Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63175
Authors: 
Gaure, Simen
Røed, Knut
Year of Publication: 
2003
Series/Report no.: 
Memorandum, Department of Economics, University of Oslo 2003,09
Abstract: 
We develop a new indicator of labour market tightness, based on the pure calendar time changes in individuals’ transition rates from unemployment to employment.Based on Norwegian register data from the 1989-2002 period, we show that this indicator,in contrast to the aggregate rate of unemployment, correlates well with an expost-calculated GDP-based business cycle indicator, even around the time of business cycle turning points. The indicator can be calculated just as quickly as the unemployment rate, both at an aggregate and a disaggregate level, and hence improve policy makers ability to assess current labour market developments.
Subjects: 
Labour market tightness
Business cycles
Unemployment
JEL: 
C41
E32
J64
Document Type: 
Working Paper

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