## Abstract Recent reforms on stateโowned enterprises have led to millions of workers retrenched. This paper presents two theoretical models, one to explain why firms have to layโoff workers, and the other to explain how redundancy can affect poverty. Both firstโhand and official survey data are us
Poverty and unemployment: A cultural approach
โ Scribed by Jean-Luc Grosso; Teresa L. Smith
- Publisher
- John Wiley and Sons
- Year
- 2011
- Tongue
- English
- Weight
- 308 KB
- Volume
- 54
- Category
- Article
- ISSN
- 1096-4762
No coin nor oath required. For personal study only.
โฆ Synopsis
Abstract
For years, policymakers, business leaders, human resources professionals, and economists have attempted to explain the existence of unemployment. Unemployment inhibits the economic growth of a nation and contributes to the problem of ongoing poverty, which cannot be lessened without that growth. Understanding the causes of unemployment and developing policies and programs to decrease it are vitally important for nations around the world, but one key variable in the study of unemployment has been overlooked. That variable is culture. This article will show that culture can significantly explain crossโnational differences in unemployment rates and offers a link to understanding the global problem of poverty that plagues nations today. ยฉ 2012 Wiley Periodicals, Inc.
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