Labor Force Behavior and Unemployment in Korea

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The inflow rate plays an important role in the rise of the unemployment rate at the onset of recessions, but is typically less important in the decline of the unemployment rate during recoveries (see Elsby, Hobijn, and Şahin [2010] ). Schoenbaum, Hitler’s Social Revolution (1980), pp. 148, 149. 25. Their savings will lose purchasing power. But the most common error I see is a lack of appreciation that coordination is hard. When unemployment occurs in the short run, the causes of this are different to the factors which produce unemployment in the long run and governments will seek to identify these causes in order to combat and put into place the required policies to reduce this.

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Publisher: Korea Development Institute; First Edition edition (1976)


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