Frictional unemployment

Question 1

Define frictional unNt

Answer 1

• normal job turnover
• imperfect info on job availability

Question 2

Measures to reduce frictional unNt

Answer 2

• interventionist supply-side policies
• provide info on jobs
• ensure quick and efficient placements of ppl into job vacancies
  -gov employment agencies

Question 3

Reducing frictional unNt in Sg

Answer 3

• Community Development Council (CDC)
• job fairs; provide info and match workers to suitable jobs ASAP

Question 4

Evaluation

Answer 4

• effectiveness depends on willingness of workers to take up job offers
• may be choosy; work hours and effort
• costly to set up job fairs
• opp cost
• can advertise online instead of newspapers (cheaper)