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
JEL(s): E34, J63
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.