Unemployment Dynamics in Britain  

Oleh:

Burgess, Simon ; Turon, Helene

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 115 no. 503 (Apr. 2005), page 423-448.
Topik: Unemployment; unemployment; dynamics
Fulltext: 423.pdf (280.02KB)

Ketersediaan

Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.17 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

We examine the inter - related dynamics of the unemployment flows and stock. Our model allows them to be linked through the standard accounting identity, but also through behavioural relationships. We find that, for the UK, the bulk of the correlation between duration and the unemployment stock arises from the dependence of duration on unemployment, taking careful account of the inter - temporal identity. Outflow shocks have contributed little to the evolution of unemployment since the late 1960s. Given that the correlation of duration and unemployment arises from the behavioural relationship, we show that unemployment dynamics arise mostly from shocks to the inflow.

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