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A Job Guarantee

In: Economics for Sustainable Prosperity


  • Steven Hail

    (University of Adelaide)


This chapter opens with a discussion of the impact of involuntary unemployment on subjective well-being, based on research undertaken by psychologists and others. A comparison is made between the impact of unemployment and changes in income on subjected well-being. It is shown that there are significant non-pecuniary benefits to paid employment and that full and equitable employment is essential to sustainable prosperity. It is argued that full and equitable employment supported by a job guarantee is consistent with moderate and stable rates of inflation and ecological sustainability.

Suggested Citation

  • Steven Hail, 2018. "A Job Guarantee," Binzagr Institute for Sustainable Prosperity, in: Economics for Sustainable Prosperity, chapter 0, pages 219-252, Palgrave Macmillan.
  • Handle: RePEc:pal:bifchp:978-3-319-90981-3_7
    DOI: 10.1007/978-3-319-90981-3_7

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