• Debt Protection lets your credit union reduce or discharge the members' debts in the event of death, disability, involuntary unemployment, family medical leave of absence and other events. (ciscuso.com)
  • In the event of disability or involuntary unemployment, payment protection is there to continue payments or pay off your borrower's loan in the event of their death. (swbc.com)
  • You are not currently eligible to claim on involuntary unemployment and disability benefits ( Loan Repayment Cover). (commbank.com.au)
  • Warning: If you remove your Loan Repayment Cover, you will be removing your unemployment and disability benefits from your policy. (commbank.com.au)
  • It is distinguished from voluntary unemployment, where a person chooses not to work because their reservation wage is higher than the prevailing wage. (wikipedia.org)
  • Short-term income protection insurance ensures you receive a regular payment in place of your wages in the event of illness, injury or involuntary redundancy (it doesn't cover voluntary redundancy). (money.co.uk)
  • Following earlier disequilibrium research including that of Robert Barro and Herschel Grossman, work by Edmond Malinvaud clarified the distinction between classical unemployment, where real wages are too high for markets to clear, and Keynesian unemployment, involuntary unemployment due to inadequate aggregate demand. (wikipedia.org)
  • In Malinvaud's model, classical unemployment is remedied by cutting the real wage while Keynesian unemployment requires an exogenous stimulus in demand. (wikipedia.org)
  • Starting from a Neoclassical growth model, as the Solow model, we introduce a mechanism that allows us to determine the Keynesian unemployment, i.e. unemployment that is caused by the weakness of the aggregate demand. (cepii.fr)
  • Using our base model, that works as a Keynesian demand-driven model, we find that an increase in the aggregate demand (due to a reduction in the saving rate or to an increase in public expenditures) reduces unemployment and stimulates the GDP. (cepii.fr)
  • A Theory of Dual Labor Markets with Application to Industrial Policy,Discrimination, and Keynesian Unemployment ," Journal of Labor Economics , University of Chicago Press, vol. 4(3), pages 376-414, July. (repec.org)
  • A Theory of Dual Labor Markets with Application to Industrial Policy, Discrimination and Keynesian Unemployment ," NBER Working Papers 1666, National Bureau of Economic Research, Inc. (repec.org)
  • Economists have several theories explaining the possibility of involuntary unemployment including implicit contract theory, disequilibrium theory, staggered wage setting, and efficiency wages. (wikipedia.org)
  • This type of involuntary unemployment is consistent with Keynes' definition while efficiency wages and implicit contract theory do not fit well with Keynes' focus on demand deficiency. (wikipedia.org)
  • Finally, a two-sector version of the model makes some predictions about the relationships between turnover and wages and between wages, growth and unemployment. (repec.org)
  • As such, after certain economic disruptions, wages might not be able to drop in line with underlying economic fundamentals, leading to increased unemployment. (frbsf.org)
  • By contrast, working outside the home in a particular industry exposes workers to the wages and amount of unemployment in that sector. (frbsf.org)
  • It is, on the contrary, a theoretical construct which Keynes introduced in the hope it would be helpful in discovering a correct explanation for a genuine phenomenon: large-scale fluctuations in measured, total unemployment. (wikipedia.org)
  • High poverty rates among younger workers largely reflect the lower earnings and higher rates of unemployment associated with having relatively little education and work experience. (bls.gov)
  • We also find evidence of unemployment scarring effects: substantial experience of unemployment has long-term consequences for the wellbeing workers experience in their current jobs, even controlling for the quality of those jobs. (repec.org)
  • During short spells of unemployment, workers are able to rely on their savings and unemployment, while during long spells serious deprivation sets in. (tcf.org)
  • For example, the mean duration of unemployment for black or African-American workers is consistently higher than their white counterparts And the black unemployment rate stands at 7.4 percent this month -far greater than the 3.8 percent for whites-a level that would be considered recessionary if applied to the overall population. (tcf.org)
  • It is important to do research on people that are working, but yet are poor, because this would shed a light on such workers who might disappear from statistics on social exclusion, such as those on unemployment. (lu.se)
  • Extending standard models of international trade, which assume that there is full employment at all times, our framework incorporates the possibility that unemployment could increase after economic disruptions. (frbsf.org)
  • She was unable to obtain other employment because she would not work on Saturday, and she filed a claim for unemployment compensation benefits under the South Carolina Unemployment Compensation Act, which provides that a claimant is ineligible for benefits if he has failed, without good cause, to accept available suitable work when offered him. (chanrobles.com)
  • a) Disqualification of appellant for unemployment compensation benefits, solely because of her refusal to accept employment in which she would have to work on Saturday contrary to her religious belief, imposes an unconstitutional burden on the free exercise of her religion. (chanrobles.com)
  • unemployment compensation benefits under the South Carolina Unemployment Compensation Act. (chanrobles.com)
  • The unemployment compensation is paid after the involuntary loss of employment. (sepe.es)
  • If a borrower loses their job as a result of a layoff or similar event the borrower had no control over, credit involuntary unemployment insurance will cover a certain number of loan payments during this event. (swbc.com)
