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Textbook Site for:
Principles of Macroeconomics, Third Edition
John B. Taylor, Stanford University
Internet Exercises
Chapter 7: Unemployment and Employment


Controversy over Labour Statistics

Questions:

Examine the International Labour Organization's document entitled: "Controversy over Labour Statistics."

  1. Explain why the "reference period" is important.
  2. Discuss the advantages and disadvantages of household and establishment surveys as tools to measure employment and unemployment.
  3. Explain why the author(s) of this document argue that measured unemployment statistics for developing economies may be likely to hide serious underemployment problems.


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