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Chapter7 Unemployment - Coggle Diagram
Chapter7 Unemployment
u-rate [ current=natural(fri+stru)+cycli ]
full employment: natural=actual/cyclical=0
natural 肯定有人
Changes in the Natural Rate of Unemployment
U-insurance--增加fri，u-rate
Job training--针对stru
Definitions
total population
under16, 军人，囚犯，终身残疾
working age
not in labor force
第一职业是学生，退休，残疾，丧志工人
labor force
Employed 就业者
Unemployment 失业者
Structural unemployment 结 构 性 失 业
被动失业，能力不足，技能单一
Due to min. wage law, labor union (strike), efficiency wage (firm）
higher wage
Qd<Qs
Cyclical unemployment 周期性失业
Recession, expansion
Frictional unemployment 摩擦性失业
Seasonal unemployment
主动
，跳槽，找工作，工位调整
u-rate=% #unemployment/labor force
Labor force participation rate=% labor force/working age
Natural unemployment rate and potential GDP
recession: current>natural
expansion: current<natural
Problem of Unemployment: understate