The Relationship Between Unemployment and Unfilled Vacancies in Australia:1952–1978

Ian R. Harper

The Economic Record, 1980, vol. 56, issue 154, 231-243

Abstract: This paper attempts to specify, estimate and test the stability of the Australian U‐V curve for the period 1952–78. After rejecting several simple functional forms of the relationship, a dynamic specification based on the separate works of E. S. Phelps and B. Hansen is adopted. This is found to fit the Australian data satisfactorily. Tests for the structural stability of the relationship over the period reveal the presence of two structural shifts. one during 1962 and the other during 1973. Preliminary investigation of possible causes of this instability points to increases in the read level of unemployment benefits and reductions in the assisted migrant intake over the period as significant contributing factors.

Date: 1980
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://doi.org/10.1111/j.1475-4932.1980.tb01673.x

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bla:ecorec:v:56:y:1980:i:154:p:231-243

Ordering information: This journal article can be ordered from
http://www.blackwell ... bs.asp?ref=0013-0249

Access Statistics for this article

The Economic Record is currently edited by Paul Miller, Glenn Otto and Martin Richardson

More articles in The Economic Record from The Economic Society of Australia Contact information at EDIRC.
Bibliographic data for series maintained by Wiley Content Delivery ().