Theories of the Labour Market and Employment: A Review

This book reviews theory, research, and methods of analyzing the labour market and employment. The book argues that broadly dividing unemployment into obstructional, developmental, and contractional types is more accurate and useful than distinguishing between frictional, structural, and cyclical forms (the conventional economic classification). It also argues that is inadequate to analyze labour markets or explain employment and unemployment in purely economic terms. A general theme of the book is the importance of bringing in empirical data from the real world to support or disprove theories.