The Private and Social Costs of Unemployment

The Private and Social Costs of Unemployment
Author: Martin S. Feldstein
Publisher:
Total Pages: 11
Release: 1978*
Genre: Unemployed
ISBN:

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This short note emphasizes and illustrates two basic points: (1) The private costs of unemployment, i.e., the costs borne by the unemployed themselves, vary substantially and are often extremely low. This low private cost is an important cause of the permanently high unemployment rate in the United States. (2) The social costs of unemployment, i.e., the costs of unemployment to the nation as a whole regardless of how they are distributed, must be judged by considering the specific policy by which a worker would be reemployed. It is wrong to regard unemployment as either without cost (because the unemployed enjoy the opportunity for job search and leisure) or as having a cost equal to lost output. Examples are given to show that output may overstate or understate true social cost, depending on the options available for reemployment

The Price of Prosperity

The Price of Prosperity
Author: Richard Taylor
Publisher: UNSW Press
Total Pages: 308
Release: 2002
Genre: Business & Economics
ISBN: 9780868405414

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While our leaders celebrate Australia’s ‘economic miracle’, unemployment, particularly long-term unemployment, has become a permanent feature of Australia’s economic landscape. Its unacceptably high level has proved remarkably resistant in the face of sustained economic growth and increased prosperity. The adverse economic and social consequences of high unemployment are likely to leave long-term scars on those affected, as well as on local communities and the entire fabric of Australian society. Yet these effects rarely feature on the policy agenda, and the costs of unemployment remain largely invisible.

Costs of Unemployment

Costs of Unemployment
Author: P. N. Junankar
Publisher: Luxembourg : Office for Official Publications of the European Communities
Total Pages: 130
Release: 1986
Genre: Business & Economics
ISBN:

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The Social Costs of Underemployment

The Social Costs of Underemployment
Author: David Dooley
Publisher: Cambridge University Press
Total Pages: 286
Release: 2003-11-24
Genre: Social Science
ISBN: 1139449443

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Going beyond the usual focus on unemployment, this 2004 book explores the health effects of other kinds of underemployment including forms of inadequate employment as involuntary part-time and poverty wage work. Using the National Longitudinal Survey of Youth, this compares falling into unemployment versus inadequate employment relative to remaining adequately employed. Outcomes include self-esteem, alcohol abuse, depression, and low birth weight. The panel data permit study of the plausible reverse causation hypothesis of selection. Because the sample is national and followed over two decades, the study explores cross-level effects (individual change and community economic climate) and developmental transitions. Special attention is given to school leavers and welfare mothers, and, in cross-generational analysis, the effect of mothers' employment on babies' birth weights. There emerges a way of conceptualizing employment status as a continuum ranging from good jobs to bad jobs to employment with implications for policy on work and health.

The Social Costs of Unemployment

The Social Costs of Unemployment
Author: United States. Congress. Joint Economic Committee
Publisher:
Total Pages: 56
Release: 1980
Genre: Unemployment
ISBN:

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Costs of Unemployment

Costs of Unemployment
Author: P. N. Junankar
Publisher: Luxembourg : Office for Official Publications of the European Communities
Total Pages: 44
Release: 1987
Genre: Business & Economics
ISBN:

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Social costs of unemployment

Social costs of unemployment
Author: P. N. Junankar
Publisher:
Total Pages: 34
Release: 1986
Genre: Human services
ISBN:

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Introduction to Cost–Benefit Analysis

Introduction to Cost–Benefit Analysis
Author: Ginés de Rus
Publisher: Edward Elgar Publishing
Total Pages: 256
Release: 2021-03-26
Genre: Business & Economics
ISBN: 1839103752

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This thoroughly updated second edition incorporates key ideas and discussions on issues such as wider economic impacts, the treatment of risk, and the importance of institutional arrangements in ensuring the correct use of technique. Ginés de Rus considers whether public decisions, such as investing in high-speed rail links, privatizing a public enterprise or protecting a natural area, may improve social welfare.