How Labour market flexibility affects unemployment: long-term implications of the chain reaction theory

Article Abstract:

Long-term unemployment, according to the chain reaction theory, relies on the exogenous determinants of labor market and on the extent of labor market flexibility. The theory suggests that countries with high unemplyment rate have to undertake initiatives that will enhance processes related to labor market adjustments such as abolition of policies that restrict the entry and exit of companies in the economy. It also calls for the adoption of employment vouchers so as to hasten the time long-term unemployed secure jobs.

Labor mobility

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The determinants of individual unemployment durations in an era of high unemployment

Article Abstract:

Continued unemployment in the 1980s has generated much concern from political and economic standpoints. The unemployment process has been analyzed in terms of the probabilities of entering and leaving unemployment. The process has also been observed in terms of variations in the inflow rate into unemployment and in average duration. Comparative econometric analysis for autumn 1978 and spring 1987 conditions showed a decline of supply-side benefit factors in the process.

Supply-side economics

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Constraints on the desired hours of work of British men

Article Abstract:

More than one-third of manual workers disclosed to the British Household Panel Survey in 1991 that they prefer less work hours, 4.3 hours on the average, than they actually do at the same wage rate. Firms are conjectured to have the power to set less desired minimum hour constraints because of the workers' job insecurities and the shortage of alternative job opportunities at higher unemployment rates.

Hours Worked, Analysis, Work hours, Economic research

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