Unemployment and economic welfare
Abstract: Statistics that measure labor market activity are often interpreted as measures of economic performance and social well being. This article demonstrates that such interpretations are not justified in the absence of information concerning the economic circumstances that determine individual labor market choices.
File(s): File format is text/html http://www.clevelandfed.org/Research/review/1998/98-q3-andolfatto.pdf
Provider: Federal Reserve Bank of Cleveland
Part of Series: Economic Review
Publication Date: 1998
Issue: Q III