Decreasing Unemployment Increases Welfare.
- Resource Type
- Article
- Authors
- Jacobsen, Hans Jorgen; Schultz, Christina
- Source
- Scandinavian Journal of Economics; 1992, Vol. 94 Issue 3, p491, 6p
- Subject
- UNEMPLOYMENT
PUBLIC welfare
- Language
- ISSN
- 03470520
Shows that a decrease in unemployment increases welfare. Assumption of an economy where preferences and production sets are smooth; Creation of a Pareto improvement by increasing employment; Voluntary unemployment allocation.