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A Model Of Job Choice For The Analysis Of Government Intervention In Structural Adjustment

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  • Lloyd, Peter J.

Abstract

The paper presents a model of choice between alternative available jobs in which each job has an uncertain multi-period income prospect. Imperfectly informed expectations as well as job preferences and attitudes to risk determine the choice. The model is used to locate and discuss some problems of designing government programs which are intended to increase job mobility. The main conclusion is that government interventions may impose costs on the economy which are greater than the benefits because the information needed to assess costs and benefits is not generally available and political pressures may distort the expenditures.

Suggested Citation

  • Lloyd, Peter J., 1980. "A Model Of Job Choice For The Analysis Of Government Intervention In Structural Adjustment," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 24(2), pages 1-14, August.
    • Handle: RePEc:ags:ajaeau:22768
    DOI: 10.22004/ag.econ.22768
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    File URL: https://ageconsearch.umn.edu/record/22768/files/24020115.pdf
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    References listed on IDEAS

    as
    1. Fisher, Anthony C, 1969. "The Cost of the Draft and the Cost of Ending the Draft," American Economic Review, American Economic Association, vol. 59(3), pages 239-254, June.
    2. repec:bla:econom:v:43:y:1976:i:169:p:33-49 is not listed on IDEAS
    3. Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey," Economic Inquiry, Western Economic Association International, vol. 14(3), pages 347-368, September.
    4. P. J. Lloyd, 1978. "International Pressures And Structural Change In Australia: An Overview," Economic Papers, The Economic Society of Australia, vol. 1(59), pages 78-90, August.
    5. S. C. Salop, 1973. "Systematic Job Search and Unemployment," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 40(2), pages 191-201.
    6. John S. Chipman & James C. Moore, 1976. "Why An Increase In Gnp Need Not Imply An Improvement In Potential Welfare," Kyklos, Wiley Blackwell, vol. 29(3), pages 391-418, January.
    7. Lippman, Steven A & McCall, John J, 1976. "The Economics of Job Search: A Survey: Part I," Economic Inquiry, Western Economic Association International, vol. 14(2), pages 155-189, June.
    8. Kohn, Meir G. & Shavell, Steven, 1974. "The theory of search," Journal of Economic Theory, Elsevier, vol. 9(2), pages 93-123, October.
    9. Kennedy, Jim, 1977. "The Process Of Farmer Adjustment," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 45(04), pages 1-8, December.
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    Cited by:

    1. Hodge, Ian D., 1983. "Rural Employment and the Quality of Life," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 51(03), pages 1-12, December.
    2. Geoff W. Edwards, 1987. "Agricultural Policy Debate: A Survey," The Economic Record, The Economic Society of Australia, vol. 63(2), pages 129-143, June.

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