Johann Brunner, Martin Riese,
"Measuring the Severity of Unemployment"
, in Journal of Economics, Vol. 67, Seite(n) 167-180, 5-1998, ISSN: 0931-8658
Original Titel:
Measuring the Severity of Unemployment
Sprache des Titels:
Englisch
Original Kurzfassung:
A social welfare function framework is applied to compare two demographic groups as to the severity of their unemployment experience. This is based on the assumption that for each individual the disutility of unemployment is an increasing and convex function of spell length. The suggested ranking criterion can be expressed conveniently in terms of the unemployment rate and the distribution function of interrupted spell lengths in the stock of unemployment.