Spell incidence, spell duration and the measurement of unemployment
| Autor: | Anthony F. Shorrocks |
|---|---|
| Rok vydání: | 2008 |
| Předmět: |
Organizational Behavior and Human Resource Management
Labour economics education.field_of_study Index (economics) Sociology and Political Science media_common.quotation_subject Incidence (epidemiology) Population Spell Unemployment Economics Duration (project management) education General Economics Econometrics and Finance Welfare media_common Public finance |
| Zdroj: | The Journal of Economic Inequality. 7:295-310 |
| ISSN: | 1573-8701 1569-1721 |
| DOI: | 10.1007/s10888-008-9090-3 |
| Popis: | The proportion of the population out of work is an unsatisfactory measure of unemployment because it is indifferent to the way in which a given amount of unemployment time is distributed across the population. This paper offers a new way of measuring unemployment which takes account of both the frequency and duration of unemployment spells. The proposed unemployment index may be interpreted as the ‘welfare equivalent’ period of unemployment, and decomposes into the product of three components: a spell incidence factor, a duration factor, and the average unemployment rate. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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