Most Spells of Unemployment Are Short, and Most Unemployment Observed

question 215

Essay

Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?

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Definitions:

Collective Efficacy

The shared belief of a group in their combined ability to organize and execute actions required to achieve common objectives.

Shared Beliefs

are common ideas, values, or attitudes held by a group of people, which influence their behavior and decision-making.

Empirically Derived

Developed or generated through direct observation or experience rather than theory or pure logic.

Personality Inventory

A questionnaire (often with true-false or agree-disagree items) on which people respond to items designed to gauge a wide range of feelings and behaviors; used to assess selected personality traits.