Marjit, Baisakhi; Marjit, Sugata; Gupta, Kausik; Kar, Saibal - 2022
unemployment will always have a voluntary component. Accumulated wealth in a family tends to increase the opportunity cost of job … search, more so in a world where job status is socially important. Thus prosperity and unemployment may go hand in hand … independent of the standard income effect. The paper shows that measured unemployment always may have a voluntary component. In …