Structural Unemployment [electronic resource] : Theory and Measurement / G. Peter Penz.
The purpose of this monograph is to present a theoretical framework useful for measuring structural unemployment. Developed on the basis of a literature review, this framework was applied to Canadian data. The approach which explains structural unemployment in terms of the causes of labor displaceme...
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| Format: | Electronic eBook |
| Language: | English |
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[S.l.] :
Distributed by ERIC Clearinghouse,
1969.
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| Summary: | The purpose of this monograph is to present a theoretical framework useful for measuring structural unemployment. Developed on the basis of a literature review, this framework was applied to Canadian data. The approach which explains structural unemployment in terms of the causes of labor displacement is inadequate because it ignores impediments in the labor market adjustment process. The structural maladjustment approach used here takes these forces into account, although only the symptoms of structural maladjustment are quantifiable, not the forces themselves. A model was developed that determines the cyclical relationship between the unemployment and vacancy rates and attributes unexplained factors to changes in the level of structural imbalance. The model was intended to employ variables directly related to the labor market, to use a theoretical rationale, and to compare structural unemployment under various demand conditions. Several forms of the relationship between the unemployment and vacancy rates were empirically tested, using data derived from National Employment Service vacancy data. Results indicate that variability in unemployment is largely caused by variability in aggregate demand, with an upward trend in the structural unemployment rate from 3 percent in the early 1950's to nearly 4 percent in the 1960's. (Author/AG) |
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| Item Description: | ERIC Document Number: ED073268. |
| Physical Description: | 101 p. |