On the social opportunity cost of unemployment

IF 3.3 3区经济学 Q1 DEVELOPMENT STUDIES

Journal of Economic Policy Reform Pub Date : 2020-06-26 DOI:10.1080/17487870.2020.1785300

P. Johansson, B. Kriström

引用次数: 4

Abstract

ABSTRACT The handling of unemployment is a central issue in cost–benefit analysis. Typically, the shadow price of employing an unemployed is derived by considering a marginal change in the employment constraint faced by an unemployed or rather an underemployed. In contrast, in this paper, we consider the discrete shift from unemployment to (full) employment. The result provides guidance how to estimate the social cost of recruiting otherwise unemployed to a project. It is shown that the social cost is overestimated by using the private reservation wage. The common practice of adding different cost items is shown to be flawed.

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论失业的社会机会成本

摘要失业问题的处理是成本效益分析的核心问题。通常，雇用失业者的影子价格是通过考虑失业者或就业不足者所面临的就业约束的边际变化而得出的。相反，在本文中，我们考虑了从失业到（充分）就业的离散转变。该结果为如何估计项目招聘失业人员的社会成本提供了指导。研究表明，使用私人保留工资高估了社会成本。添加不同成本项目的常见做法被证明是有缺陷的。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Economic Policy Reform Multiple-

CiteScore

6.60

自引率

0.00%

发文量

期刊介绍： The Journal of Economic Policy Reform focuses on the analysis of economic policy reform. The journal draws upon what lessons can be learned from the successes and failures of countries undertaking reforms and how existing theories can be developed to shed light on positive as well as normative aspects of the reform process. The Journal of Economic Policy Reform encourages work from economists and political economy analysts on policies to promote growth and reduce poverty, intellectual property rights, aid versus trade, debt and debt relief, taxation and social security systems, surveys of key reform issues, as well as on corruption, democracy, emerging markets and the role of multilateral institutions.