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Erschienen in:
1985 | OriginalPaper | Buchkapitel
The Valuation of Unemployment
verfasst von : Professor Dr. Michael Sattinger
Erschienen in: Unemployment, Choice and Inequality
Verlag: Springer Berlin Heidelberg
Enthalten in: Professional Book Archive
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This chapter develops methods of measuring the value workers set upon a period of unemployment. In existing studies of the distribution of earnings, there is already an implicit valuation of unemployment. If a given worker is employed one week less, his or her earnings are reduced by the weekly wage rate. If only earnings are examined in studying inequality, then a week’s unemployment is valued at a week’s less earnings.