Jackman, R; Layard, Richard; Pissarides, C - In: Oxford Bulletin of Economics and Statistics 51 (1989) 4, pp. 377-94
This paper shows how data on vacancies can be used to interpret developments in the labor market. In Britain, the U/V curve, relating unemployment and vacancy rates, has shifted out to the right since the mid-1960s and the average level of vacancies has fallen. Copyright 1989 by Blackwell...