Author: Martin R. Gainsbrugh
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Author: National Industrial Conference Board
Publisher:
ISBN:
Category : Labor supply
Languages : en
Pages : 52

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Author: Adrian Chadi
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Studies investigating the determinants of happiness show that unemployment causes high distress for most affected persons. Researchers conclude that the amount of this disutility demonstrates the involuntariness of unemployment. This paper applies the happiness research approach to German panel data in order to revive the underlying economic question of whether unemployment is voluntary or involuntary. Accordingly, the decline in life satisfaction associated with unemployment is related to the willingness to work. The results of the econometric investigation indicate a very strong connection between unemployment-induced disutility and willingness to work, so that it is possible to divide unemployed individuals into certain categories, according to the potential voluntariness of unemployment. While there is a minority which can truly be regarded as voluntarily unemployed, most unemployed people actively search for work and suffer far more from unemployment than indicated by previous happiness research studies. A subsequent discussion includes a critical juxtaposition of the findings with policies such as the recent German labour market reforms.

Author:
Publisher:
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Category :
Languages : en
Pages :

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Author: Claus Thustrup Kreiner
Publisher:
ISBN:
Category :
Languages : en
Pages : 17

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Author: Ezra Davar
Publisher:
ISBN:
Category :
Languages : en
Pages :

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This paper shows that Keynes's involuntary unemployment derived from Walras's voluntary unemployment by means of changing of the characteristic of the aggregate supply curve (function) of labour. On the one hand, when the original aggregate supply function is a strongly increasing function, as in Walras's approach, there might be only voluntary unemployment, and its magnitude is the difference between the available quantity of labour and the equilibrium point. At the other hand, if the supply curve of labour is a weakly increasing, which means that the supply function may has a horizontal segment then there might be involuntary unemployment if the equilibrium point locates between boundary points of the horizontal segment, and the magnitude of involuntary unemployment is the difference between the right boundary point of the horizontal segment and an equilibrium point. According to Walras's approach also might be considered "forced unemployment" which is the result of an intervention of external forces (government, monopoly, trade unions, and so on) into the market, and therefore, it is a disequilibrium phenomenon. Finally, in reality there are many types of labour, hence a suggested comprehensive approach of employment might be a useful tool for policy making and planning of economics.

Author: Michel de Vroey
Publisher: Psychology Press
ISBN: 0415407109
Category : Employment (Economic theory)
Languages : en
Pages : 315

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This book tackles the issue of involuntary employment, examining the issue in the light of Keynesian and Post-Keynesian theory.

Author: M. G. Hayes
Publisher:
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Category :
Languages : en
Pages :

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Keynes distinguishes three concepts: voluntary, frictional and (Keynesian) involuntary unemployment. Frictional unemployment is a Classical form of involuntary unemployment (not voluntary, as Lucas suggests), and reflects the Marshallian, rather than Walrasian, treatment of time and equilibrium. Lucas contradicts both Keynes and Pigou in asserting that there are always immediate vacancies for unskilled labour, and abstracts from the very problem that Keynes seeks to address. If voluntary unemployment is re-defined appropriately, as De Vroey helpfully suggests elsewhere, the prefix 'involuntary' is dispensable, not because all unemployment is voluntary, as Lucas would have it, but because it is all involuntary.

Author: OECD
Publisher: OECD Publishing
ISBN: 9264306943
Category :
Languages : en
Pages : 228

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Social protection systems are often still designed for the archetypical full-time dependent employee. Work patterns deviating from this model – be it self-employment or online "gig work" – can lead to gaps in social protection coverage. Globalisation and digitalisation are likely to exacerbate ...

Author: Peter Gottschalk
Publisher:
ISBN:
Category : Employees
Languages : en
Pages : 36

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