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What would be good textbooks at the graduate level that deal with Labor Economics and Labor-Macro (As in, Equilibrium Unemployment Theory, Shimer Puzzle etc)?

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    $\begingroup$ @Everybody: please post one suggestion per answer so that we can vote on individual books. $\endgroup$
    – Ubiquitous
    Dec 5, 2014 at 7:46

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There's also Labor Economics by Pierre Cahuc, Stéphane Carcillo, and André Zylberberg. It's a broader labor econ book, but The "Unemployment and Inequality" fourth of the book covers these topics. I have not seen the second edition, but I expect that they did not alter that part for the worse.

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  • $\begingroup$ Isn't this more of undergraduate text? $\endgroup$
    – Papayapap
    Feb 18, 2021 at 17:54
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    $\begingroup$ @Papayapap I used the first edition in my PhD program for the second-year labor field course at U of Michigan. $\endgroup$
    – dimitriy
    Feb 18, 2021 at 18:11
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To get us started, I will suggest

Pissarides: Equilibirum Unemployment Theory

Which deals with his Search&matching Equilibrium model of Labor Markets, and various extensions.

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I'm not sure if it's a good book, the author at least is very known in the macro community, but if you want a book on the New-Keynesian perspective on unemployment:

Jordí Galí's He tends to leave many details outside the book. You might like it.

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  • $\begingroup$ The NK perspective on unemployment: Workers are price setters, but also hit by the Calvo fairy. Hence, some of them don't adjust prices, and firms fire them. The contribution to labor markets themselves are rather small, but I guess the popularity of NK models makes this books a reasonable suggestion, perhaps not as the starting reference. $\endgroup$
    – FooBar
    Dec 5, 2014 at 16:53
  • $\begingroup$ The OP asked for graduate level expositions on the subject... $\endgroup$
    – An old man in the sea.
    Dec 5, 2014 at 17:01
  • $\begingroup$ Because of the OP's emphasis on macro, this book has my vote. $\endgroup$
    – PatrickT
    Mar 13, 2018 at 15:52
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To add another book,

Shimer: Labor Markets and Business Cycles

deals with the extent of which the RBC model and the Mortensen-Pissarides model can deal with the Shimer puzzle. He goes through many extensions and concludes that rigid wages are an exciting future research avenue.

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So the following is not a textbook, but it is a long and informative chapter on search-and-matching models from two experts in labor-macro:

Rogerson and Shimer, 2010: https://ideas.repec.org/p/nbr/nberwo/15901.html

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The notes by Acemoglu are quite useful too.

There are whole sections on Labor Economics, but also a lot of scattered material throughout the rest of the topics, particularly related with technological change and growth. That is particularly relevant with the Macro-Labour component of your question.

To single out one relevant topic which is not in the references in other answers, consider these notes on "Labor coercion" (slavery, serfdom).

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