Recent work on labor markets has stressed the importance of trading frictions in accounting for the outcomes that we observe in this market. The focus of this conference, hosted by the Federal Reserve Bank of Atlanta, is to further our understanding of how frictions in both labor and product markets markets influence the operation of labor markets. The program features papers that range from the development of new theories that incorporate frictions, to those that use these theories to determine the implications for policy design and data interpretation, to those that carry out data analysis to helps us better isolate the key empirical facts that these theories seek to account for.
Federal Reserve Bank of Atlanta
Conference Center, Third Floor
1000 Peachtree Street, N.E.
Atlanta, GA 30309
Richard Rogerson, Arizona State University
Robert Shimer, University of Chicago
Randy Wright, University of Pennsylvania