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Pay Settlements in Manufacturing Industry, 1979-84: A Micro-data Study of the Impact of Product and Labour Market Pressures

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  • Gregory, Mary
  • Lobban, Peter
  • Thomson, Andrew

Abstract

This paper proposes a definition of structural unemployment based on its effect on the rate of job hirings. The paper compares this with other possible definitions and examines the relationship betwe en structural unemployment and shifts in the u/v curve. The main resu lts for the British economy are that, while there has undoubtedly bee n an increase in industrial mismatch in recent years, there has been no corresponding increase in regional imbalance. Evidence on other co untries also casts doubt on the idea that increased structural mismat ch has been a major cause of the growth in unemployment. Copyright 1987 by Blackwell Publishing Ltd

Suggested Citation

  • Gregory, Mary & Lobban, Peter & Thomson, Andrew, 1987. "Pay Settlements in Manufacturing Industry, 1979-84: A Micro-data Study of the Impact of Product and Labour Market Pressures," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 49(1), pages 129-150, February.
  • Handle: RePEc:bla:obuest:v:49:y:1987:i:1:p:129-50
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    Cited by:

    1. Smith, Jennifer C., 1996. "Bargaining power and local labour market in°uences on wage determination," Economic Research Papers 268704, University of Warwick - Department of Economics.

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