 | Martin S. Feldstein, United States. Congress. Joint Economic Committee - 1973 - 112 pages
...in an industry that is not cyclically sensitive. If there were no unemployment compensation, workers could be induced to accept such unstable jobs only...find alternative work. The pay differentials among ' For example, in Massachusetts in the year ending June 30, 1970, there were more than 485,000 initial... | |
 | 1980 - 928 pages
...jobs if these jobs paid higher wage rates than those of more stable positions. These pay differentials would reflect the chances of being laid off and the expected duration of unemployment. The higher labor costs in unstable jobs would induce employers to reduce instability, and would also... | |
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Similarly, a worker in a casual or temporary job or in a highly cyclical industry knows that he is much more likely to be laid off than a worker with a regular job in an industry that is not cyclically sensitive. If there were no unemployment compensation,... 