involuntary unemployment

involuntary unemployment
Unemployment in which workers who would be willing to work for lower wages than those in employment are still unable to find work. J M Keynes (1883–1946) argued that recessions are characterized by involuntary unemployment because firms may be unwilling or unable to cut the wages of workers they employ. Although neoclassical economists have found difficulty accepting this concept, a number of theories have been suggested to explain it (see human capital).

Accounting dictionary. 2014.

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  • involuntary unemployment — ➔ unemployment …   Financial and business terms

  • involuntary — in·vol·un·tary /in vä lən ˌter ē/ adj: done, made, or initiated contrary to or without one s choice an involuntary confession an involuntary lien an involuntary plaintiff joined in the action in·vol·un·tar·i·ly adv Merriam Webster’s Dictionary of …   Law dictionary

  • involuntary — UK US /ɪnˈvɒləntəri/ adjective ► not done by choice, or not done as a result of someone s decision or intention: »Involuntary unemployment means that you suffer a total loss of salary as the result of the loss of employment. »The number of… …   Financial and business terms

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  • unemployment insurance — a government program that provides a limited number of payments to eligible workers who are involuntarily unemployed. [1920 25] * * * Form of social insurance designed to compensate workers for short term, involuntary unemployment. It was created …   Universalium

  • Unemployment benefits in Italy — In Italy, unemployment benefits are guaranteed by the Constitution. In article 38 ( Economic relations ) it is stated that workers have the right that means adequate to their life needs are provided and assured, in case of injury, illness,… …   Wikipedia

  • involuntary — [[t]ɪnvɒ̱ləntri, AM teri[/t]] 1) ADJ If you make an involuntary movement or exclamation, you make it suddenly and without intending to because you are unable to control yourself. Another surge of pain in my ankle caused me to give an involuntary… …   English dictionary

  • unemployment insurance — noun Date: 1923 social insurance against involuntary unemployment that provides unemployment compensation for a limited period to unemployed workers; also unemployment compensation …   New Collegiate Dictionary

  • Involuntary celibacy — (or incel) is the state of a person who has not established an intimate relationship or engaged in sexual intercourse for reasons other than voluntary celibacy or sexual abstinence. The term is used especially for adults who, despite general… …   Wikipedia

  • unemployment — noun ADJECTIVE ▪ double digit (esp. AmE), high, huge, mass, massive, severe, widespread ▪ low ▪ grow …   Collocations dictionary

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