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Measuring employment and unemployment

Author

Listed:
  • Eliana Viviano

    (Bank of Italy, Italy)

  • Andrea Brandolini

    (Bank of Italy, Italy)

Abstract

Measuring employment and unemployment is essential for economic policy. Internationally agreed measures (e.g. headcount employment and unemployment rates based on standard definitions) enhance comparability across time and space, but changes in real labor markets and policy agendas challenge these traditional conventions. Boundaries between different labor market states are blurred, complicating identification. Individual experiences in each state may vary considerably, highlighting the importance of how each employed or unemployed person is weighted in statistical indices.

Suggested Citation

  • Eliana Viviano & Andrea Brandolini, 2018. "Measuring employment and unemployment," IZA World of Labor, Institute of Labor Economics (IZA), pages 445-445, August.
  • Handle: RePEc:iza:izawol:journl:2018:n:445
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    References listed on IDEAS

    as
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    Cited by:

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    3. Fontanari, Claudia & Palumbo, Antonella & Salvatori, Chiara, 2022. "The updated Okun method for estimation of potential output with alternative measures of labor underutilization," Structural Change and Economic Dynamics, Elsevier, vol. 60(C), pages 158-178.
    4. Shatakshee Dhongde & Prasanta K. Pattanaik & Yongsheng Xu, 2019. "Well‐Being, Deprivation, and the Great Recession in the U.S.: A Study in A Multidimensional Framework," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 65(S1), pages 281-306, November.
    5. John Komlos, 2019. "The Real U.S. Unemployment Rate Is Twice the Official Rate, and the Phillips Curve," CESifo Working Paper Series 7859, CESifo.

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    More about this item

    Keywords

    employment; unemployment; inactivity; work intensity; search intensity;
    All these keywords.

    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • J31 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Wage Level and Structure; Wage Differentials
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
    • J82 - Labor and Demographic Economics - - Labor Standards - - - Labor Force Composition
    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand

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