Unemployment as a Measure of Economic Hardship in the Philippines

Date

6-2023

Degree

Bachelor of Science in Economics

College

College of Economics and Management (CEM)

Adviser/Committee Chair

Dr. Gideon P. Carnaje

Committee Member

Agham C. Cuevas

Abstract

This study examined the economic hardship experienced by the unemployed and compared it with the economic hardship experienced by the other members of the working age population. First, it compared the poverty status of the unemployed with the poverty status of the employed and out of the labor force. Second, it presented the socio-economic profile of the unemployed in the Philippines to help explain the fact that being unemployed does not mean more likely to be poor than being employed. Lastly, it discussed the economic hardship experienced by the employed.

All in all, data from the 2018 merged Labor Force Survey-Family Income and Expenditure Survey revealed that the unemployment rate could be a misleading indicator of relative welfare and economic hardship among workers at a particular period of time and that, from a poverty status perspective, underemployment, especially visible underemployment, is more of a problem than unemployment. Therefore, the focus of employment policy should be generation of “good jobs” rather than unemployment reduction.

Language

English

LC Subject

Unemployment

Location

UPLB College of Economics and Management (CEM)

Call Number

LG 993.5 2023 E2 G36

Notes

Viewing access to electronic resources is restricted solely to UP Gmail accounts. Any access and share requests from external organizations and personal email accounts will be promptly declined.

Document Type

Thesis

Link to Full Text

Share

COinS