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The Unemployment/Vacancy Curve

Theoretical Foundation and Empirical Relevance

  • Josef┬áChristl

Part of the Studies in Empirical Economics book series (STUDEMP)

Table of contents

  1. Front Matter
    Pages I-XVI
  2. Josef Christl
    Pages 1-5
  3. Josef Christl
    Pages 6-10
  4. Josef Christl
    Pages 11-18
  5. Josef Christl
    Pages 49-68
  6. Josef Christl
    Pages 69-81
  7. Josef Christl
    Pages 100-124
  8. Josef Christl
    Pages 140-142
  9. Back Matter
    Pages 143-152

About this book

Introduction

Rising unemployment has become one of the most challenging problems for economic policy in many developed economies over the last fifteen years. In the second half of the 1970s and during the first half of the 1980s the labour market situation worsened dramatically. For the OECD area as a whole, unemployment as a percentage of the civilian labour force went up from 3.3 percent in 1974 to 8.1 percent in 1985. The increase in unemployment rates was even more pronounced for OECD-Europe, where it climbed from 3.3 percent to 10.5 percent in this period. Table 1.1: Unemployment Rates in some aECD Countries, 1974-1989 yearly average 1989 1974{79 1974 1979 1985 1980/85 1985/89 USA 5,6 5,8 7,2 5,2 6,8 8,1 6,2 UK 2,2 4,5 11,6 6,5 4,2 10,0 9,7 3,3 8,3 7,3 3,5 6,6 7,9 FRG 2,1 2,4 1,3 1,5 2,4 2,2 Sweden 1,6 1,7 Austria 1,1 1,7 3,6 3,4 1,5 3,0 3,5 Austria*) 1,5 2,0 4,8 5,0 1,9 3,6 5,3 OECDEurope 3,3 5,7 10,5 9,0 4,8 9,1 10,0 OECD 3,7 5,2 8,1 6,6 5,0 7,7 7,5 *) national definition - see footnote 1). Source: OECD, 1989; BMSA.

Keywords

Employment Import labor market unemployment

Authors and affiliations

  • Josef┬áChristl
    • 1
  1. 1.Volkswirtschaftliche AbteilungCreditanstaltViennaAustria

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