Chapter 10 Macro
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| show | Paid Emloyees, self-employed, workers in a family business, unpaid workers
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| Unemployed | show 🗑
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| show | Everyone else; retired, under 16, full-time students/parents, disablilites, unpaid homemaker, volunteer
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| Discouraged workers | show 🗑
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| Labor force | show 🗑
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| Unemployment rate | show 🗑
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| show | labor force divided by adult population; excludes people under 16
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| show | thought to be around 5%
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| show | -workers in the process of moving from one job to another
-workers' tastes and skills
-job requirements
-short-term for most workers
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| Sectoral shifts | show 🗑
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| show | employment agencies, training programs, and unemployment insurance (Effects: income protection, more time to search = better job matches = greater productivity)
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| Structural unemployment | show 🗑
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| frictional + structural | show 🗑
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| Wage is above equilibrium because of... (Structural unemployment) | show 🗑
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| show | firms voluntarily pay above-equilibrium wages to boost worker productivity; worker health, worker turnover, worker equality, worker effort
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| show | unemployment associated with the business cycle
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| show | the amount of unemployment that exists even when the economy is healthy, due to social or political factors
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| labor union | show 🗑
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| unemployment insurance | show 🗑
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| show | increases unemployment rate and labor-force participation rate is uneffected
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| Wage in excess of their equilibrium level help explain... | show 🗑
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| show | increases, reducing wages in industries that are not unionized
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You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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