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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 you’re purpose for taking a job is for non-necessary commodities (e.g. paying for a luxury item), you’re 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 – haven’t 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 don’t 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
- Unemployment, $500, unemployment A. Frictional