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The Remarkable Place of the UV-Curve in Economic Theory

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  • Peter Rodenburg

    () (University of Amsterdam)

Abstract

The purpose of this paper is to provide an analysis of the impact the UV-curve had on economic theory and to provide an account of the subsequent radical changes in its place and role over the decades since its first appearance in 1958. The paper traces the historical development of the UV-curve and argues that the role of the UV-curve has changed from a measuring device to a graphical representation of full employment to an axiom necessary for matching models of unemployment. This changing role is best understood in the light of a paradigmatic change from Keynesianism to neoclassical search theory.

Suggested Citation

  • Peter Rodenburg, 2007. "The Remarkable Place of the UV-Curve in Economic Theory," Tinbergen Institute Discussion Papers 07-088/1, Tinbergen Institute.
  • Handle: RePEc:tin:wpaper:20070088
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    File URL: https://papers.tinbergen.nl/07088.pdf
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    References listed on IDEAS

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    2. Cristina Lincaru, 2010. "Reginal Mismatch Tendencies In Romania-Evidence From Beveridge Curve," Romanian Journal of Regional Science, Romanian Regional Science Association, vol. 4(2), pages 32-61, DECEMBER.

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    More about this item

    Keywords

    UV-curve; Beveridge curve; UV-analysis; Matching models; Theories of Unemployment; History of Economic Thought; Induction; Full employment; Measurement of unemployment;
    All these keywords.

    JEL classification:

    • B - Schools of Economic Thought and Methodology
    • E - Macroeconomics and Monetary Economics
    • J - Labor and Demographic Economics

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