The Beveridge Curve

By Eran Yashiv. Social Science Research Network, 2007

325 citations recorded by the source corpus.

The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding across countries. The position of the economy on the curve gives an idea as to the state of the labour market. The modern underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows from it, generated by matching.

Subfields: Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/196fb82b4a1e60915d90b6186e8bcd9617c8dada

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In Economics and Econometrics

Citations in the corpus

Effects of a reduction of working hours on a model with job creation and job destruction (2007, methodology): “The chosen matching function has constant returns to scale, as that used by Blanchard and Diamond (1989) for data on the American economy and that used by Pissarides (1986) for data on the United Kingdom.”
Unemployment Fluctuations with Staggered Nash Wage Bargaining (2006, methodology): “F (n,w, s) = J (w, s)n, (8) where, letting k̆ = k/n denote the firm’s capital/employment ratio:”
When more Flexibility Yields more Fragility: the Microfoundations of Keynesian Aggregate Unemployment (2017, background): “The former view is sustained in the earlier studies by Blanchard et al. (1989) and Davis and Haltiwanger (1990), while the latter is suggested by more recent studies (Shimer, 2012).”
Vacancies, Unemployment, and the Phillips Curve (2007, background): “(7) implies wholesale firms equate the revenue from entering into one additional productive match MRwholesale t = 1/μt to its marginal cost (expressed in levels and in final good consumption units):”
Job matching and propagation (2006, methodology): “As discussed by Blanchard and Diamond (1989), vacancies have an average duration of roughly three weeks, and thus the average vacancy filling rate is 0.”
Gross Job Flows and Institutions in Europe (2004, methodology): “Restrictions to hiring and firing: we consider an updated version of the time-varying index of EPL reported in Nickell et al. (2001) and a time-invariant index as described by OECD (1999).”
Equilibrium in the Labor Market with Search Frictions (2011, background): “2 This timing coincided with my first meeting with Dale Mortensen, who was a visitor at the University of Essex when I was finishing my undergraduate and Master’s studies there, but our collaboration had to wait for another twenty years to materialise.”