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Unemployment and economic welfare

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Author Info
David Andolfatto
Paul Gomme

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Abstract

Statistics that measure labor market activity are often interpreted as measures of economic performance and social well being. This article demonstrates that such interpretations are not justified in the absence of information concerning the economic circumstances that determine individual labor market choices.

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File URL: http://www.clevelandfed.org/Research/review/1998/98-q3-andolfatto.pdf
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Publisher Info
Article provided by Federal Reserve Bank of Cleveland in its journal Economic Review.

Volume (Year): (1998)
Issue (Month): Q III ()
Pages: 25-34
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Handle: RePEc:fip:fedcer:y:1998:i:qiii:p:25-34:n:v.34no.3

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Related research
Keywords: Unemployment ; Labor market;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Rogerson, Richard, 1997. "Theory Ahead of Language in the Economics of Unemployment," Journal of Economic Perspectives, American Economic Association, vol. 11(1), pages 73-92, Winter. [Downloadable!] (restricted)
  2. Juster, F Thomas & Stafford, Frank P, 1991. "The Allocation of Time: Empirical Findings, Behavioral Models, and Problems of Measurement," Journal of Economic Literature, American Economic Association, vol. 29(2), pages 471-522, June. [Downloadable!] (restricted)
  3. Gary Burtless, 1998. "Relative Unemployment in Canada and the United States: An Assessment," Canadian Public Policy, University of Toronto Press, vol. 24(s1), pages 254-263, February. [Downloadable!] (restricted)
  4. Andolfatto, David & Gomme, Paul, 1996. "Unemployment insurance and labor-market activity in Canada," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 44(1), pages 47-82, June. [Downloadable!] (restricted)
  5. Andolfatto, D. & Gomme, P. & Storer, P., 1996. "U.S. Labour Market Policy and the Canada-U.S. Unemployment Rate Gap," Working Papers 9604, University of Waterloo, Department of Economics.
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  6. Burdett, Kenneth, et al, 1984. "Earnings, Unemployment, and the Allocation of Time over Time," Review of Economic Studies, Blackwell Publishing, vol. 51(4), pages 559-78, October. [Downloadable!] (restricted)
  7. Warren W. Eason, 1957. "Labor Force Materials for the Study of Unemployment in the Soviet Union," NBER Chapters, in: The Measurement and Behavior of Unemployment, pages 389-438 National Bureau of Economic Research, Inc. [Downloadable!]
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