On Vacancies (1989)

R. Jackman and Christopher Pissarides

Chapter 5 in Tackling Unemployment, 1999, pp 105-123 from Palgrave Macmillan

Abstract: Abstract Since 1963 British unemployment has risen by a multiple of over four. Yet the vacancy rates in the 1987 ‘recovery’, the 1979 ‘boom’ and the 1963 ‘slump’ were the same (see Figure 5.1). There has thus been a striking shift in unemployment at given vacancies. Similar findings have been reported in nearly all advanced countries.1 Thus the question which this paper addresses is how do we think about shifts in the u/v curve?

Keywords: Replacement Ratio; Employment Protection; Vacancy Rate; Unemployed Worker; Unemployment Duration (search for similar items in EconPapers)
Date: 1999
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DOI: 10.1057/9780230379206_5

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