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Just how good is unemployment as a measure of welfare? A note

Author

Listed:
  • Emmanuel S. de Dios

    (University of the Philippines School of Economics)

  • Katrina Dinglasan

    (University of the Philippines School of Economics)

Abstract

Governments are rightly concerned with employment generation to make growth inclusive. The use of the open unemployment rate to measure success, however, may be misplaced. In a developing country like the Philippines, with a large informal sector and in the absence of unemployment insurance, open unemployment is primarily a middle-class phenomenon: the unemployed are not predominantly poor, and the poor are not predominantly unemployed. Measures of productivity and shifts of labor across sectors may contain more information and be more welfare-relevant

Suggested Citation

  • Emmanuel S. de Dios & Katrina Dinglasan, 2015. "Just how good is unemployment as a measure of welfare? A note," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 52(2), pages 234-245, December.
    • Handle: RePEc:phs:prejrn:v:52:y:2015:i:2:p:234-245
    as

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    File URL: https://pre.econ.upd.edu.ph/index.php/pre/article/view/932/833
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    References listed on IDEAS

    as
    1. Hilary W. Hoynes & Marianne E. Page & Ann Huff Stevens, 2006. "Poverty in America: Trends and Explanations," Journal of Economic Perspectives, American Economic Association, vol. 20(1), pages 47-68, Winter.
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    Cited by:

    1. Paqueo, Vicente B. & Orbeta, Aniceto Jr. C., 2016. "Beware of the "End Contractualization!" Battle Cry," Discussion Papers DP 2015-55, Philippine Institute for Development Studies.
    2. Balisacan, Arsenio M. & dela Cruz, Russel Matthew M., 2021. "When a Pandemic Strikes: Balancing Health and Economy toward Sustainable and Inclusive Recovery," MPRA Paper 111259, University Library of Munich, Germany.
    3. Orbeta, Aniceto Jr. C. & Paqueo, Vicente B., 2016. "Beware of the "End Contractualization!" Battle Cry," Discussion Papers DP 2016-55, Philippine Institute for Development Studies.

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    More about this item

    Keywords

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    JEL classification:

    • J21 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Force and Employment, Size, and Structure
    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty
    • O15 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration

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