The British Beveridge Curve: A Tale of Ten Regions
CEPR Discussion Paper Series No. 1771
Posted: 30 May 1998
Date Written: December 1997
This paper uses county-level data to estimate the timing and magnitude of shifts in aggregate and regional British Beveridge curves. We find that these shifts coincide with the business cycle rather than with hysteresis effects or with changes in regional mismatch. This implies that the Beveridge curve is a flawed device for separating the effects of structural changes from those of the business cycle.
JEL Classification: E34, J63
Suggested Citation: Suggested Citation