The Rise in Danish Unemployment: Reallocation or Mismatch?

Karsten Albæk and Henrik Hansen

No 2004-13, CAM Working Papers from University of Copenhagen. Department of Economics. Centre for Applied Microeconometrics

Abstract: The two main competing theories for the outward shift in the uv-curve are investigated: Increased separations from employment at a given employment level (reallocation) and decreased levels of hires, given unemployment and vacancies (mismatch). Shifts in the uv-curve and the hiring function are modelled by smooth transition functions, and the hypothesis of analogous shifts in the two curves is tested and accepted. This is interpreted as evidence in favor of the mismatch hypotheses.

Pages: 18 pages
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Citations: View citations in EconPapers (12)

Published in: Oxford Bulletin of Economics and Statistics, 2004, 66(4), pp 515-536

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Related works:
Journal Article: The Rise in Danish Unemployment: Reallocation or Mismatch? (2004)
Working Paper: The Rise in Danish Unemployment: Reallocation or Mismatch? (1999)
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