Abstract
Based on an illfare approach, a new index of unemployment is proposed which, unlike the traditional measures, takes into account the incidence of unemployment, mean duration of unemployment, and the disparity in the distribution of the burden of unemployment. The proposed measure is most relevant for comparing levels of unemployment across regions or over a period of time. An illustration with US data is presented.
Original language | English |
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Pages (from-to) | 739-743 |
Number of pages | 5 |
Journal | Applied Economics |
Volume | 24 |
Issue number | 7 |
DOIs | |
Publication status | Published - Jul 1992 |
Externally published | Yes |