The measurement and interpretation of vacancy data and the dynamics of the Beveridge-curve: The German case

Wolfgang Franz and Werner Smolny

No 4, Discussion Papers from University of Konstanz, Center for International Labor Economics (CILE)

Abstract: This paper is devoted t.o an interpretation of both vacancy data and the Beveridgecurve. Officially reported vacancy data are critically reviewed. The theoretical foundation and empirical application of the Beveridge-curve is examined. We find that the Beveridge-curve is everything but a straightforward tool to analyze structural unemployment. More insights especially in the dynamics of the Beveridge-curve are obtained by integrating this relationship into a macroeconomic disequilibrium framework.

Keywords: Disequilibrium model; Beveridge-curve; dynamic labour demand (search for similar items in EconPapers)
Date: 1993
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Citations: View citations in EconPapers (4)

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