Equilibrium Unemployment and Labour Force Market Flows in the UK
AbstractThe authors argue that equilibrium unemployment has varied in the UK over the last twenty years, and that time series econometric methods have not always been suited to uncovering its evolution. Recent changes in the UK labour market seem to have had a significant impact on equilibrium unemployment, partly through a reduction in prime age participation.
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Bibliographic InfoPaper provided by European University Institute in its series Economics Working Papers with number eco99/3.
Length: 25 pages
Date of creation: 1999
Date of revision:
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UNEMPLOYMENT ; LABOUR MARKET ; UNITED KINGDOM;
Find related papers by JEL classification:
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search
- J20 - Labor and Demographic Economics - - Demand and Supply of Labor - - - General
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