The Behaviour of Unemployment and Unfilled Vacancies: Great Britain, 1958- 1971--A Comment

The relationship between unemployment and vacancies in Australia

“…1 In contrast to studies which use a disequilibrium framework, like Equation 2a, work by Bowers et al (1970), Gujarati (1972), Foster (1973 and Evans (1975) considered estimating the equilibrium model given by Equation 2b directly from the data and proposed explanations for the apparent parallel shifts in the curve.…”

The remarkable transformation of the UV curve in economic theory

“…Cause of shift Bowers et al (1970) Combination of factors Gujarati (1972a) Redundancy Payment Act (1965), National Insurance Act (1966) Taylor (1972) 'Labour shake out' (labour dishoarding) Foster (1973) Various reasons Foster (1974) Increase in 1940s birth rates Evans (1975) Increase in structural unemployment Evans (1977) Fluctuations in registered unemployment and registered vacancies Berg (1982) Increase in female labour supply and geographical spreading of labour force Budd et al (1987) Deterioration of human capital (due to long-term unemployment) Jackman et al (1989) Decrease in search intensity Wall and Zoega (2002) Business cycles 16 Bowers et al (1970), Gujarati (1972aGujarati ( , 1972bGujarati ( , 1973, Taylor (1972), Foster (1973, Knight and Wilson (1974), Evans (1975Evans ( , 1977, Peel (1975, 1977), Warren (1977), Parikh (1977), and Bewley (1979), almost all in The Economic Journal and Applied Economics.…”

British Activity Rates: A Survey of Research

“…Whether it is truly a change in observed behaviour arising from shifts in the underlying determinants of the decision to register or arises from non-linearity in the relationship previously undetected because of the limited range of unemployment experience is not clear. Most of the contributions to the debate about the behaviour of unemployment in this period did not comment on this issue because they focussed their intention on the related relationship between unemployment and vacancies (Gujarati, 1972;Foster, 1973;Taylor, 1972) although Taylor at least implies a shift in unemployment against employment. Bosanquet and Standing (1972) specifically claim that recorded unemployment has shifted against true unemployment, although the only evidence they offer is that the Godley-Shepherd equation does not predict the measured change in unemployment over the period 1967-70.…”