unemployment
TRANSCRIPT
UnemploymentUnemployment
UnemploymentUnemployment
Unemploymentin practice
Unemploymentin practice
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
UK
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
France
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
France
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
France
Germany
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
France
Germany
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
France USA
Germany
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
France USA
Germany
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
France USA
Germany Japan
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
UK
France USA
Germany Japan
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
UK
France USA
Germany Japan
OECD
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
UK
France USA
Germany Japan
OECD
0
2
4
6
8
10
12
14
1970 1975 1980 1985 1990 1995 2000
Une
mpl
oym
ent (
% o
f wor
kfor
ce)
Unemployment rates in selected industrial countriesUnemployment rates in selected industrial countries
Standardised unemployment rates in different sectors of the labour market (2002)
Standardised unemployment rates in different sectors of the labour market (2002)
Standardised unemployment rates in different sectors of the labour market (2002)
Standardised unemployment rates in different sectors of the labour market (2002)
Standardised unemployment rates in different sectors of the labour market (2002)
Standardised unemployment rates in different sectors of the labour market (2002)
Standardised unemployment rates in different sectors of the labour market (2002)
Standardised unemployment rates in different sectors of the labour market (2002)
UnemploymentUnemployment
Equilibrium unemployment
Equilibrium unemployment
Equilibrium unemploymentEquilibrium unemployment
O
Ave
rag
e (r
ea
l) w
ag
e ra
te
No. of workers
ADL
We
ASL
e
Qe
Q2QeO
Ave
rag
e (r
ea
l) w
ag
e ra
te
No. of workers
ASL
ADL
We
N
e d
Equilibrium unemploymentEquilibrium unemployment
UnemploymentUnemployment
Equilibrium unemployment
The average durationof unemployment
Equilibrium unemployment
The average durationof unemployment
O
Wag
e ra
te
Period of search
t l
Wage rate offered (Wo)
Wage rate acceptable to worker (Wa)
Average duration of unemploymentAverage duration of unemployment
UnemploymentUnemployment
Disequilibrium unemploymentDisequilibrium unemployment
O
Ave
rag
e (r
ea
l) w
ag
e ra
te
No. of workers
ASL
ADL
We
W2
Disequilibrium unemploymentDisequilibrium unemployment
Q2 Q1
B A
UnemploymentUnemployment
Disequilibrium unemploymentDemand-deficient
unemployment
Disequilibrium unemploymentDemand-deficient
unemployment
ADL 2
O
Ave
rag
e (r
ea
l) w
ag
e ra
te
No. of workers
ADL 1
W1
Q1Q2
W2
ASL
Demand-deficient unemploymentDemand-deficient unemployment
UnemploymentUnemployment
Equilibrium and disequilibrium unemployment
Equilibrium and disequilibrium unemployment
Equilibrium and disequilibrium unemploymentEquilibrium and disequilibrium unemployment
O
Ave
rag
e (r
ea
l) w
ag
e ra
te
No. of workers
ADL
We
e
Qe
ASL
O
Ave
rag
e (r
ea
l) w
ag
e ra
te
No. of workers
ASL
ADL
We
W2
b a
e
Disequilibriumunemployment
Equilibrium and disequilibrium unemploymentEquilibrium and disequilibrium unemployment
O
Ave
rag
e (r
ea
l) w
ag
e ra
te
No. of workers
ASL
ADL
We
W2
b a
e
N
c
Equilibriumunemployment
Disequilibriumunemployment
Equilibrium and disequilibrium unemploymentEquilibrium and disequilibrium unemployment