Economics of the Labour Market

Unemployment, Long-Term Unemployment and the Costs of Unemployment

Business & Finance, Economics, Macroeconomics
Cover of the book Economics of the Labour Market by , Palgrave Macmillan UK
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Author: ISBN: 9781137555199
Publisher: Palgrave Macmillan UK Publication: January 12, 2016
Imprint: Palgrave Macmillan Language: English
Author:
ISBN: 9781137555199
Publisher: Palgrave Macmillan UK
Publication: January 12, 2016
Imprint: Palgrave Macmillan
Language: English

The global crisis has led to dramatic increases in unemployment rates over most of the countries of the OECD. This book provides alternative explanations of this phenomenon. Junankar begins with surveys of the labour market: labour demand, labour supply, and labour force participation. He argues that the growth of unemployment and long-term unemployment is mainly due to a lack of aggregated demand and not due to high unemployment benefits. Economics of the Labour Market shows that unemployment and long-term unemployment impose serious and significant costs on individuals, families, and society in general.
Raja Junankar focuses on vital social issues arising from the malfunctioning of economies and this collection of essays tackles the real cost of unemployment.

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The global crisis has led to dramatic increases in unemployment rates over most of the countries of the OECD. This book provides alternative explanations of this phenomenon. Junankar begins with surveys of the labour market: labour demand, labour supply, and labour force participation. He argues that the growth of unemployment and long-term unemployment is mainly due to a lack of aggregated demand and not due to high unemployment benefits. Economics of the Labour Market shows that unemployment and long-term unemployment impose serious and significant costs on individuals, families, and society in general.
Raja Junankar focuses on vital social issues arising from the malfunctioning of economies and this collection of essays tackles the real cost of unemployment.

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