A Job Guarantee

Steven Hail ()
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Steven Hail: University of Adelaide

Chapter Chapter 7 in Economics for Sustainable Prosperity, 2018, pp 219-252 from Palgrave Macmillan

Abstract: Abstract This chapter opens with a discussion of the impact of involuntary unemployment on subjective well-being, based on research undertaken by psychologists and others. A comparison is made between the impact of unemployment and changes in income on subjected well-being. It is shown that there are significant non-pecuniary benefits to paid employment and that full and equitable employment is essential to sustainable prosperity. It is argued that full and equitable employment supported by a job guarantee is consistent with moderate and stable rates of inflation and ecological sustainability.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:pal:bifchp:978-3-319-90981-3_7

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DOI: 10.1007/978-3-319-90981-3_7

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