education, Inc. Slide 15 Figure The Determination of the Reservation Wage and the Unemployment Rate in the Search Model
Copyright © 2002 Pearson Education, Inc. Slide 16 Figure An Increase in the Unemployment Insurance Benefit b
Copyright © 2002 Pearson Education, Inc. Slide 17 Figure An Increase in the Job Offer Rate p
Copyright © 2002 Pearson Education, Inc. Slide 18 Figure An Increase in Taxes on Labor Income
Copyright © 2002 Pearson Education, Inc. Slide 19 Figure Taxes on Labor Income and Unemployment Benefits
Copyright © 2002 Pearson Education, Inc. Slide 20 Figure Effort of the Worker as a Function of His or Her Wage
Copyright © 2002 Pearson Education, Inc. Slide 21 Figure The Demand for Labor in the Efficiency Wage Model
Copyright © 2002 Pearson Education, Inc. Slide 22 Figure The Ratio of Effort to the Real Wage
Copyright © 2002 Pearson Education, Inc. Slide 23 Figure Determination of the Efficiency Wage
Copyright © 2002 Pearson Education, Inc. Slide 24 Figure Unemployment in the Efficiency Wage Model
Copyright © 2002 Pearson Education, Inc. Slide 25 Figure The Output Supply Curve in the Efficiency Wage Model
Copyright © 2002 Pearson Education, Inc. Slide 26 Figure An Increase in G in the Efficiency Wage Model
Copyright © 2002 Pearson Education, Inc. Slide 27 Figure An Increase in Total Factor Productivity in the Efficiency Wage Model
Copyright © 2002 Pearson Education, Inc. Slide 28 Figure An Increase in the Effectiveness of Monitoring by the Firm