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Labor Expenditures and Benefit-Cost Accounting in Times of Unemployment

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Author Info

  • Haveman Robert H.

    (University of Wisconsin - Madison)

  • Farrow Scott

    (UMBC)

Abstract

We summarize procedures for assessing the benefits and costs of using labor inputs in public projects. Examples are provided to illustrate how information on labor inputs can be analyzed and presented such that, should the analyst choose, labor services generate elements of both benefit and cost in times of high unemployment; however, this is not generally correct in times of full employment. Our analysis is consistent with the overall goal of identifying those projects which are estimated to improve efficiency—those with social benefits in excess of social costs.

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File URL: http://www.degruyter.com/view/j/jbca.2011.2.2/jbca.2011.2.2.1081/jbca.2011.2.2.1081.xml?format=INT
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Bibliographic Info

Article provided by De Gruyter in its journal Journal of Benefit-Cost Analysis.

Volume (Year): 2 (2011)
Issue (Month): 2 (April)
Pages: 1-9

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Handle: RePEc:bpj:jbcacn:v:2:y:2011:i:2:n:7

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Web page: http://www.degruyter.com

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Web: http://www.degruyter.com/view/j/jbca

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Cited by:
  1. Timothy J. Bartik, 2013. "Social Costs of Jobs Lost Due to Environmental Regulations," Upjohn Working Papers and Journal Articles 13-193, W.E. Upjohn Institute for Employment Research.
  2. Timothy J. Bartik, 2014. "How Effects of Local Labor Demand Shocks Vary with Local Labor Market Conditions," Upjohn Working Papers and Journal Articles 14-202, W.E. Upjohn Institute for Employment Research.

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