Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/33802
Authors: 
Yashiv, Eran
Year of Publication: 
2006
Series/Report no.: 
IZA Discussion Papers 2479
Abstract: 
The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding across countries. The position of the economy on the curve gives an idea as to the state of the labour market. The modern underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows from it, generated by matching.
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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