About: Involuntary unemployment

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Involuntary unemployment occurs when a person is unemployed despite being willing to work at the prevailing wage. It is distinguished from voluntary unemployment, where a person refuses to work because their reservation wage is higher than the prevailing wage. In an economy with involuntary unemployment, there is a surplus of labor at the current real wage. This occurs when there is some force that prevents the real wage rate from decreasing to the real wage rate that would equilibrate supply and demand (such as a minimum wage above the market-clearing wage). Structural unemployment is also involuntary.

Attributes	Values
rdf:type	Thing
rdfs:label	Chômage involontaire (fr) Involuntary unemployment (en) 非自発的失業 (ja)
rdfs:comment	Le chômage involontaire est un concept d'économie désignant la situation d'un agent économique souhaitant offrir sa force de travail, mais n'obtenant aucune embauche de la part des entreprises. Le chômage involontaire a fait l'objet de débats économiques. (fr) 非自発的失業（ひじはつてきしつぎょう、英: Involuntary unemployment）とは、人々が現行の賃金水準で働くことを望んでいるにもかかわらずに、就業の機会を得られず、失業状態にある状態を指す。非自発的失業はが現行の賃金水準よりも高いために自ら働かないことを選択する自発的失業とは区別される。 (ja) Involuntary unemployment occurs when a person is unemployed despite being willing to work at the prevailing wage. It is distinguished from voluntary unemployment, where a person refuses to work because their reservation wage is higher than the prevailing wage. In an economy with involuntary unemployment, there is a surplus of labor at the current real wage. This occurs when there is some force that prevents the real wage rate from decreasing to the real wage rate that would equilibrate supply and demand (such as a minimum wage above the market-clearing wage). Structural unemployment is also involuntary. (en)
rdfs:seeAlso	Shapiro–Stiglitz theory
foaf:depiction
dcterms:subject	Personal financial problems Unemployment Unfree labour Economic inequality Economic problems Waste of resources
Wikipage page ID	16809636 (xsd:integer)
Wikipage revision ID	1025647409 (xsd:integer)
Link from a Wikipage to another Wikipage	Robert Barro Matching theory (economics) Efficiency wage Mancur Olson Full employment Personal financial problems Unemployment Unfree labour Edmond Malinvaud Disequilibrium macroeconomics Herschel Grossman Labor force Economic inequality Economic problems Job guarantee Efficiency wages Waste of resources Great Depression Minimum wage Implicit contract theory Robert Lucas, Jr. Unemployment rate Reservation wage Unemployed Structural unemployment New classical school Real business cycle
Link from a Wikipage to an external page	https://archive.org/details/encyclopediaofma00bria%7C https://archive.org/details/encyclopediaofma00bria/page/381 http://www.dictionaryofeconomics.com/article%3Fid=pde2008_I000222%7Cdoi=10.1057/9780230226203.0850%7Cpages=566%E2%80%93570%7Cisbn= http://www.dictionaryofeconomics.com/article%3Fid=pde2008_S00052%7Cdoi=10.1057/9780230226203.1497%7Cpages=349%E2%80%93355%7Cisbn= https://archive.org/details/risedeclineofn00olso
sameAs	Involuntary unemployment Involuntary unemployment Involuntary unemployment Involuntary unemployment Involuntary unemployment Involuntary unemployment
dbp:wikiPageUsesTemplate	dbt:Citation dbt:Cite_book dbt:Cite_journal dbt:Reflist dbt:See_also dbt:Sfn dbt:Short_description dbt:Who dbt:Library_resources_box dbt:Employment
thumbnail	wiki-commons:Special:FilePath/Efficiency_wage_Shapiro_Stiglitz.svg?width=300
label	Involuntary unemployment (en)
about	yes (en)
has abstract	Involuntary unemployment occurs when a person is unemployed despite being willing to work at the prevailing wage. It is distinguished from voluntary unemployment, where a person refuses to work because their reservation wage is higher than the prevailing wage. In an economy with involuntary unemployment, there is a surplus of labor at the current real wage. This occurs when there is some force that prevents the real wage rate from decreasing to the real wage rate that would equilibrate supply and demand (such as a minimum wage above the market-clearing wage). Structural unemployment is also involuntary. Economists have several theories explaining the possibility of involuntary unemployment including implicit contract theory, disequilibrium theory, staggered wage setting, and efficiency wages. The officially measured unemployment rate is the ratio of involuntary unemployment to the sum of involuntary unemployment and employment (the denominator of this ratio being the total labor force). (en) Le chômage involontaire est un concept d'économie désignant la situation d'un agent économique souhaitant offrir sa force de travail, mais n'obtenant aucune embauche de la part des entreprises. Le chômage involontaire a fait l'objet de débats économiques. (fr) 非自発的失業（ひじはつてきしつぎょう、英: Involuntary unemployment）とは、人々が現行の賃金水準で働くことを望んでいるにもかかわらずに、就業の機会を得られず、失業状態にある状態を指す。非自発的失業はが現行の賃金水準よりも高いために自ら働かないことを選択する自発的失業とは区別される。 (ja)
by	no (en)
onlinebooks	no (en)
others	no (en)
prov:wasDerivedFrom	wikipedia-en:Involuntary_unemployment?oldid=1025647409&ns=0
page length (characters) of wiki page	10874 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Involuntary_unemployment
is Link from a Wikipage to another Wikipage of	Poverty Psychology List of economic crises Natural rate of unemployment Dennis Snower History of macroeconomic thought Joseph Stiglitz Beveridge curve Culture of poverty Unemployment Unemployment benefits Unemployment benefits in Italy Unemployment in the United States Industrial and organizational psychology Involuntary Pensions in Spain Underclass Welfare culture Constitution of Italy Nanny state

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