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Unformatted text preview: 401K CalPERS Tax annuity – deferred payment 401K Read “Financing for Social Security” Read Page 147 UNEMPLOYMENT Why do we have unemployment? ECON-205 Lecture (2-20-2008) Full employment Unemployed Underemployment-Example: PhD in Chemistry working as a cashier at Ralph’s Less than full employment Recession-Mild recession: Unemployment between 6-8-9%-Severe recession: Unemployment 11-13% Depression (between 25-40% of labor force is unemployed)- Example: the Great Depression C + I + G Deficit: spending more than what you gain Labor force: about 146 million Unemployment?-Age (16-19 22%)-Black male (30%), white male (12.6%)-Black (14%), white (3.7%), Hispanic (6.7%)-Gender...
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This note was uploaded on 09/26/2009 for the course ECON 205 taught by Professor Kamrany during the Spring '07 term at USC.
- Spring '07