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Professor Lindbeck and Snower's Cheshire Cat Definition of Involuntary Unemployment

Author

Listed:
  • De Vroey, Michel

    (UNIVERSITE CATHOLIQUE DE LOUVAIN, Institut de Recherches Economiques et Sociales (IRES))

Abstract

The aim of this article is to analyse critically the definition of involuntary unemployment offered by Lindbeck and Snower in their insider-outsider model. Their category of involuntary unemployment will be shown to be broader than that of unemployment. Hence, with their definitional stance, it is possible to have employed involuntary unemployed agents . The underlying reason is that, in fact, their definition pertains to envy rather than unemployment.

Suggested Citation

  • De Vroey, Michel, 1995. "Professor Lindbeck and Snower's Cheshire Cat Definition of Involuntary Unemployment," LIDAM Discussion Papers IRES 1995006, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    • Handle: RePEc:ctl:louvir:1995006
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    Citations

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    Cited by:

    1. Michel De Vroey, 1997. "Le concept de chômage involontaire : de Keynes aux nouveaux keynésiens," Revue Économique, Programme National Persée, vol. 48(6), pages 1381-1408.

    More about this item

    Keywords

    employment determination; contracts; unemployment;
    All these keywords.

    JEL classification:

    • J23 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Labor Demand
    • J41 - Labor and Demographic Economics - - Particular Labor Markets - - - Labor Contracts
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

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