NZIER: Suggestions for unemployment policy

Interesting piece from NZIER on unemployment policies.

It is a fairly broad sweep over the issues – and so does not go into many of the technical or policy related issues of some concepts. However, it provides a clear way of viewing a number of the potential policies.

However, I was surprised to see no mention of the “paradox of thrift” or how unemployment was fundamentally a “surplus” and thereby represented a “market failure”. If we are going to discuss a set of explicit unemployment policies we need these factors to justify it.