The social cost of unemployment: the Spanish labour market from a social welfare approach
"This paper proposes a protocol for considering the social cost of unemployment by taking into account three different aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both unemployment duration and the associated income loss...
| Main Authors: | , , |
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| Institution: | ETUI-European Trade Union Institute |
| Format: | TEXT |
| Language: | English |
| Published: |
Bonn
2018
IZA |
| Subjects: | |
| Online Access: | https://www.labourline.org/KENTIKA-19303307124911215899-The-social-cost-of-unemploymen.htm |
| _version_ | 1771659894375579648 |
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| author | Gorjón, Lucía de la Rica, Sara Villar, Antonio |
| author_facet | Gorjón, Lucía de la Rica, Sara Villar, Antonio |
| collection | Library items |
| description | "This paper proposes a protocol for considering the social cost of unemployment by taking into account three different aspects: incidence, severity and hysteresis. Incidence refers to the conventional unemployment rate; severity takes in both unemployment duration and the associated income loss; and hysteresis refers to the probability of remaining unemployed. The social cost of unemployment is regarded as a welfare loss, which is measured by a utilitarian social welfare function whose arguments are the individual disutilities of unemployed workers. Each individual disutility is modelled as a function of income loss, unemployment duration and hysteresis. The resulting formula is simple and easy to understand and implement. We apply this assessment protocol to the Spanish labour market, using the official register of unemployed workers compiled by the Public Employment Service." |
| format | TEXT |
| geographic | Spain |
| id | 19303307124911215899_4104d2e9932d4f96b78cca0ff342b4cc |
| institution | ETUI-European Trade Union Institute |
| is_hierarchy_id | 19303307124911215899_4104d2e9932d4f96b78cca0ff342b4cc |
| is_hierarchy_title | The social cost of unemployment: the Spanish labour market from a social welfare approach |
| language | English |
| physical | 21 p. Digital |
| publishDate | 2018 |
| publisher | Bonn IZA |
| spellingShingle | Gorjón, Lucía de la Rica, Sara Villar, Antonio unemployment welfare economics social cost The social cost of unemployment: the Spanish labour market from a social welfare approach |
| thumbnail | https://www.labourline.org/Image_prev.jpg?Archive=135868095304 |
| title | The social cost of unemployment: the Spanish labour market from a social welfare approach |
| topic | unemployment welfare economics social cost |
| url | https://www.labourline.org/KENTIKA-19303307124911215899-The-social-cost-of-unemploymen.htm |