Smith, Jennifer C. (2009) The ins and outs of UK unemployment. In: British Household Panel Survey Conference 2009, University of Essex, Colchester, 9-11 Jul 2009 doi:10.1111/j.1468-0297.2011.02428.x (Unpublished)

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Abstract

This study shows that in the UK, increases in unemployment in a recession are driven by rises in the separation rate. A new decomposition of unemployment dynamics is devised that does not require unemployment to be in steady state at all times. This is important because low UK transition rates - one quarter the size of the US - imply substantial deviation of unemployment from steady state near cyclical turning points. In periods of moderation, the job finding rate is shown to have most influence on UK unemployment dynamics. Evidence comes from the first study of monthly data derived from individuals' labour market spells recorded in the British Household Panel Survey from 1988 to 2008.

Item Type:	Conference Item (Paper)
Subjects:	H Social Sciences > HB Economic Theory
Divisions:	Faculty of Social Sciences > Economics
Official Date:	9 July 2009
Dates:	Date Event 9 July 2009 Completion
DOI:	10.1111/j.1468-0297.2011.02428.x
Status:	Not Peer Reviewed
Publication Status:	Unpublished
Conference Paper Type:	Paper
Title of Event:	British Household Panel Survey Conference 2009
Type of Event:	Conference
Location of Event:	University of Essex, Colchester
Date(s) of Event:	9-11 Jul 2009

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