Overemployment

In economics , overemployment is when the number of vacancies is greater than the number of unemployed .

Overemployment is therefore present if there are more vacancies ( ) than unemployed ( ): ${\displaystyle A_{A}}$ ${\displaystyle A_{N}}$

${\displaystyle A_{A}}$> . ${\displaystyle A_{N}}$

There was long-term overemployment in the Federal Republic of Germany from 1960 to 1973. During the economic miracle , unemployment , which was still high in 1949, was completely reduced. There was full employment achieved, but the continued increase in consumer demand led to the over-employment, which is first in overtime , or an increase in the labor intensity showed. Sharply rising labor incomes signaled the scarcity of the production factor labor . The shortage of labor has been more than two million from December 1955 Foreign covered.

Only the massive wage increases between 1969 and 1973 under Federal Chancellor Willy Brandt and then the oil crisis ended this phase of overemployment.

The terms full employment and underemployment must be distinguished from overemployment. Full employment exists if

${\displaystyle A_{A}}$= , ${\displaystyle A_{N}}$

Underemployment accordingly, if

${\displaystyle A_{A}}$< . ${\displaystyle A_{N}}$

The terms full employment, overemployment and underemployment are used analogously in business administration , see Employment (cost accounting) .

See also

• Say's theorem

literature

• F.-J. Hillebrand, J. Krieger, F. Reuter: Introduction to economics for commercial vocational schools. Stam Verlag, Munich 1994, p. 49