The global crisis has led to dramatic increases in unemployment rates over most of the countries of the OECD. This book provides alternative explanations of this phenomenon. Junankar begins with surveys of the labour market: labour demand, labour supply, and labour force participation. He argues that the growth of unemployment and long-term unemployment is mainly due to a lack of aggregated demand and not due to high unemployment benefits. Economics of the Labour Market shows that unemployment and long-term unemployment impose serious and significant costs on individuals, families, and society in general.
Raja Junankar focuses on vital social issues arising from the malfunctioning of economies and this collection of essays tackles the real cost of unemployment.

Autorentext
Raja Junankar studied at the London School of Economics, and has a PhD from the University of Essex, UK. He has held research and teaching appointments in Australia, Britain, Canada, France, Germany, India, and the USA. He has published several books and refereed papers in leading national and international journals. He is an Emeritus Professor, University of Western Sydney and Honorary Professor, UNSW, Australia.

Zusammenfassung

The book would provide an important analysis of the labour market, including the problems of youth labour markets, unemployment, long-term unemployment, and the costs of unemployment. It provides alternative explanations of unemployment. It discusses the role of unemployment benefits, minimum wages, and aggregate demand on unemployment.

Inhalt

1. Introduction
2. The Labour Market
   2.1 Junankar, P.N. (2008) 'Labor Economics', (Darity, William A., Jr. International Encyclopedia of the Social Sciences, 2nd edition. 9 vols. Detroit: Macmillan Reference USA, 2008.)
   2.2 Junankar, P.N. (2008) 'Demand for Labor', (Darity, William A., Jr. International Encyclopedia of the Social Sciences, 2nd edition. 9 vols. Detroit: Macmillan Reference USA, 2008.)
   2.3 Junankar, P.N. (2008) 'Supply of Labor', (Darity, William A., Jr. International Encyclopedia of the Social Sciences, 2nd edition. 9 vols. Detroit: Macmillan Reference USA, 2008.)
   2.4 Junankar, P.N. (2008) 'Labor Force Participation' (Darity, William A., Jr. International Encyclopedia of the Social Sciences, 2nd edition. 9 vols. Detroit: Macmillan Reference USA, 2008.)
   2.5 Junankar, P.N. (2004) "Employment and Unemployment", in The Social Science Encyclopedia, (Third Edition), edited by Adam Kuper and Jessica Kuper, London: Routledge, pp. 294-297.
   2.6 Junankar, P.N & Liu Jin (2003) 'Estimating the social rate of return to education for Indigenous Australians', Education Economics, 11 (2), August 2003, 169-190.
   3 Youth Labour Markets
   3.1 Junankar, P.N (1987)"The British Youth Labour Market in Crisis", International Review of Applied Economics, Vol 1, No. 1, 1987, pp. 48-71.
   3.2 Junankar, P.N & A.J. Neale (1987) "Relative Wages and the Youth Labour Market", From School to Unemployment? Labour Market for Young People (Ed.) P.N. Junankar, Macmillan,1987, (pp. 79-107).
   3.3 Junankar, P.N., M. Waite & G. Belchamber (2000) "The Youth Labour Market: Anecdotes, Fables and Evidence" in Employment and Labour Relations Review, Supplement to Volume 11, 159-186.
   3.4 Junankar, P.N & Margaret Wood (1992) "The Dynamics of Unemployment: An Analysis of Recurrent Unemployment", in Youth in the Eighties: Papers from the Australian Longitudinal Surveys (Eds.) R.G. Gregory and T. Karmel, Canberra: Department of Employment, Education and Training & Centre for Economic Policy Research, ANU, Canberra, 1992, (pp. 282-304).
   3.5 Junankar, P.N. (Raja) (2015) The Impact of the Global Financial Crisis on Youth Unemployment', Economic and Labour Relations Review, 26 (2), pp. 1-27.
   3.6 Manning, C. & P.N. Junankar (1998) 'Choosy Youth or Unwanted Youth? A Survey of Unemployment', Bulletin of Indonesian Economic Studies, 34 (1), April, 1998, 55-93.
3. Unemployment
   4.1 Junankar, P.N (1981) "An Econometric Analysis of Unemployment in Great Britain, 1952-75", Oxford Economic Papers, Vol. 33, No. 3, November 1981 (pp. 387-400).
   4.2 Junankar, P.N & S. Price (1984) "The Dynamics of Unemployment: Structural Change and Unemployment Flows" Economic Journal, Vol. 94, March 1984 (pp. 158-165).
   4.2 (a) Junankar, P.N & S. Price (1984) Erratum
   4.3 Chapman, B.J., S.J. Dowrick, & P.N. Junankar (1991) "Perspectives on Australian Unemployment: The Impact of Wage-setting Institutions" in Australian Economic Policy: Conference Proceedings, (Ed.) F.H. Gruen, Centre for Economic Policy Research, Australian National University, Canberra, 1991, (pp. 21-57).
   4.4 Junankar, P.N & C.A. Kapuscinski (1991) "Aboriginal Employment and Unemployment: An Overview", Economic Papers, Vol. 10, No. 4, pp. 30-43.
   4.5 Junankar, P.N. (1999) 'Unemployment in Australia: Models, Myths and Mysteries', Economic Papers, 18 (1), 11-32.
   4.6 Junankar, P.N (2000) 'Are Wage Cuts the Answer? Theory and Evidence' in The Unemployment Crisis in Australia: Which Way Out? (Ed.) Stephen Bell, Cambridge University Press, Cambridge.
   4.7 Junankar, P.N (1985) "The Political Economy of Unemployment: Causes and Consequences", Political Quarterly Vol. 56, No. 1, Jan-March 1985 (pp. 56-67).
4. Long Term Unemployment
   5.1 Chapman, B.J., P.N. Junankar & C.A. Kapuscinski (1992) "Projections of Long Term Unemployment", Australian Bulletin of Labour, Vol. 18, No. 3, September 1992, pp.195-207.
   5.2 Junankar, P.N. & C.A. Kapuscinski (1998) 'Was Working Nation Working?' Journal of Industrial Relations, March 40 (1), 25-41.
5. Costs of Unemployment
   6.1 Junankar, P.N (1989) "Unemployment in the European Community: Counting the Costs", in Unemployment in Europe, edited by J. Muysken and C. de Neubourg, London: Macmillan, 1989, (pp. 269-280).
   6.2 Junankar, P.N. & C.A. Kapuscinski (1992) The Costs of Unemployment in Australia, Economic Planning Advisory Council, Background Paper No. 24, Canberra, AGPS, 1992, (Pp. 63).
   6.3 Junankar, P.N (1991) "Unemployment and Mortality in England and Wales: A Preliminary Analysis", Oxford Economic Papers, Vol.43, 1991, pp.305-320.

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