Discussion Paper, Center for International Labor Economics (CILE), University of Konstanz 4
This paper is devoted t.o an interpretation of both vacancy data and the Beveridgecurve. Officially reported vacancy data are critically reviewed. The theoretical foundation and empirical application of the Beveridge-curve is examined. We find that the Beveridge-curve is everything but a straightforward tool to analyze structural unemployment. More insights especially in the dynamics of the Beveridge-curve are obtained by integrating this relationship into a macroeconomic disequilibrium framework.
Disequilibrium model Beveridge-curve dynamic labour demand