IDEAS home Printed from https://ideas.repec.org/p/hhs/iuiwop/0149.html

The Replacement of the UV-Curve with a New Measure of Hiring Efficiency

Author

Listed:
  • Schager, Nils Henrik

    (Research Institute of Industrial Economics (IFN))

Abstract

In this paper we show that changes in the position of the UV-Curve do not unambiguously reflect changes in labour market adjustment ability. In fact, the UV-Curve is displaced not only when hiring efficiency changes but also when the volume of hiring changes. To identify changes in hiring efficiency, we should use the relation between either the duration of vacancies and the stock of unemployment or, alternatively, the duration of unemployment and the stock of vacancies. These measures are applied to Swedish data and produce interesting new evidence on the hiring efficiency of the labour market in Sweden.

Suggested Citation

  • Schager, Nils Henrik, 1985. "The Replacement of the UV-Curve with a New Measure of Hiring Efficiency," Working Paper Series 149, Research Institute of Industrial Economics.
    • Handle: RePEc:hhs:iuiwop:0149
    as

    Download full text from publisher

    File URL: https://www.ifn.se/wfiles/wp/wp149.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. 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.
    2. Barron, John M, 1975. "Search in the Labor Market and the Duration of Unemployment: Some Empirical Evidence," American Economic Review, American Economic Association, vol. 65(5), pages 934-942, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eliasson, Gunnar & Lindberg, Thomas, 1986. "Economic Growth and the Dynamics of Wage Determination: A Micro Simulation Study of the Stability Consequences of Deficient Variation in Factor Prices and Micro Structures," Working Paper Series 170, Research Institute of Industrial Economics, revised Aug 1988.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Sniekers, F.J.T., 2013. "Endogenous Beveridge cycles and the volatility of unemployment," CeNDEF Working Papers 13-12, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    2. Carsten Ochsen, 2009. "On the measurement of mismatch," Applied Economics Letters, Taylor & Francis Journals, vol. 16(4), pages 405-409.
    3. Jerome Fahrer & Andrew Pease, 1993. "The Unemployment/Vacancy Relationship in Australia," RBA Research Discussion Papers rdp9305, Reserve Bank of Australia.
    4. Darby, Michael R & Haltiwanger, John C & Plant, Mark W, 1985. "Unemployment Rate Dynamics and Persistent Unemployment under Rational Expectations," American Economic Review, American Economic Association, vol. 75(4), pages 614-637, September.
    5. Altavilla, Carlo & Caroleo, Floro Ernesto, 2009. "Unintended Effects of National-based Active Labour Market Policies," IZA Discussion Papers 4045, IZA Network @ LISER.
    6. Farm, Ante, 2003. "Vacancies, Hirings, and the Duration Function," Working Paper Series 2/2003, Stockholm University, Swedish Institute for Social Research.
    7. Robert Shimer, 2007. "Mismatch," American Economic Review, American Economic Association, vol. 97(4), pages 1074-1101, September.
    8. Moller, Joachim, 1990. "Unemployment and Deterioration of Human Capital: A Labour Market Model with Hysteresis Implications," Empirical Economics, Springer, vol. 15(2), pages 199-215.
    9. Roque B. Fernandez, 1979. "The Short-Run Output-Inflation Tradeoff in Argentina and Brazil," NBER Chapters, in: Short-Term Macroeconomic Policy in Latin America, pages 133-168, National Bureau of Economic Research, Inc.
    10. Fahmida Khatun & Syed Yusuf Saadat, 2021. "Returns to Computer Use in Bangladesh: An Econometric Analysis," The Indian Journal of Labour Economics, Springer;The Indian Society of Labour Economics (ISLE), vol. 64(1), pages 175-198, March.
    11. Elżbieta Antczak & Ewa Gałecka-Burdziak & Robert Pater, 2016. "Spatial labour market matching," KAE Working Papers 2016-009, Warsaw School of Economics, Collegium of Economic Analysis.
    12. Gemma Garcia, 1998. "Unemployment and vacancies in Spain: Labour mismatch and active labour market policy," ERSA conference papers ersa98p182, European Regional Science Association.
    13. Umkehrer, Matthias, 2020. "Wiedereinstieg nach Langzeitarbeitslosigkeit: Welche Arbeitsverhältnisse sind stabil, welche nicht? (Labour market re-integration after long-term unemployment: Which employment relationships are stable, which are not?)," IAB-Kurzbericht 202015, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    14. repec:eee:labchp:v:2:y:1986:i:c:p:849-919 is not listed on IDEAS
    15. Barbara Petrongolo & Christopher Pissarides, 2006. "Scale Effects in Markets with Search," Economic Journal, Royal Economic Society, vol. 116(508), pages 21-44, January.
    16. Rosen, Asa, 1997. "An equilibrium search-matching model of discrimination," European Economic Review, Elsevier, vol. 41(8), pages 1589-1613, August.
    17. Ian R. Harper, 1980. "The Relationship Between Unemployment and Unfilled Vacancies in Australia:1952–1978," The Economic Record, The Economic Society of Australia, vol. 56(154), pages 231-243, September.
    18. Christopher A. Pissarides & Barbara Petrongolo, 2001. "Looking into the Black Box: A Survey of the Matching Function," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 390-431, June.
    19. Duc Loï Phan, 1971. "Un aperçu de la littérature théorique sur la courbe de Phillips," Revue Économique, Programme National Persée, vol. 22(5), pages 751-791.
    20. Linda Hoffmann & Alexandra Wicht, 2023. "»Should I Stay or Should I Go?« Prevalence and Predictors of Spatial Mobility among Youth in the Transition to Vocational Education and Training in Germany," Social Sciences, MDPI, vol. 12(5), pages 1-21, May.
    21. Ping Cheng & Zhenguo Lin & Yingchun Liu, 2021. "Competing Selling Strategies in the Housing Market," The Journal of Real Estate Finance and Economics, Springer, vol. 63(3), pages 394-413, October.

    More about this item

    Keywords

    ;
    ;
    ;

    JEL classification:

    • J63 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Turnover; Vacancies; Layoffs
    • J64 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Unemployment: Models, Duration, Incidence, and Job Search

    Statistics

    Access and download statistics

    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:hhs:iuiwop:0149. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: Elisabeth Gustafsson (email available below). General contact details of provider: https://edirc.repec.org/data/iuiiise.html .

    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.