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The Beveridge Curve in Europe: New evidence using national and regional data

Bouvet, Florence. (2009) The Beveridge Curve in Europe: New evidence using national and regional data. [Conference Proceedings]

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    In this paper, national and regional data on job vacancies and unemployment are combined to estimate the Beveridge curves of five European countries and 60 regions, focusing on the period 1975-2004. The Beveridge curve depicts the empirical negative relationship between job vacancy rate and unemployment rate, and reflects the effciency of the job matching process. Movements along a fixed downward-sloping Beveridge curve are associated with cyclical shocks, while shifts of the curve arise from structural factors that alter the matching effciency between job vacancies and unemployed workers. With the same data I then analyze shifts in the Beveridge curves and determine whether these shifts are due to structural changes affecting the matching effciency, or to cyclical factors. The empirical evidence suggests that changes in labor market institutions, long-term unemployment, as well as cyclical shocks are responsible for outward shifts in European Beveridge curves.

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    Item Type: Conference Proceedings
    Uncontrolled Keywords: Beveridge curve; unemployment rate.
    Subjects for non-EU documents: Countries > Belgium
    Countries > Germany
    Countries > Netherlands
    Countries > Spain
    Countries > U.K.
    EU policies and themes > Policies & related activities > employment/labour market > employment/unemployment
    EU policies and themes > EU institutions & developments > institutional development/policy > historical development of EC (pre-1986)
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Conference: European Union Studies Association (EUSA) > Biennial Conference > 2009 (11th), April 23-25, 2009
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 08 Jan 2013 18:12
    Number of Pages: 27
    Last Modified: 08 Jan 2013 18:12

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