We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Unemployment - Research Paper Example

Comments (0)
In the sphere of economics which is an invincible branch of social science, the technique of indicator analysis is one of the significant factors in determining various parameters which are related with the welfare maximization principles of the society…
Download full paper
Read TextPreview

Extract of sample

Download file to see previous pages Unemployment

If the efficiency of the economy is to be maximized, then the all the individuals in the economy would be employed at a certain wage rate. An unemployed person is simultaneously unproductive as well as a huge drain on the resources of the society leading to a huge drop in the aggregate output production in the economy. Psychological impacts of unemployment are also adverse which leads to long run degradation of an economy. The obnoxious characteristics of unemployment is one of the foremost problems in every countries of the world be it a developed or developing and the government of those countries are facing every day challenges and formulating as well as implementing strategies in order to mitigate the problem of unemployment (Griffiths & Rotheim, 2007, p.2). The paper will seek to analyze the historical evolution of unemployment along with the current status of it with various problems faced by the people from time to time and the unemployment rates in different countries. Following this, focus will be entailed on the endeavor adapted by different governments for neutralizing this grave problem. Finally the paper will inject some self assessed recommendations for solving the problem of unemployment. II. Definition of the problem Unemployment Unemployment is the macroeconomic problem which affects people most directly and in a severe manner. For majority of the people in the world (although there is voluntary unemployment and other forms of unemployment which is discussed later in this segment), a loss in job correlates directly with a reduced living standard and immense psychological distress. (Mankiw, 2005, p.155). It is one of the central themes of discussions for economists and the politicians round the globe in the identification of different causes of unemployment and simultaneously involves in the improvement of several public policies affecting the unemployed. In this respect, a famous statement by Thomas Carlyle can be mentioned which is as follows: “A man willing to work, and unable to find work, is perhaps the saddest sight that fortune’s inequality exhibits under the sun” (Huebner, 1932, p.49). Now a short insight on different types of unemployment can be provided in order to have a more brief idea of the unemployment arena. Frictional unemployment Within the sphere of unemployment, it has been found that a certain amount of time has been spent within the job tenure of the individuals and finding another employment. The labor market is dynamic market and at a particular point of time there will remain a certain number of unemployed persons and the crux of frictional unemployment leads to acknowledging the fact those adjustments in the employment takes some time which is indeed a harsh reality (Mankiw, 2005, p.603). Structural unemployment This type of unemployment generates when there is wide gap between the skills required by the employers of firms and skills provided by the employees or the labor and this type of unemployment experiences long spells. It has been found in the industry of rocket science there can generate higher or lower unemployment in the submarket rather than the national market. In this industry if the trade agreements are such that it allows for the outsourcing in the other countries, then the labor market for the rocket scientist will perish in the domestic country (Schmitt, J & Warner, 2011, p.1). Voluntary Unemployment The notion of the voluntary ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
Unemployment in New England
Unemployment happens when an individual who is vigorously looking for employment is incapable of finding work. It is usually utilized as a measure of progress of the economy. The most typically cited gauge of unemployment is the joblessness rate. The Unemployment Rate is a gauge of the frequency of unemployment, and it is calculated as a fraction by dividing the number of jobless individuals presently in the work force.
10 Pages(2500 words)Research Paper
Individuals differ in certain unmeasured variables that, if not properly controlled, have influential impact on levels of unemployment. There exists, however, no universally acceptable definition of unemployment so far because both employed and unemployed people worldwide are measured quite differently.
4 Pages(1000 words)Research Paper
Globalization and unemployment
Different cultures are impacted different by these two aspects therefore; the paper will analyze the extent of globalization and employment to various cultures. The paper will also analyze how to reverse the negative impacts of globalization. The major hypothetical question will be “globalization has impact on culture both in the organization and society” Introduction In the current decade the world has experience major changes in terms of business operation.
8 Pages(2000 words)Research Paper
Unemployment in America
There are a number of fundamental issues with the American economy that underline the complicated relationship between unemployment and political and economic policy. This research considers the interaction between American unemployment and its causes through an analysis of recent employment trends.
8 Pages(2000 words)Research Paper
Classical economics or neoclassical economics focus on rigidities in the labor market caused by the operating laws such as minimum wage act, taxes, and other regulations that restrict employers to hire more workers in the job. There are many who accept unemployed status voluntarily because of unsatisfactory employment available.
9 Pages(2250 words)Essay
al unemployment occurs when job seeker’s skills are not in demand due to over specialization in a single field, geographical obsolescence, technological changes or structural change of the economy. For instance, decline of coal usage led may coal miners unemployed and they
1 Pages(250 words)Essay
Unemployment in the US
In the United States, there is a rising problem of unemployment, which owes its existence to the presence of several factors, which include unemployment benefits. As a result, the United States Government needs to add
12 Pages(3000 words)Research Paper
Saudi Arabia unemployment citizens
Though the population of the country grows at a fast pace, its GDP growth in 2007 was about 4.7 percent, and its GDP per capita was 9,227.81 USD in the same year. The Saudi economy is heavily reliant on the production of oil and
5 Pages(1250 words)Research Paper
Inflation when experienced in a country is very threatening to the economic development of the country.Inflation affects the purchasing power of consumers and also affects the
12 Pages(3000 words)Research Paper
Unemployment In America
Such statistics means that the nine million persons are struggling in one way, or another. Unemployment has repercussions not only to the unemployed but also for the country at large. It places physical, financial and psychological strains
5 Pages(1250 words)Research Paper
Let us find you another Research Paper on topic Unemployment for FREE!
Contact us:
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us