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Aggregate Returns to Individual Decisions
Uwe Sunde
其他書名
Development, Income Inequality and Competition for Jobs and Workers
出版Peter Lang GmbH, Internationaler Verlag der Wissenschaften, 2003
主題Business & Economics / Consumer BehaviorBusiness & Economics / Decision-Making & Problem SolvingBusiness & Economics / Development / Business DevelopmentBusiness & Economics / Free Enterprise & CapitalismBusiness & Economics / International / GeneralBusiness & Economics / Labor / GeneralBusiness & Economics / Marketing / ResearchBusiness & Economics / Development / Economic DevelopmentBusiness & Economics / Economics / GeneralBusiness & Economics / Economics / ComparativeBusiness & Economics / International / Economics & TradeBusiness & Economics / Industrial Management
ISBN36315172629783631517260
URLhttp://books.google.com.hk/books?id=bKC6AAAACAAJ&hl=&source=gbs_api
註釋In general, economic decisions are made in order to maximize individual well-being or, equivalently, to maximize the returns of these decisions to the individual. However, while taking their environment as given, the decision-makers often do not explicitly take into account what consequences their decisions have on the aggregate level. Many macroeconomic phenomena can be seen as unintended or unforeseen consequences, 'returns', to the decisions of rational individuals. This book presents several models in this spirit. The first part investigates the role of individual education decisions for long-term development and international differences in earnings inequality. The second part focuses on the consequences of individual search decisions on the labor market for the observed patterns of job creation.