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Economics of the Labour Market

Unemployment, Long-Term Unemployment and the Costs of Unemployment

  • Book
  • © 2016

Overview

Authors:
  1. P. N. Raja Junankar

    1. Industrial Relations Research Centre, UNSW Australia, Australia
      Western Sydney University, Australia
      IZA, Bonn, Germany

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About this book

The global crisis has led to dramatic increases in unemployment rates over most of the countries of the OECD. This book provides alternative explanations of this phenomenon. Junankar begins with surveys of the labour market: labour demand, labour supply, and labour force participation. He argues that the growth of unemployment and long-term unemployment is mainly due to a lack of aggregated demand and not due to high unemployment benefits. Economics of the Labour Market shows that unemployment and long-term unemployment impose serious and significant costs on individuals, families, and society in general.
Raja Junankar focuses on vital social issues arising from the malfunctioning of economies and this collection of essays tackles the real cost of unemployment.

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Table of contents (25 chapters)

  1. Front Matter

    Pages i-xxi
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  2. Introduction

    1. Introduction

      • P. N. (Raja) Junankar
      Pages 1-19

  3. The Labour Market

    1. Front Matter

      Pages 21-21
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    2. Labor Economics

      • P. N. Junankar
      Pages 23-27

    3. Labor Demand

      • P. N. Junankar
      Pages 28-32

    4. Labor Supply

      • P. N. Junankar
      Pages 33-37

    5. Labor Force Participation

      • P. N. Junankar
      Pages 38-41

    6. Employment and Unemployment

      • P. N. Junankar
      Pages 42-46

    7. Estimating the Social Rate of Return to Education for Indigenous Australians

      • P. N. Junankar, J. Liu
      Pages 47-73

  4. Youth Labour Markets

    1. Front Matter

      Pages 75-75
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    2. The British Youth Labour Market in Crisis

      • P. N. Junankar
      Pages 77-101

    3. Relative Wages and the Youth Labour Market

      • P. N. Junankar, A. J. Neale
      Pages 102-127

    4. The Youth Labour Market: Anecdotes, Fables and Evidence

      • P. N. Raja Junankar, Matthew Waite, Grant Belchamber
      Pages 128-151

    5. The Dynamics of Youth Unemployment: An Analysis of Recurrent Unemployment

      • P. N. Junankar, Margaret Wood
      Pages 152-172

    6. The Impact of the Global Financial Crisis on Youth Unemployment

      • P N Raja Junankar
      Pages 173-203

    7. Choosy Youth or Unwanted Youth? A Survey of Unemployment

      • Chris Manning, P. N. Junankar
      Pages 204-235

  5. Unemployment

    1. Front Matter

      Pages 237-237
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    2. An Econometric Analysis of Unemployment in Great Britain, 1952–75

      • P. N. Junankar
      Pages 239-252

    3. The Dynamics of Unemployment: Structural Change and Unemployment Flows

      • P. N. Junankar, Simon Price
      Pages 253-260

    4. Perspectives on Australian Unemployment: The Impact of Wage Setting Institutions in the 1980s

      • Bruce J. Chapman, Steve Dowrick, P. N. Junankar
      Pages 261-292
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Authors and Affiliations

  • Industrial Relations Research Centre, UNSW Australia, Australia

    P. N. Raja Junankar

  • Western Sydney University, Australia

    P. N. Raja Junankar

  • IZA, Bonn, Germany

    P. N. Raja Junankar

About the author

Raja Junankar studied at the London School of Economics, and has a PhD from the University of Essex, UK. He has held research and teaching appointments in Australia, Britain, Canada, France, Germany, India, and the USA. He has published several books and refereed papers in leading national and international journals. He is an Emeritus Professor, University of Western Sydney and Honorary Professor, UNSW, Australia.

Bibliographic Information

  • Book Title: Economics of the Labour Market

  • Book Subtitle: Unemployment, Long-Term Unemployment and the Costs of Unemployment

  • Authors: P. N. Raja Junankar

  • DOI: https://doi.org/10.1057/9781137555199

  • Publisher: Palgrave Macmillan London

  • eBook Packages: Economics and Finance, Economics and Finance (R0)

  • Copyright Information: The Editor(s) (if applicable) and The Author(s) 2016

  • Hardcover ISBN: 978-1-137-55518-2Published: 13 January 2016

  • eBook ISBN: 978-1-137-55519-9Published: 12 January 2016

  • Edition Number: 1

  • Number of Pages: XXI, 488

  • Topics: Health Economics, Macroeconomics/Monetary Economics//Financial Economics

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