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Vollbeschäftigung aus Sicht der modernen Arbeitsmarkttheorie: Wie hoch will man springen? (Full employment from the perspective of modern labour market theory: How high does one want to jump?)

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  • Gartner, Hermann

Abstract

Even in times of crisis, full employment is still an urgent political goal. The aim is to achieve and maintain as high a level of employment as possible in the long term - irrespective of economic booms and slumps. As the term 'full employment' is not precisely defined in labour market research in the eyes of the author, he attempts in this article to clarify at what point one can speak of full employment, and what full employment policy must consist of. He comes to the conclusion that full employment exists when persons looking for a job and the individual enterprises use the macroeconomically optimum amount of resources for looking for jobs or employees respectively. The ensuing conclusion for a policy of full employment is a dual one: Firstly, unemployment insurance has to be organized in such a way that the unemployed can afford to look for a job for a certain period of time and also have an incentive to do so; secondly the political powers-that-be must make sure that there are sufficient jobs available for those involved in looking for a job. (IAB)

Suggested Citation

  • Gartner, Hermann, 2008. "Vollbeschäftigung aus Sicht der modernen Arbeitsmarkttheorie: Wie hoch will man springen? (Full employment from the perspective of modern labour market theory: How high does one want to jump?)," IAB-Forum, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany], vol. 2008(2), pages 9-13.
    • Handle: RePEc:iab:iabfor:v:2008:i:2:p:009-013
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    References listed on IDEAS

    as
    1. Pierre Cahuc & André Zylberberg, 2006. "The Natural Survival of Work," Post-Print halshs-00308624, HAL.
    2. Acemoglu, Daron & Shimer, Robert, 2000. "Productivity gains from unemployment insurance," European Economic Review, Elsevier, vol. 44(7), pages 1195-1224, June.
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