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Unformatted text preview: - fewer quits - training- employee relations (good HR functions)- fewer quits- referrals II. Types of Unemployment: Explaining youth unemployment A. Frictional- higher among young 1. One reason why young people may have high frictional unemployment is that young separate from jobs more often. If youre purpose for taking a job is for non-necessary commodities (e.g. paying for a luxury item), youre going to be in the job market more often. Teens are 13 times more likely to move from being employed to unemployed than adults 2. Another reason: ineffective job search havent figured out how to go through an interview, dress for it, fill out for job application. 3. Unemployment insurance? 4. parent (reduce cost of search) B. Demand deficient- when markets dont clear: Process of creaming picking out best workers and paying them high wages wage S rigid wage D1 D2 <unemployed> Q of labor Special minor minimums Minimum wage C. Structural...
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- Spring '07