The British Beveridge curve: a tale of ten regions
Howard Wall () and
No 2001-007, Working Papers from Federal Reserve Bank of St. Louis
Recent work has suggested the possibility that the Beveridge curve can shift over the business cycle. This is in contrast with a large body of literature claiming that Beveridge curves have shifted due to structural changes alone. To test these claims, we use county-level data to estimate the timing and magnitude of shifts in aggregate and regional British Beveridge curves. We find that these shifts coincide with the business cycle rather than with hysteresis effects or with changes in regional mismatch. This implies that the Beveridge curve is a flawed device for separating the effects of structural changes from those of the business cycle.
Keywords: Unemployment (search for similar items in EconPapers)
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Published in Oxford Bulletin of Economics and Statistics, July 2002, 64(3), pp. 257-76
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Journal Article: The British Beveridge Curve: A Tale of Ten Regions (2002)
Working Paper: The British Beveridge Curve: A Tale of Ten Regions (1997)
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