Empirical U/V Analysis: The Case of Austria
In Austrian political discussion, as well as those of many other countries, arguments about increased structural and frictional unemployment occur frequently. Such arguments point out that employers are reporting a lack of skilled labour and some people maintain that generous unemployment benefits and limited regional and occupational mobility have reduced the search intensity of the unemployed. In this chapter we will try to use empirical U/V analysis to shed some light on these kinds of questions.
KeywordsUnemployment Rate Natural Rate Replacement Ratio Foreign Worker Vacancy Rate
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