What Is Below Full Employment Equilibrium? Below full employment equilibrium is a macroeconomic term used to describe a situation where an economy's short-run real gross domestic product (GDP) is ...

Discover the concept of underemployment equilibrium in economics, its effects on unemployment rates, and why it persists. Explore Keynesian insights into economic downturns.

We investigate the interaction between labour and credit market imperfections for equilibrium unemployment in the presence of profit sharing. In a partial equilibrium with exogenous outside options, ...

https://doi.org/10.15609/annaeconstat2009.138.0077 • https://www.jstor.org/stable/10.15609/annaeconstat2009.138.0077 By being indexed backwards on the wage, wage ...

The current downturn has caused the U.S. unemployment rate to rise by nearly 2 percentage points and approach the high of 6.3% reached in the aftermath of the 2001 recession. High unemployment ...

During the latter half of the 1990s, productivity grew at almost twice the pace of the preceding ten years. Widely attributed to developments in the information technology sector, this surge in ...

As I've recently written, the Fed has consistently been too pessimistic about how far unemployment will far. The unemployment rate is 4.1% and still falling, yet as recently as 2014 the Fed thought ...

UNEMPLOYMENT is measured by the number of people seeking jobs. The unemployment rate is unemployment as a percentage of the labour force. It is a form of instability in an economy when aggregate ...

The number of people at work is generally closely related to whether an economy is growing at a reasonable rate Back in the depths the global financial crisis in 2009, the International Labour Office ...

The recent crisis has had differential effects across U.S. states and industries causing a wide geographic dispersion in skill mismatches and housing market performance. We document these facts and, ...