Macro-economic Implications of Long-Term Unemployment
The effects of a sustained high level of LTU are many. The effects on the individual suffering LTU have already been discussed in the previous chapters and it is now appropriate to look at the broader implications in the macro-economic sense, which includes examination of the costs that a high level of LTU imposes on a country in terms of both direct and indirect losses. Subsequent discussion looks briefly at the nature and implications of these costs and goes further to assess some of the ways in which the problem of LTU has been attacked by the various national or local governments.
KeywordsLabour Market International Perspective Local Labour Market Unemployed Person Sustained High Level
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