Involuntary unemployment
Involuntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed. Involuntary unemployment is distinguished from voluntary unemployment, where workers choose not to work because their reservation wage is higher than the prevailing wage. In an economy with involuntary unemployment there is a surplus of labor at the current real wage. Involuntary unemployment cannot be represented with a basic supply and demand model at a competitive equilibrium: All workers on the labor supply curve below the market wage would voluntarily choose not to work, and all those above the market wage would be employed. Given the basic supply and demand model, involuntarily unemployed workers lie somewhere off of the labor supply curve. Economists have several theories expla
primaryTopic
Involuntary unemployment
Involuntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed. Involuntary unemployment is distinguished from voluntary unemployment, where workers choose not to work because their reservation wage is higher than the prevailing wage. In an economy with involuntary unemployment there is a surplus of labor at the current real wage. Involuntary unemployment cannot be represented with a basic supply and demand model at a competitive equilibrium: All workers on the labor supply curve below the market wage would voluntarily choose not to work, and all those above the market wage would be employed. Given the basic supply and demand model, involuntarily unemployed workers lie somewhere off of the labor supply curve. Economists have several theories expla
has abstract
Involuntary unemployment occur ...... setting, and efficiency wages.
@en
非自発的失業(英: Involuntary unemploy ...... 済においては、現行の賃金水準において過剰な労働力が存在する。
@ja
Wikipage page ID
16,809,636
Wikipage revision ID
742,741,370
label
Involuntary unemployment
type
comment
Involuntary unemployment occur ...... ts have several theories expla
@en
非自発的失業(英: Involuntary unemploy ...... 済においては、現行の賃金水準において過剰な労働力が存在する。
@ja
label
Involuntary unemployment
@en
非自発的失業
@ja