  • True credit insurance products are insurance products that protect the creditor first, in the event of non-payment by the debtor coupled with a triggering event that is the subject of the credit insurance product (for example, death, disability, or involuntary unemployment). (dentons.com)
  • A short-term version of income protection, sometimes called unemployment insurance , will cover involuntary redundancy. (money.co.uk)
  • The officially measured unemployment rate is the ratio of involuntary unemployment to the sum of involuntary unemployment and employment (the denominator of this ratio being the total labor force). (wikipedia.org)
  • We construct a monetary model in which: i) the unemployed are worse off than the employed, i.e. unemployment is involuntary and ii) the labor force participation rate varies with the business cycle. (europa.eu)
  • In addition, the model does well at accounting for the response of the labor force and unemployment rate to these three shocks. (europa.eu)
  • The unemployment rate remained unchanged at 4.3 percent, still the lowest since March 2001. (tcf.org)
  • On the face of it, the unemployment rate measure has vastly improved, so much so that some are some are saying that the nation is approaching full employment. (tcf.org)
  • The average unemployed person is out of work for 24.9 weeks, compared to an average duration of 12.8 weeks the last time the unemployment rate was at 4.3 percent, in March 2001 . (tcf.org)
  • So even with an unemployment rate below 5 percent, bouts of unemployment are longer, a sign that many are struggling to find work-over 1.78 million people have been out of work for six months or more. (tcf.org)
  • The official unemployment rate in Australia is "only 5.9%" and that has got to be close to full employment - hasn't it? (independentaustralia.net)
  • After all, in 1992, the official unemployment rate was about twice this level. (independentaustralia.net)
  • When Robert Menzies was prime minister in the 1950s and '60s - and even after him, until as late as the mid-1970s - the official unemployment rate was a reasonable guide to the state of the labour market, and the ease of finding secure and long term employment. (independentaustralia.net)
  • Shapiro and Stiglitz, developers of an influential shirking model, stated "To us, involuntary unemployment is a real and important phenomenon with grave social consequences that needs to be explained and understood. (wikipedia.org)
  • Full employment has been ruled out as an impossibility, or absurdly defined to be the same thing as 15% unemployment or underemployment. (independentaustralia.net)
  • He is not calling for full employment, not calling for a green job guarantee, not advocating for the abolition of involuntary unemployment and of insecure employment, not calling for an extension in the variety of activities deemed worthy of recognition with pay, and not challenging the balance budget myth. (independentaustralia.net)
  • Measuring labor in efficiency units might be an OK approximation if we cared about GNP, but if we care about employment and unemployment (as Krugman regularly insists we should) we have to think about people not units of efficient labor. (angrybearblog.com)
  • Mancur Olson argued that real world events like the Great Depression could not be understood without the concept of involuntary unemployment. (wikipedia.org)
  • There was a download involuntary always at Edea, so the French meant understood a contact deal and a bit. (menopausehysterectomy.com)
  • Other economists do not believe that true involuntary unemployment exists or question its relevance to economic theory. (wikipedia.org)
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  • In the case of involuntary unemployment, the amount of the salary, the distance to the job and the type of work are irrelevant. (collegesanduniversitiesinusa.com)
  • Many economic theories have been motivated by the desire to understand and control involuntary unemployment. (wikipedia.org)
  • In this context, disruptions to the flow of products between countries can affect the U.S. labor market in significant ways, impacting labor force participation, unemployment, and the distribution of jobs across industries. (frbsf.org)
  • He argued against economists who denied involuntary unemployment and put their theories ahead of "common sense and the observations and experiences of literally hundreds of millions of people. (wikipedia.org)
  • The political open had download involuntary unemployment: the who traveled record of the medical meta-analytic loss month that had a policy to go in East Germany. (menopausehysterectomy.com)
  • Another 19.2 percent were students, caretakers, or those who faced a spell of involuntary unemployment during the year. (vox.com)
  • Para eso, nos basamos en los modelos: ecológico, de causación social y biopsicosocial. (bvsalud.org)
  • El empobrecimiento del medio social, la pérdida de apoyos sociales, los crecientes conflictos en la familia, la atribución de culpa por la ruptura de la presa y la decadencia económica de la ciudad contribuyeron para reforzar los sentimientos de malestar, depresión y ansiedad. (bvsalud.org)
  • Declines in production and a decrease in demand favor cyclical unemployment. (collegesanduniversitiesinusa.com)
  • Additionally, the model recognizes the demand side driven rationing risk that might prevent individuals from realizing their optimal labor supply state, resulting in involuntary unemployment. (ssrn.com)
  • He concludes that the state cannot boost demand through the creation of money, lest unemployment rise in the same proportions. (cadtm.org)
  • Certain communities also endure longer bouts of unemployment and higher unemployment rates by being historically excluded from higher paying, higher-quality jobs. (tcf.org)
  • For many economists, involuntary unemployment is a real-world phenomenon of central importance to economics. (wikipedia.org)
  • Lucas dismissed the need for theorists to explain involuntary unemployment since it is "not a fact or a phenomenon which it is the task of theorists to explain. (wikipedia.org)