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A Model Of Job Choice For The Analysis Of Government Intervention In Structural Adjustment

  • Lloyd, Peter J.
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    The paper presents a model of choice between alternative available jobs in which each job has an uncertain multi-period income prospect. Imperfectly informed expectations as well as job preferences and attitudes to risk determine the choice. The model is used to locate and discuss some problems of designing government programs which are intended to increase job mobility. The main conclusion is that government interventions may impose costs on the economy which are greater than the benefits because the information needed to assess costs and benefits is not generally available and political pressures may distort the expenditures.

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    File URL: http://purl.umn.edu/22768
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    Article provided by Australian Agricultural and Resource Economics Society in its journal Australian Journal of Agricultural Economics.

    Volume (Year): 24 (1980)
    Issue (Month): 02 (August)
    Pages:

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    Handle: RePEc:ags:ajaeau:22768
    Contact details of provider: Postal: AARES Central Office Manager, Crawford School of Public Policy, ANU, Canberra ACT 0200
    Phone: 0409 032 338
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    1. Fisher, Anthony C, 1969. "The Cost of the Draft and the Cost of Ending the Draft," American Economic Review, American Economic Association, vol. 59(3), pages 239-54, June.
    2. Chipman, John S & Moore, James C, 1976. "Why an Increase in GNP Need Not Imply an Improvement in Potential Welfare," Kyklos, Wiley Blackwell, vol. 29(3), pages 391-418.
    3. Pissarides, Christopher A, 1976. "Job Search and Participation," Economica, London School of Economics and Political Science, vol. 43(169), pages 33-49, February.
    4. Kohn, Meir G. & Shavell, Steven, 1974. "The theory of search," Journal of Economic Theory, Elsevier, vol. 9(2), pages 93-123, October.
    5. Salop, S C, 1973. "Systematic Job Search and Unemployment," Review of Economic Studies, Wiley Blackwell, vol. 40(2), pages 191-201, April.
    6. Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey: Part I," Economic Inquiry, Western Economic Association International, vol. 14(2), pages 155-89, June.
    7. Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey," Economic Inquiry, Western Economic Association International, vol. 14(3), pages 347-68, September.
    8. Kennedy, Jim, 1977. "The Process Of Farmer Adjustment," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(04), December.
    9. P. J. Lloyd, 1978. "International Pressures And Structural Change In Australia: An Overview," Economic Papers, The Economic Society of Australia, vol. 1(59), pages 78-90, 08.
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