Full Employment: A Survey of Theory, Empirics and Policies
Journal: Kyklos
Year: 2025

ABSTRACT The concept of full employment is associated with diverse economic, political and social aspects. We provide a survey of theory, empirics and policy issues related to full employment. In doing so, we tie together aspects of full employment regarding definitions, theoretical perspectives, empirical measurements, policy debates and real‐world policy programmes. We distinguish concepts of full employment that provide systematic links to price stability, minimum unemployment and maximum emp