IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-19795-8_10.html
   My bibliography  Save this book chapter

Unidentified Floating Unemployment (UFU) and the Specification of the UV-curve

In: Unemployment in Europe

Author

Listed:
  • Chris Neubourg

Abstract

Conceptually, unemployment may originate in various types of (temporary) imbalances on the labour market. Five types of origins are broadly to be distinguished1 (given the real wage level and the volume of labour supply): U k unemployment originating in very short term — seasonal — fluctuations in economic activity; U l unemployment originating in the underutilisation of the existing physical production capacity; U m unemployment originating in a shortage of new investment, that fails to compensate for the loss of employment due to the ongoing scrapping of older vintages of production capacity. Two dimensions can be distinguished (a) production capacity may increase too slowly and (b) the new capacity may be too capital-intensive to guarantee the absorption (utilisation) of the (given) labour force; U n unemployment due to labour-market imperfections leading to real mismatches of supply and demand. Market imperfections in turn, originate in the behavioural reactions of workers and employers to incomplete information and in the fact that adjustments are seldom immediate and necessarily take time (see de Neubourg, 1985a, for details); U o unemployment originating in the unemployability of certain specific groups for specific jobs, because of real characteristics of suppliers belonging to those groups (given the level of real wages). Their unemployability may be due to various characteristics ranging from physical handicaps to the lack of relevant skills or education.

Suggested Citation

  • Chris Neubourg, 1989. "Unidentified Floating Unemployment (UFU) and the Specification of the UV-curve," Palgrave Macmillan Books, in: Joan Muysken & Chris Neubourg (ed.), Unemployment in Europe, chapter 7, pages 165-196, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-19795-8_10
    DOI: 10.1007/978-1-349-19795-8_10
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-19795-8_10. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.