In Keynesian economics, underemployment equilibrium is a situation with a persistent shortfall relative to full employment and potential output so that...

maximize profits. Finally, Keynesian macroeconomics points to underemployment equilibrium, where a surplus of labor (i.e., cyclical unemployment) co-exists...

Underemployment is the underuse of a worker because their job does not use their skills, offers them too few hours, or leaves the worker idle. It is contrasted...

market Sunspot equilibrium, an economic equilibrium in which non-fundamental factors affect prices or quantities Underemployment equilibrium, a situation...

fundamentals) and animal spirits. Coordination failure can lead to an underemployment equilibrium. Coordination failure also implies that fiscal policy can mitigate...

triggers a multiplier effect which draws the economy toward underemployment equilibrium. By the same token, strong demand results in unplanned reduction...

fell slowly. John Maynard Keynes explained that situation as an underemployment equilibrium where skeptic business prospects prevent companies from hiring...

replied that secular stagnation was just another name for Keynes's underemployment equilibrium. However, the sustained economic growth, beginning in 1940, undercut...

on the role of deviation from equilibrium in economics. This approach is also known as non-Walrasian theory, equilibrium with rationing, the non-market...

expectations are rational. Azariadis, C. 1975. Implicit contracts and underemployment equilibria. Journal of Political Economy, 83: 1183-1202 Azariadis,...

[71]). Includes a 65-page synthesis by Charles Bean and Drèze. 5. Underemployment Equilibria: Essays in Theory, Econometrics and Policy, Cambridge University...

policy is used to tackle underemployment, it will put the economy on a trajectory that applies the principles of classical equilibrium analysis to explain...

International Affairs v 20 (1944) #2 (April), pp. 157–65. Disguised Underemployment and Under-employment in Agriculture, (1956). "Uwagi o teorii 'wielkiego...

100 LU2: Combined rate of time-related underemployment and unemployment: [(persons in time-related underemployment + persons in unemployment) / labour force]...

retrieved 21 April 2013 Azariadis, C. (1975). "Implicit contracts and underemployment equilibria". Journal of Political Economy. 83 (6): 1183–202. doi:10...

of the largest rates for countries with over 5 million inhabitants. Underemployment among fresh and senior graduates has increased since the early 1990s...

manufacturers, were notorious for precarious employment prospects. Underemployment was chronic during this period, and it was common practice to retain...

cyclical. An economy with full employment might also have unemployment or underemployment where part-time workers cannot find jobs appropriate to their skill...

game that has become a popular instrument of economic experiments. underemployment Working at a job for which one is overqualified, or working part-time...

to the marginal product of labour and the labour market is always in equilibrium. In the context of the labor market, an implicit contract is an employment...

primitive sector and takes the economic situation of unemployment and underemployment of resources into account, unlike many other growth models that consider...

of population growth and dependency burdens, high unemployment and underemployment, technological backwardness. Additionally, they exhibit 'dualism',...

HASTAC. Retrieved 2016-12-21. Daniel Araya (2016-01-11). "Education and underemployment in the age of machine intelligence | Brookings Institution". Brookings...

achieving a projected 5% GDP growth target, youth unemployment and underemployment remain critical challenges for policymakers and society alike. China...

Multidimensional Poverty Index Working poor Precariat Freeter Coolie Underemployment McJob Pea-picker Menial job Child labour Domestic worker Gig worker...

village. Unemployment in 2007 was estimated at 9.4%; chronic issues are underemployment, low employability of youth, and a low female labour participation...

inclemency of the climate and, above all, the very high unemployment and underemployment prevailing in the Calabrian labor scene. The Parliamentary Commission...

redistribution were taken. No alternative industrial jobs were developed and underemployment was high in rural areas. The socialist politician Bolesław Limanowski...

decreased by 0.1 points to 8.8%. According to the ABS, in April 2025, the underemployment rate increased by 0.1 points to 6.0%, while the underutilisation rate...

difficult. Economists who contradicted the law, which inferred that underemployment and underinvestment (coupled with over-saving) were virtually impossible...