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Equilibrium Unemployment and Labour Force Market Flows in the UK

Author

Listed:
  • Barrell, R.
  • Riley, R.

Abstract

The 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.

Suggested Citation

  • Barrell, R. & Riley, R., 1999. "Equilibrium Unemployment and Labour Force Market Flows in the UK," Economics Working Papers eco99/3, European University Institute.
  • Handle: RePEc:eui:euiwps:eco99/3
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    References listed on IDEAS

    as
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    4. Rocheteau, Guillaume, 2002. "Working time regulation in a search economy with worker moral hazard," Journal of Public Economics, Elsevier, pages 387-425.
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    6. Jennifer Hunt, 1999. "Has Work-Sharing Worked in Germany?," The Quarterly Journal of Economics, Oxford University Press, vol. 114(1), pages 117-148.
    7. Brunello, Giorgio, 1989. "The Employment Effects of Shorter Working Hours: An Application to Japanese Data," Economica, London School of Economics and Political Science, vol. 56(224), pages 473-486, November.
    8. Hoel, Michael & Vale, Bent, 1986. "Effects on unemployment of reduced working time in an economy where firms set wages," European Economic Review, Elsevier, vol. 30(5), pages 1097-1104, October.
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    More about this item

    Keywords

    UNEMPLOYMENT ; LABOUR MARKET ; UNITED KINGDOM;

    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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