Work and welfare in the years ahead / R.G. Gregory.

Abstract

During a typical week of 1981 the average unemployed person was on the way to completing an unemployment spell of seventy weeks. The average worker was on the way to completing a job tenure of twelve years. Most unemployed persons are drawn either from outside the labour force or from those whose previous job was of short tenure. These and other facts are used to explain why money and real wages appear to be only loosely related to excess supply in the labour market. Show more