Ch12_Unemployment(上)_鲍哈斯劳动经济学 英文.pdfVIP

CH.12 UNEMPLOYMENT Jisoo Hwang 2014 Fall Unemployment Rate 14 12 10 8 6 4 2 0 1990 1991 1992 1993 1994 1995 1996 1997 19982001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Unemployment Rate Youth Unemployment Rate 2 Unemployment in Korea Source: KOSIS 瓴届牅頇滊彊鞚戈惮臁办偓 Youth: age 15-29 3 In US, education lowers unemployment rates because 1. Educated workers invest more in on-the-job training. 2. When educated workers switch jobs, they typically switch without suffering an 4 intervening spell of unemployment. 5 Four ways in which a worker can end up unemployed: 6 Job losers, leavers, reentrants, new entrants A larger fraction of the unemployed are likely to be in long-term unemployment spells. 7 鈥 Marginally attached persons: currently neither working nor searching but indicate that they want and are available or a job and have looked for work sometime in the recent past 鈥 Underemployed: want and are available for full-time work but have had to 8 settle for a part-time schedule 9 Types of Unemployment 10 飩 Frictional 飩 Seasonal 飩 Structural 飩 Cyclical Frictional Unemployment 11 飩 Frictional unemployment arises when workers and firms need time to locate each other and to digest information about the