The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Structural Unemployment

  • C. Freeman
Reference work entry
DOI: https://doi.org/10.1057/978-1-349-95189-5_1525

Abstract

Economists have generally distinguished between various types of unemployment, in terms of both their characteristic features and their underlying causal mechanisms. Some of these distinctions are non-controversial and relatively straightforward both in their definition and in their measurement. Thus, for example, there is not too much disagreement about the scale and nature of ‘seasonal unemployment’ or about the need for ‘seasonal adjustments’ to the regular monthly series of unemployment statistics published in all industrial countries.

Keywords

Active labour market policies Aggregate demand Cyclical unemployment Frictional unemployment Kondratieff cycles Okun curve Principle of substitution Segmented labour markets Structural unemployment Technical change Technological unemployment Unemployment Uneven development Wage flexibility Wage rigidity 
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Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • C. Freeman
    • 1
  1. 1.