The Beveridge Curve

Eran Yashiv ()

No 6236, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding across countries. The position of the economy on the curve gives an idea as to the state of the labour market. The modern underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows from it, generated by matching.

Keywords: Beveridge curve; Matching; Search; Unemployment; Vacancies (search for similar items in EconPapers)
JEL-codes: E24 J63 J64 (search for similar items in EconPapers)
Date: 2007-04
New Economics Papers: this item is included in nep-dge, nep-lab and nep-mac
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Related works:
Working Paper: The Beveridge Curve (2007)
Working Paper: The Beveridge curve (2007)
Working Paper: The Beveridge Curve (2006)
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