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The measurement and interpretation of vacancy data and the dynamics of the Beveridge-curve: The German case

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  • Franz, Wolfgang
  • Smolny, Werner

Abstract

This paper is devoted t.o an interpretation of both vacancy data and the Beveridgecurve. Officially reported vacancy data are critically reviewed. The theoretical foundation and empirical application of the Beveridge-curve is examined. We find that the Beveridge-curve is everything but a straightforward tool to analyze structural unemployment. More insights especially in the dynamics of the Beveridge-curve are obtained by integrating this relationship into a macroeconomic disequilibrium framework.

Suggested Citation

  • Franz, Wolfgang & Smolny, Werner, 1993. "The measurement and interpretation of vacancy data and the dynamics of the Beveridge-curve: The German case," Discussion Papers 4, University of Konstanz, Center for International Labor Economics (CILE).
    • Handle: RePEc:zbw:koncil:4
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    References listed on IDEAS

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    1. Franz, Wolfgang & Konig, Heinz, 1990. "A disequilibrium approach to unemployment in the Federal Republic of Germany," European Economic Review, Elsevier, vol. 34(2-3), pages 413-422, May.
    2. Pissarides, Christopher A, 1985. "Short-run Equilibrium Dynamics of Unemployment Vacancies, and Real Wages," American Economic Review, American Economic Association, vol. 75(4), pages 676-690, September.
    3. Oliver Jean Blanchard & Peter Diamond, 1989. "The Beveridge Curve," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 20(1), pages 1-76.
    4. Palm, Franz C & Pfann, Gerard A, 1990. "Interrelated Demand Rational Expectations Models for Two Types of Labour," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 52(1), pages 45-68, February.
    5. Christopher A. Pissarides, 1992. "Search Theory at Twenty-One," CEP Discussion Papers dp0090, Centre for Economic Performance, LSE.
    6. Bent Hansen, 1970. "Excess Demand, Unemployment, Vacancies, and Wages," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 84(1), pages 1-23.
    7. Smolny, Werner, 1992. "Dynamic factor demand in a rationing model," Discussion Papers, Series II 175, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
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    Cited by:

    1. Sonja Sheikh & Wolfgang Pauer, 1999. "Strukturelle Arbeitslosigkeit in ausgewählten Ländern der Europäischen Union unter besonderer Berücksichtigung der Mismatch-Komponente," Vierteljahrshefte zur Wirtschaftsforschung / Quarterly Journal of Economic Research, DIW Berlin, German Institute for Economic Research, vol. 68(3), pages 424-448.
    2. Schellhorn, Martin & Winker, Peter, 1994. "Stochastic simulations of a macroeconomic disequilibrium model for West Germany," Discussion Papers, Series II 235, University of Konstanz, Collaborative Research Centre (SFB) 178 "Internationalization of the Economy".
    3. Gareth Leeves, 2002. "Youth Unemployment Outflow Rates And Labor Market Programs: Australian Evidence," Contemporary Economic Policy, Western Economic Association International, vol. 20(3), pages 301-315, July.
    4. Smolny, Werner, 1993. "Non-linear models of employment adjustment," Discussion Papers 8, University of Konstanz, Center for International Labor Economics (CILE).

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