Unemployment and nonemployment

Article Abstract:

An evaluation of unemployment and nonemployment histories of American men suggests that unemployment statistics is not reflective of the labor market. Modifications in labor demands reduced wages and labor market opportunities especially of less skilled workers. Such labor-market conditions increased unemployment or nonemployment rate over time. But this effect is not observed in the unemployment data since the less skilled workers have already withdrawn from the labor force.

Unemployment, Labor market, Americans

---

What have we learned from empirical studies of unemployment and turnover?

Article Abstract:

Unemployment and nonparticipation rates have increased among low-skilled male workers, while the same rates remain the same for highly skilled male workers since the 1960's. The demand for lower-skilled workers has decreased, along with their wages, which accounts for the difference. Earning power is often permanently affected by losing a job, contrary to popular views. Many of the unemployed once earned high wages, but their specialized skills became obsolete.

Unskilled labor

---

What has been learned about labor supply in the past twenty years?

Article Abstract:

A variety of different labor supply functions have been recognized in certain studies, and an important distinction exists between labor supply choices at the extensive and intensive margins. It is crucial for determining the results of self-selection bias in studying wage and labor supply functions of samples of workers. One study shows that taxes have had little effect on male hours-of-work equations and slightly more of an influence on participation.

Labor supply, Labor force

Similar abstracts:

• Abstracts: Women's work and economic development. Whatever happen to the Cambridge Capital Theory controversies?
• Abstracts: Employment protection and aggregate unemployment. Estimated inflation costs had European unemployment been reduced in the 1980s by macro policies
• Abstracts: Female workers as a buffer in the Japanese economy. Why do different wage series tell different stories? Making the practical case for freer trade
• Abstracts: Aid, nontraded goods, and the transfer paradox in small countries. Political and institutional commitment to a common currency
• Abstracts: Affirmative action in higher education. All in the extended family: effects of grandparents, aunts, and uncles on educational attainment

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.