The Unemployment/Vacancy Curve

1. Front Matter

   Pages I-XVI

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2. Introduction

   • Josef Christl

   Pages 1-5

3. The Concept of the Beveridge Curve

   • Josef Christl

   Pages 6-10

4. Employment Function and U/V Curve

   • Josef Christl

   Pages 11-18

5. The Foundation of the U/V Curve by a Matching Model

   • Josef Christl

   Pages 19-48

6. Extensions of the Basic Matching Model

   • Josef Christl

   Pages 49-68

7. Hysteresis Phenomena and the U/V Curve

   • Josef Christl

   Pages 69-81

8. Returns to Scale in the Matching Function and the U/V Curve

   • Josef Christl

   Pages 82-99

9. Empirical U/V Analysis: The Case of Austria

   • Josef Christl

   Pages 100-124

10. An International Survey on Empirical Studies on the U/V-Curve

    • Josef Christl

    Pages 125-139

11. Conclusions

    • Josef Christl

    Pages 140-142

12. Back Matter

    Pages 143-152

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Rising unemployment has become one of the most challenging problems for economic policy in many developed economies over the last fifteen years. In the second half of the 1970s and during the first half of the 1980s the labour market situation worsened dramatically. For the OECD area as a whole, unemployment as a percentage of the civilian labour force went up from 3.3 percent in 1974 to 8.1 percent in 1985. The increase in unemployment rates was even more pronounced for OECD-Europe, where it climbed from 3.3 percent to 10.5 percent in this period. Table 1.1: Unemployment Rates in some aECD Countries, 1974-1989 yearly average 1989 1974{79 1974 1979 1985 1980/85 1985/89 USA 5,6 5,8 7,2 5,2 6,8 8,1 6,2 UK 2,2 4,5 11,6 6,5 4,2 10,0 9,7 3,3 8,3 7,3 3,5 6,6 7,9 FRG 2,1 2,4 1,3 1,5 2,4 2,2 Sweden 1,6 1,7 Austria 1,1 1,7 3,6 3,4 1,5 3,0 3,5 Austria*) 1,5 2,0 4,8 5,0 1,9 3,6 5,3 OECDEurope 3,3 5,7 10,5 9,0 4,8 9,1 10,0 OECD 3,7 5,2 8,1 6,6 5,0 7,7 7,5 *) national definition - see footnote 1). Source: OECD, 1989; BMSA.

• Employment
• Import
• labor market
• unemployment

• Volkswirtschaftliche Abteilung, Creditanstalt, Vienna, Austria

  Josef Christl

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