Loading...
Please wait, while we are loading the content...
Similar Documents
The ins and outs of uk unemployment (2010).
| Content Provider | CiteSeerX |
|---|---|
| Author | Smith, Jennifer C. |
| Abstract | This paper shows that in the UK, increases in unemployment in a recession are driven by rises in the separation rate. A new decomposition of unemployment dynamics is devised that does not require unemployment to be in steady state at all times. This is important because low UK transition rates – one quarter the size of the US –imply substantial deviation of unemployment from steady state near cyclical turning points. In periods of moderation, the job …nding rate is shown to have most in‡uence on UK unemployment dynamics. Evidence comes from the …rst study of monthly data derived from individuals’ labour market spells recorded in the British Household Panel Survey from 1988 to 2008. |
| File Format | |
| Publisher Date | 2010-01-01 |
| Access Restriction | Open |
| Subject Keyword | Uk Unemployment Steady State British Household Panel Survey Low Uk Transition Rate Monthly Data Market Spell Uk Unemployment Dynamic Rst Study Substantial Deviation Separation Rate New Decomposition Unemployment Dynamic |
| Content Type | Text |
| Resource Type | Article |
