Kulcsszó - gazdaság

Proponents of free trade have argued that expanding global markets should reduce income inequality in poorer countries. So far, however, there is no compelling evidence that such a reduction has occurred. In this lecture, Professor Maskin outlines the theory on which the free traders' argument is based and proposes an alternative theory that seems more consistent with the evidence to date.

The unemployment rate is rising and job growth turned negative in January 2008. Some economists view unemployment as a minor concern while others argue it is a serious malady. This lecture presents new evidence on the lot of the unemployed, in the U.S. and other countries, including the psychological well-being of the unemployed and how the unemployed spend their time, with a particular focus on time spent searching for a new job. The effect of unemployment benefits on job search activity is considered from both a theoretical and empirical perspective.