voluntary unemployment

Voluntary Unemployment

The number of persons in an economy without jobs because they choose to be unemployed. An example of a voluntarily unemployed person is one who rejects a position while looking for one with better pay or benefits. Most frictional unemployment (unemployment when one is between jobs) is considered voluntary because one is looking for work rather than taking any job one finds. See also: Involuntary unemployment.

voluntary unemployment

UNEMPLOYMENT that results from workers refusing to take paid jobs because they consider that the WAGE RATES for such jobs are too low, particularly in relation to the unemployment and/or other social security benefits they are currently receiving. Contrast INVOLUNTARY UNEMPLOYMENT.

See POVERTY TRAP, SUPPLY-SIDE ECONOMICS.

References in periodicals archive ?
Finnish Entrepreneurs unemployment fund (SYT cashier, also referred to as the contracting entity) aims to improve the quality of life of entrepreneurs and safety of voluntary unemployment insurance.
More precisely, for Keynes to be right we would need voluntary unemployment of all factors of production plus idle capacity in consumer goods industries.
High birth rates, voluntary unemployment and limited modern skill sets have left the ultra-Orthodox sector among the poorest in Israel.
Furthermore, voluntary unemployment is not likely unless patients have other resources for income, which is not the case for most cancer survivors," said the authors.
Meanwhile, AMPTP estimates that crews have lost more than $250 million during the eight weeks of voluntary unemployment -- nearly double the $151 million the writers set out to make in demanding new-media royalties.
d) Author points out that employment among age group of 50-59 have increased and voluntary unemployment has increased among youth.
In a thorough review of the DR economy published in September 2006, the World Bank said, "The unemployment patterns observed in the Dominican Republic can be partially explained by unrealistic expectations on the part of job seekers, voluntary unemployment while workers queue for better work opportunities, poor education quality despite official credentials, and insufficient employer demand for higher skilled labor.
The high levels of unionization in Denmark and Sweden, Galenson notes, have been encouraged and bolstered by the early creation of voluntary unemployment insurance schemes administered and managed by bodies closely affiliated with union organizations, an approach known as the "Ghent system.
Extension of voluntary unemployment disqualification - down 9,000.
Voluntary unemployment becomes a cultural or social phenomenon.

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