In every modern economic system, there is a share of individuals in the labor force who are in between employment. What that share is depends entirely on the institutions of the systems those people are in, and so there isn’t one golden rule figure to spit out.
In every modern economic system, there is a share of individuals in the labor force who are in between employment. What that share is depends entirely on the institutions of the systems those people are in, and so there isn’t one golden rule figure to spit out.
I think some economists tried to figure out what the share of unemployed people was supposed to be but there is no golden rule yet