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Title:The reserve army of labour in the postwar U.S. economy: Some stock and flow estimates PDF Logo
Authors:Basu, Deepankar
Issue Date:2012
Series/Report no.:Working Paper, University of Massachusetts, Department of Economics 2012-03
Abstract:This paper presents some estimates of the stock of the reserve army of labour, and flows into and out of the reserve army of labour for the postwar U.S. economy. Estimates of stocks are presented for the period 1948 - 2011 at a monthly frequency; 6 month moving average estimates of flows into and out of the reserve army of labour are presented for the period 1990 - 2011. Some interesting patterns in the stock and flow data are pointed out, and it is suggested that this data base on the active and reserve army of labour can be used for empirical analysis of the labour market from a Marxian theoretical perspective.
Subjects:Marxian political economy
reserve army of labour
labour market
JEL:B51
O1
Document Type:Working Paper
Appears in Collections:Working Papers, Department of Economics, University of Massachusetts

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