Esta web utiliza cookies para que podamos ofrecerte la mejor experiencia de usuario posible. La información de las cookies se almacena en tu navegador y realiza funciones tales como reconocerte cuando vuelves a nuestra web o ayudar a nuestro equipo a comprender qué secciones de la web encuentras más interesantes y útiles.
Publications
An index of unemployment slack
Villar, A.
Year of publication: 2025
Keywords: Underemployment, unemployment, unemployment duration, labour slack.
JEL Classification: E24, J21, J60
DOI: http://doi.org/10.12842/WPIVIE_0525
Abstract
This paper proposes a way of measuring insufficient employment that incorporates underemployment duration as an integral part. The index of labour slack (ILS) is built as the distance between individual labour slacks and the ideal distribution with no slacks. The resulting formula is intuitive and easy to compute. It can be expressed as the product of two terms, one measuring the incidence and the other a combination of intensity and persistence. A simplified version permits a direct application using conventional labour force surveys as reference.