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Unemployment and economic welfare

David Andolfatto () and Paul Gomme ()

Economic Review, 1998, issue Q III, 25-34

Abstract: Statistics that measure labor market activity are often interpreted as measures of economic performance and social well being. This article demonstrates that such interpretations are not justified in the absence of information concerning the economic circumstances that determine individual labor market choices.

Date: 1998
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Working Paper: Unemployment and Economic Welfare (1999)
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