Type | Working Paper - Econ 3x3 |
Title | How do the non-searching unemployed feel about their situation? On the definition of unemployment |
Publication (Day/Month/Year) | 2013 |
URL | http://www.econ3x3.org/article/how-do-non-searching-unemployed-feel-about-their-situation-definition-unemployment |
Abstract | New evidence suggests that non-searching unemployed people are significantly less satisfied with their lives than people who are not economically active. Indeed, the non-searching unemployed have hit rock bottom. Assuming that people do not freely choose an unsatisfactory state of living, a case is made that the non-searching unemployed – or ‘discouraged workers’ – are involuntarily unemployed and should be included in the definition and measurement of the labour force. Consequently, a case is made for the adoption of the broad measure of unemployment |