Module 13

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The Types of Unemployment - Matching

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12th grade

macroeconomics

unemployment

106 fois fait

Créé par

Zachary Foust

United States

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Module 13Version en ligne The Types of Unemployment - Matching par Zachary Foust 1 Causes of frictional unemployment 2 Causes of structural unemployment 3 Causes of cyclical unemployment The share of recent college graduates entering the labor force increases. The share of workers leaving their jobs to pursue better opportunities increases. The share of workers relocating from one region to another increases. The share of workers who leave their job due to dissatisfaction with their employer increases. The introduction of government-subsidized childcare allows more women to re-enter the labor force after childbirth. The government increases unemployment benefits. Unions successfully negotiate higher wages for their members. The government increases the minimum wage above the equilibrium wage rate. Firms begin offering unusally high wages to incentivize better performance from their workers. Automation reduces the demand for labor, but the wage rate remains high. Firms increasingly replace workers with less expensive physical capital. Firms increasingly relocate production facilities to countries with relatively lower wage rates. The government discontinues job training programs. A reduction in aggregate spending contributes to a higher than normal level of unemployment. There is a large deviation from the natural rate of unemployment caused by a decline in business activity. The government reduces infrastructure spending, leading to layoffs in the construction industry. The actual rate of unemployment increases, but the natural rate of unemployment remains unchanged. Low sales force businesses to reduce the size of their staff. A series of bank failures leads to higher than normal unemployment.

Module 13Version en ligne

The Types of Unemployment - Matching

par Zachary Foust

Causes of frictional unemployment

Causes of structural unemployment

Causes of cyclical unemployment

The share of recent college graduates entering the labor force increases.

The share of workers leaving their jobs to pursue better opportunities increases.

The share of workers relocating from one region to another increases.

The share of workers who leave their job due to dissatisfaction with their employer increases.

The introduction of government-subsidized childcare allows more women to re-enter the labor force after childbirth.

The government increases unemployment benefits.

Unions successfully negotiate higher wages for their members.

The government increases the minimum wage above the equilibrium wage rate.

Firms begin offering unusally high wages to incentivize better performance from their workers.

Automation reduces the demand for labor, but the wage rate remains high.

Firms increasingly replace workers with less expensive physical capital.

Firms increasingly relocate production facilities to countries with relatively lower wage rates.

The government discontinues job training programs.

A reduction in aggregate spending contributes to a higher than normal level of unemployment.

There is a large deviation from the natural rate of unemployment caused by a decline in business activity.

The government reduces infrastructure spending, leading to layoffs in the construction industry.

The actual rate of unemployment increases, but the natural rate of unemployment remains unchanged.

Low sales force businesses to reduce the size of their staff.

A series of bank failures leads to higher than normal unemployment.