Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/95211
Authors: 
Schager, Nils Henrik
Year of Publication: 
1985
Series/Report no.: 
IUI Working Paper 149
Abstract: 
In this paper we show that changes in the position of the UV-Curve do not unambiguously reflect changes in labour market adjustment ability. In fact, the UV-Curve is displaced not only when hiring efficiency changes but also when the volume of hiring changes. To identify changes in hiring efficiency, we should use the relation between either the duration of vacancies and the stock of unemployment or, alternatively, the duration of unemployment and the stock of vacancies. These measures are applied to Swedish data and produce interesting new evidence on the hiring efficiency of the labour market in Sweden.
Subjects: 
UV curve
supply and demand of labour
hiring efficiency
JEL: 
J63
J64
Document Type: 
Working Paper

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