The Full Employment-Unemployment Rate: 1953-1980

Lowell E. Gallaway and Zachary Dyckman

Journal of Human Resources, 1970, vol. 5, issue 4, 487-510

Abstract: Three questions are explored: (1) Has there been an upward drift in the full employment-unemployment rate in the United States? (2) If so, what are the causes of such a drift? (3) What are the prospects with respect to any change in the full employment-unemployment rate between now and 1980? The answer to the first question appears to be yes, and the drift apparently is caused by increases in the supply of so-called marginal labor force groups. With regard to prospects for change in the full employment-unemployment rate, moderate real growth rates appear capable of returning the rate to its 1953 level.

Date: 1970
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.jstor.org/stable/pdfplus/145003
A subscription is required to access pdf files. Pay per article is available.

Related works:
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: https://EconPapers.repec.org/RePEc:uwp:jhriss:v:5:y:1970:i:4:p:487-510

Access Statistics for this article

More articles in Journal of Human Resources from University of Wisconsin Press
Bibliographic data for series maintained by ().