The role of worker flows in the dynamics and distribution of UK unemployment

"Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements across time are shaped by changes in labour mark...

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Veröffentlicht in:Oxford review of economic policy 2011, Vol.27 (2), p.338-363
Hauptverfasser: Elsby, Michael W. L, Smith, Jennifer C, Wadsworth, Jonathan
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container_title Oxford review of economic policy
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creator Elsby, Michael W. L
Smith, Jennifer C
Wadsworth, Jonathan
description "Unemployment varies substantially over time and across subgroups of the labour market. Worker flows among labour market states act as key determinants of this. We examine how the structure of unemployment across groups and its cyclical movements across time are shaped by changes in labour market flows. Using novel estimates of flow transition rates for the UK over the last 35 years, we decompose unemployment variation into parts accounted for by changes in rates of job loss, job finding and flows via non-participation. Close to two-thirds of the volatility of unemployment in the UK over this period can be traced to rises in rates of job loss that accompany recessions. The share of this inflow contribution has been broadly the same in each of the past three recessions. Decreased job-finding rates account for around one-quarter of unemployment cyclicality and the remaining variation can be attributed to flows via non-participation. Digging deeper into the structure of unemployment by gender, age and education, the flow-approach is shown to provide a richer understanding of the unemployment experiences across population subgroups." (Author's abstract, IAB-Doku). Die Untersuchung enthält quantitative Daten. Forschungsmethode: empirisch-quantitativ; empirisch. Die Untersuchung bezieht sich auf den Zeitraum 1970 bis 2010.
doi_str_mv 10.1093/oxrep/grr014
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source Jstor Complete Legacy; Oxford University Press Journals All Titles (1996-Current); PAIS Index
subjects Age
Altersstruktur
Arbeitslosenquote
Arbeitsloser
Arbeitslosigkeit
Arbeitsmarktentwicklung
Arbeitsmarktindikator
Arbeitsplatzverlust
Berufliche Reintegration
Beschäftigung
Beschäftigungsentwicklung
Bildungsniveau
Business cycles
Economic conditions
Economic crisis
Economic policy
Economic recessions
Economic transitions
Employment
Equilibrium flow
Geschlechtsspezifik
Großbritannien
Historical analysis
Job loss
Labor
Labor economics
Labor markets
Labour market
Markets
Men
Nichterwerbstätigkeit
Population
Recession
Recessions
Rezession
Studies
Unemployment
Unemployment levels
Unemployment rates
United Kingdom
Workers
Workforce
title The role of worker flows in the dynamics and distribution of UK unemployment
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