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Two Tools for Analyzing Unemployment

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  • Olivier Jean Blanchard

Abstract

This paper shows how one can interpret the joint movements of wages, unemployment and vacancies in the Phillips and Beveridge spaces to learn about the origins of the movements in unemployment. The view of the labor market underlying the conceptual framework emphasizes flows, matching, and Nash bargaining determination of wages. The approach is used to analyze the movements in unemployment in the US, in the UK and in Germany over the last twenty years.

Suggested Citation

  • Olivier Jean Blanchard, 1989. "Two Tools for Analyzing Unemployment," NBER Working Papers 3168, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberwo:3168
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    Cited by:

    1. Olivier Jean Blanchard & Peter Diamond, 1994. "Ranking, Unemployment Duration, and Wages," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 61(3), pages 417-434.
    2. Jerome Fahrer & Andrew Pease, 1993. "The Unemployment‐Vacancy Relationship in Australia," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 26(4), pages 43-57, October.
    3. Rudolf Winter-Ebmer, 1991. "Arbeitslosigkeit, Hysterese und Wirtschaftspolitik," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 17(3), pages 353-363.
    4. Jerome Fahrer & Andrew Pease, 1993. "The Unemployment/Vacancy Relationship in Australia," RBA Research Discussion Papers rdp9305, Reserve Bank of Australia.
    5. Yves Bourdet & Inga Persson, 1991. "Politique de l'emploi et durée du chômage : une comparaison franco-suédoise," Revue de l'OFCE, Programme National Persée, vol. 38(1), pages 65-92.
    6. Rudolf Winter-Ebmer, 1991. "Arbeitslosigkeit, Hysterese und Wirtschaftspolitik," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 17(3), pages 353-364.

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