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How Large Is Unemployment and Its Impact on Workers’ Economic Leverage?

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  • Michele I. Naples

Abstract

The reserve army of the unemployed is typically proxied by the unemployment rate. This article takes seriously measurement choices in calculating unemployment severity. Should everyone experiencing unemployment (unemployment incidence) be the measure? Should “discouraged†and involuntarily part-time workers be included? It then asks the policy question, to what extent have state and federal unemployment-compensation policies increasingly exacerbated unemployment duress? And, it interrogates the impact of women’s paid work on the burden of unemployment on households. JEL Classification: E24, E3

Suggested Citation

  • Michele I. Naples, 2023. "How Large Is Unemployment and Its Impact on Workers’ Economic Leverage?," Review of Radical Political Economics, Union for Radical Political Economics, vol. 55(4), pages 684-691, December.
    • Handle: RePEc:sae:reorpe:v:55:y:2023:i:4:p:684-691
    DOI: 10.1177/04866134231196316
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    References listed on IDEAS

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    1. Rebecca M. Blank & David E. Card, 1991. "Recent Trends in Insured and Uninsured Unemployment: Is There an Explanation?," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(4), pages 1157-1189.
    2. Michele I. Naples, 1997. "Business Failures and the Expenditure Multiplier, or How Recessions become Depressions," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 19(4), pages 511-523, July.
    3. Raford Boddy & James Crotty, 1975. "Class Conflict and Macro-Policy: The Political Business Cycle," Review of Radical Political Economics, Union for Radical Political Economics, vol. 7(1), pages 1-19, April.
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    More about this item

    Keywords

    unemployment; business cycles; U-3 (unemployment) rate; U-6 (unemployment) rate; unemployment duration;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles

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