Unemployment and economic welfare

David Andolfatto () and Paul Gomme ()

Economic Review, 1998, issue Q III, pages 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.

Keywords: Unemployment; Labor market (search for similar items in EconPapers)
Date: 1998
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
http://www.clevelandfed.org/Research/review/1998/98-q3-andolfatto.pdf (application/pdf)

Related works:
Working Paper: Unemployment and Economic Welfare (1999)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:fip:fedcer:y:1998:i:qiii:p:25-34:n:v.34no.3

Ordering information: This journal article can be ordered from

Access Statistics for this article

More articles in Economic Review from Federal Reserve Bank of Cleveland
Contact information at EDIRC.
Series data maintained by Diane Rosenberger ().