Unemployment and wage determination.

• Position: Conferences

The NBER and the Centre for Economic Policy Research (CEPR) cosponsored a conference on "Unemployment and Wage Determination" in Cambridge on October 17-18. Joseph E. Stiglitz, NBER and Stanford University, and Dennis J. Snower, CEPR and Birkbeck College, organized the following program:

Andres Rodriguez, Stanford University, and Joseph

E. Stiglitz, "Unemployment and Efficiency Wages:

The Adverse Selection Model"

Discussant: Andrew Weiss, Boston University

Edmund Phelps, Columbia University, "Interest and

Wealth in 'Incentive Wage' Modeling of the Natural

Rate of Unemployment"

Discussant: Christopher Pissarides, London School

of Economics

Assar C. E. Lindbeck, University of Stockholm, and

Dennis J. Snower, "Patterns of Unemployment:

An Insider-Outsider Analysis"

Discussant: William T. Dickens, NBER and University

of California, Berkeley

Stephen J. Nickell, Oxford University; J. Vainiomaki,

University of Tampere (Finland); and Sushil

Wadhwani, Goldman, Sachs & Company, "Wages, Unions,

and Product Market Power"

Discussant: Mark Bils, NBER and University of

Chicago

Alan Manning, London School of Economics,

"Productivity Growth, Wage Setting, and the Equilibrium

Rate of Unemployment"

Discussants: Mark Bils and William T. Dickens

Bruce C. Greenwald, Bell Communications Research,

and Joseph E. Stiglitz, "Capital Market

Imperfections and Labor Market Adjustments"

Discussant: Stephen J. Nickell

Giuseppe Bertola, NBER and Princeton University,

and Ricardo Caballero, NBER and Columbia

University, "Efficiency and the Natural Rate of

Employment: Labor Hoarding in Matching Models"

Discussant: Bruce C. Greenwald

Olivier J. Blanchard and Peter Diamond, NBER and

MIT, "Ranking, Unemployment Duration, and

Wages"

Discussant: Reuben Gronau, NBER and Hebrew

University

Christopher Pissarides, and Dale Mortensen,

Northwestern University, "Job Creation and Job

Destruction in the Theory of Unemployment"

Discussant: Giuseppe Bertola

Edmond Malinvaud, College de France, "The

Segmented French Labor Market"

Discussant: Olivier J. Blanchard

William T. Dickens, and Kevin Lang, NBER and Boston

University, "Labor Market Segmentation, Wage

Dispersion, and Unemployment"

Discussants: Olivier J. Blanchard, and Lawrence F.

Katz, NBER and Harvard University

Mark Bils, and Kenneth J. McLaughlin, University of

Rochester, "Interindustry Mobility and the Cyclical

Upgrading of Labor"

Discussant: Lawrence F. Katz

Edward Balls, Financial Times; Lawrence F. Katz;

and Lawrence H...