DP1771 The British Beveridge Curve: A Tale of Ten Regions
|Author(s):||Howard Wall, Gylfi Zoega|
|Publication Date:||December 1997|
|Keyword(s):||Beveridge curve, Unemployment, Vacancies|
|Programme Areas:||Human Resources|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=1771|
This paper uses county-level data to estimate the timing and magnitude of shifts in aggregate and regional British Beveridge curves. We find that these shifts coincide with the business cycle rather than with hysteresis effects or with changes in regional mismatch. This implies that the Beveridge curve is a flawed device for separating the effects of structural changes from those of the business cycle.