The book is devoted to a theoretical and econometricanalysis of structural unemployment by making use of theBeveridge curve, i. e., the relationship betweenunemployment and vacancies. It is investigated to whatextent various kinds of inflexibilities such as a higherregional and qualifications mismatch between labor suppliedand demanded and an increasedchoosiness of employers andjob seekers can contribute to an explanation forthe highand persistent unemployment in the eighties. Based ontheoretical foundations the studies marshall the empiricalevidence for or against the mismatch hypotheses and give acritical assessment of theBeveridge curve. Moreover, policyimplications and recommendations are discussed at somelength.
A Theoretical and Econometric Analysis of Structural Unemployment in Germany: Reflections on the Beveridge Curve.- 1 Introduction.- 2 Theoretical Analysis.- 2.1 Basic Concept of the Beveridge Curve.- 2.2 Theoretical Aspects of Job Matching.- 2.2.1 Overview of the Model.- 2.2.2 The Firm's Decisions.- 2.2.3 The Job Seeker's Decisions.- 2.2.4 The Matching Process.- 2.2.5 Derivation of the Beveridge Curve.- 3 Empirical Analysis.- 3.1 Data Analysis.- 3.2 Econometric Analysis.- 3.2.1 Data.- 126.96.36.199 Mismatch Indicators: Regional and Professional Mismatch.- 188.8.131.52 Mismatch Indicators: Qualification Mismatches.- 3.2.2 Impact of Explanatory Variables.- 3.3 Estimated Rates of Structural Unemployment.- 4 Conclusions.- A.1 Decisions of the Firm: Second-Order Conditions and Comparative-Static Results.- A.2 The Effects on the Reservation Wage.- A.3 Reactions of the Probability of a Contract, ?2, with Changing Determinants of x0 and w0.- A.4 The Probability ? that a Vacancy is Filled by an Unemployed Person.- On the Identifiability of the Relation Between the Rate of Unemployment and the Vacancy Rate.- 1 Introduction.- 2 A Model of Structural Unemployment.- 3 Panel Data for the Federal Republic of Germany, 1963 to 1986.- 4 The Role of Structural and Cyclical Variables in Explaining the Shifts of the Beveridge Curve.- 5 Causal Relations Between the Shifts of the Beveridge Curve and Cyclical Variables.- 6 Summary and Conclusions.- Developments and Causes of Mismatch Unemployment in West Germany.- 1 Introduction.- 2 Matching through Labor Offices.- 3 Beveridge-Curve and Matching Function.- 4 Analysis of the Duration of Vacancies.- 5 Analysis of the Duration of Unemployment.- 6 The Results in Context.- 7 Political Labor Market Recommendations.- Structural Unemployment in Austria.- 1 Introduction.- 2 U/V Curve and Matching Function.- 3 Empirical Estimates of the Austrian Beveridge Curve.- 4 Why has the Austrian U/V Curve Shifted Outwards?.- 4.1 Occupational, Regional and Qualificational Mismatch.- 4.2 Lower Search Intensity of the Unemployed.- 4.3 Increased Selectiveness of the Firms.- 4.4 Hysteresis.- 4.5 The Econometric Analysis.- 5 Conclusions.- A.1 The Calculation of the Corrected Vacancy Rate.- A.2 Calculation of the Underutilization Rate of Labour.
Series: Studies in Contemporary Economics
Number Of Pages: 132
Publisher: SPRINGER VERLAG GMBH
Country of Publication: DE
Dimensions (cm): 23.39 x 15.6
Weight (kg): 0.22