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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.

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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. 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)
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  • Involuntary unemployment (en)
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  • 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)
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  • Chômage involontaire (fr)
  • Involuntary unemployment (en)
  • 非自発的失業 (ja)
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