The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Full Employment

  • G. D. N. Worswick
Reference work entry


An expression which came into general use in economics after the Depression of the 1930s, full employment applies to industrially developed economies in which the majority of the economically active are the employees of firms or public authorities as wage and salary earners.

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • G. D. N. Worswick
    • 1
  1. 1.