| Chapter 12 Outline |
| I. COSTS OF UNEMPLOYMENT |
| A. Economic Costs |
| 1. For the individual, the greatest economic cost of unemployment is lost income. |
| 2. For society, the greatest economic cost of unemployment is the decrease in goods and services that occurs as a result of the unemployment. |
| B. Noneconomic Costs |
| 1. For the individual, noneconomic costs include adverse effects on mental and physical health, adverse effects on the family, higher rates of alcoholism and drug abuse, and higher crime and suicide rates. |