Unemployment and household values: Distribution sensitive measures of unemployment

Headcount measures have been criticized as potentially inadequate when looking at changes in poverty or literacy over time or in determining the success of particular public policies. In this paper I argue that using the headcount measure of unemployment can be misleading as well. I utilize an externality argument similar to the one used in the literacy debate and provide a class of measures that capture externalities of employment.

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Year of publication:	2013
Authors:	Nolen, Patrick
Published in:	Labour Economics. - Elsevier, ISSN 0927-5371. - Vol. 24.2013, C, p. 354-362
Publisher:	Elsevier
Subject:	Unemployment \| Externalities \| Networks \| South Africa

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Type of publication:	Article
Classification:	J64 - Unemployment: Models, Duration, Incidence, and Job Search ; D63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement ; O47 - Measurement of Economic Growth; Aggregate Productivity
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010719505