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Unemployment, Vacancies and the Long-term Unemployed

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Author Info
Budd, Alan
Levine, Paul
Smith, Peter

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Abstract

This paper is concerned with two related features of the labor market-the ratio of long-term to total unemployment, R, and the relat ionship between unemployment and vacancies (the "U-V curve"). A model is developed to explain R in terms of the average probability that an unemployed person will find a job within a particular time period. When the authors add the empirically confirmed hypothesis that this exit probability is lower for the long-term than it is for the short-term unemployed, the n the model is consistent with the observed pattern of unemployment. Copyright 1988 by Royal Economic Society.

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Publisher Info
Article provided by Royal Economic Society in its journal The Economic Journal.

Volume (Year): 98 (1988)
Issue (Month): 393 (December)
Pages: 1071-91
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Handle: RePEc:ecj:econjl:v:98:y:1988:i:393:p:1071-91

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  3. Jorge Lopez Tamayo & Jordi Surinach Caralt, 1999. "El desempleo espanol: factores estructurales," Working Papers in Economics 53, Universitat de Barcelona. Espai de Recerca en Economia. [Downloadable!]
  4. Van Haeperen, BŽatrice, 1998. "La courbe de Beveridge : Belgique, 1970 - 1993," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 1998019, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). [Downloadable!]
  5. Butter, F.A.G. den & Ours, J.C., 1990. "Stocks and flows in the Dutch labour market : a quarterly simulation model," Serie Research Memoranda 0059, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
  6. Karsten Albæk & Henrik Hansen, . "The Rise in Danish Unemployment: Reallocation or Mismatch?," CAM Working Papers 2004-13, University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics. [Downloadable!]
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  7. Berg, G.J. & Ours, J.C., 1994. "Eyeball tests for state dependence and unobserved heterogeneity in aggregate unemployment duration data," Serie Research Memoranda 0009, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics. [Downloadable!]
  8. Nicolaas Groenewold, 2001. "Long-Run Shifts of the Beveridge Curve and the Frictional Unemployment Rate in Australia," Economics Discussion / Working Papers 01-09, The University of Western Australia, Department of Economics. [Downloadable!]
  9. John Adams, Malcolm Greig, Ronald W. McQuaid, 2001. "Are Spatially Focused Initiatives in Current Economic Inclusion Policies Well Founded?," Local Economy, Taylor and Francis Journals, vol. 16(3), pages 236-248, September. [Downloadable!] (restricted)
  10. Karen Mumford & Peter N. Smith, . "The Hiring Function Reconsidered: On Closing The Circle," Discussion Papers 96/45, Department of Economics, University of York. [Downloadable!]
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  11. Gemma Garcia, 1998. "Unemployment and vacancies in Spain: Labour mismatch and active labour market policy," ERSA conference papers ersa98p182, European Regional Science Association. [Downloadable!]
  12. Bill Collier, 2000. "The UK Wage Curve: New Evidence from the British Household Panel Survey," Studies in Economics 0010, Department of Economics, University of Kent. [Downloadable!]
  13. D. R. Jones & D. N. Manning, 1992. "Long Term Unemployment, Hysteresis and the Unemployment--Vacancy Relationship: A Regional Analysis," Regional Studies, Taylor and Francis Journals, vol. 26(1), pages 17-29, January. [Downloadable!] (restricted)
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  15. Howard J. Wall & Gylfi Zoega, 2001. "The British Beveridge curve: a tale of ten regions," Working Papers 2001-007, Federal Reserve Bank of St. Louis. [Downloadable!]
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  17. Cédric Tille, 1998. "Decomposition of the Unemployment Gap between Canada and the United States: Duration or Incidence?," Canadian Public Policy, University of Toronto Press, vol. 24(s1), pages 90-102, February. [Downloadable!] (restricted)
  18. Karen Mumford & Peter N Smith, . "Men, Women and the Hiring Function," Discussion Papers 99/16, Department of Economics, University of York. [Downloadable!]
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  19. Bruce Chapman & Cezary Kapuscinsky, 2001. "The Transformation of Australia's Population, 1970 to 2030 Labour Force, Employment and Unemployment," CEPR Discussion Papers 436, Centre for Economic Policy Research, Research School of Social Sciences, Australian National University. [Downloadable!]
  20. Jerome Fahrer & Andrew Pease, 1993. "The Unemployment/Vacancy Relationship in Australia," RBA Research Discussion Papers rdp9305, Reserve Bank of Australia. [Downloadable!]
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