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On Involuntary Unemployment

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  • Hahn, F H

Abstract

This paper argues that on a proper definition of equilibrium "involuntary unemployment equilibrium" is a logically coherent concept. It then proposes two alternative routes of modeling the labor market (efficiency wage and "fairness") which allows an equ ilibrium with involuntary unemployment. Copyright 1987 by Royal Economic Society.

Suggested Citation

  • Hahn, F H, 1987. "On Involuntary Unemployment," Economic Journal, Royal Economic Society, vol. 97(388a), pages 1-16, Supplemen.
    • Handle: RePEc:ecj:econjl:v:97:y:1987:i:388a:p:1-16
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    Citations

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    Cited by:

    1. Marco Guerrazzi, 2020. "Efficiency-Wage Competition: What Happens as the Number of Players Increases?," Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, Springer;Società Italiana degli Economisti (Italian Economic Association), vol. 6(1), pages 13-35, March.
    2. Tania Burchardt & Julian Le Grand, 2002. "Constraint and Opportunity: Identifying Voluntary Non-Employment," CASE Papers case55, Centre for Analysis of Social Exclusion, LSE.
    3. Guerrazzi, Marco, 2012. "Asymptotic relations in Cournot's game," MPRA Paper 42761, University Library of Munich, Germany.
    4. van de Klundert, T.C.M.J., 1990. "On socioeconomic causes of "wait unemployment"," Other publications TiSEM 19b2a466-07df-4246-bccc-a, Tilburg University, School of Economics and Management.
    5. Burchardt, Tania & Le Grand, Julian, 2002. "Constraint and opportunity: identifying voluntary non-employment," LSE Research Online Documents on Economics 4650, London School of Economics and Political Science, LSE Library.
    6. M. Scattaglia, 1994. "Politiche per l'occupazione e Microfondamenti "Keynesiani" dell'economia del lavoro," Working Papers 196, Dipartimento Scienze Economiche, Universita' di Bologna.
    7. Tania Burchardt & Julian Le Grand, 2002. "Constraint and Opportunity: Identifying Voluntary Non-Employment," CASE Papers 055, Centre for Analysis of Social Exclusion, LSE.
    8. Guerrazzi, Marco, 2012. "On involuntary unemployment: notes on efficiency-wage competition," MPRA Paper 38140, University Library of Munich, Germany.
    9. S. R. Osmani, 1988. "Wage Determination in Rural Labour Markets: The Theory of Implicit Co-operation," WIDER Working Paper Series wp-1988-048, World Institute for Development Economic Research (UNU-WIDER).
    10. W D A Bryant, 2009. "General Equilibrium:Theory and Evidence," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 6875, January.
    11. John Baffoe-Bonnie & Anthony O. Gyapong, 2011. "Black--white wage differentials: duration and probability unemployment effects in a multiple of sample selection bias model," International Review of Applied Economics, Taylor & Francis Journals, vol. 25(5), pages 559-584, September.
    12. Paul Oslington, 2012. "General Equilibrium: Theory and Evidence," The Economic Record, The Economic Society of Australia, vol. 88(282), pages 446-448, September.
    13. Ezra Davar, 2016. "Unemployment: Walras’S Voluntary And Keynes’S Involuntary," Equilibrium. Quarterly Journal of Economics and Economic Policy, Institute of Economic Research, vol. 11(3), pages 605-629, September.

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