EBK ECON: MACRO4
EBK ECON: MACRO4
4th Edition
ISBN: 9781305562097
Author: MCEACHERN
Publisher: CENGAGE LEARNING - CONSIGNMENT
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Chapter 7, Problem 1.3PA
To determine

Types of Unemployment

Concept Introduction:

a. Frictional unemployment arises due to the fact that people moving from one job to another.

b. Structural unemployment refers to the unemployment that arises due to the technological or policy changes and also due to the fluctuations in the demand and supply.

c. Seasonal unemployment is the unemployment that arises due to the mismatch between skills required and also due to the seasonal demand of products.

d. Cyclical unemployment is the unemployment that arises due to the cyclical trends in the growth and production.

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Write a summary of the article "Are Emily and Greg more employable than Lakisha and Jamal? A field experiment on labor market discrimination" by Bertrand and Mullainathan (2004). 1200 words aproximately. In the first part of your summary, address the following questions based on the article: 1. What is the research question, and why is it important? 2. What are the main contributions of this study to the literature? 3. What empirical method is used to address the research question? What are the key assumptions for the method? 4. What data are used in the empirical analysis? 5. What are the main findings and conclusions of the paper? In addition to answering these questions, add your own comments, thoughts, or criticisms. For example, you can consider whether you are convinced by the methodology or results and explain why. You can discuss the main advantages of the paper, as well as its main drawbacks or limitations. You may also suggest potential areas for future research that could…
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