Francesconi, M (2000) Education and the natural rate of unemployment. Oxford Economic Papers, 52 (1). pp. 204-223. DOI https://doi.org/10.1093/oep/52.1.204
Francesconi, M (2000) Education and the natural rate of unemployment. Oxford Economic Papers, 52 (1). pp. 204-223. DOI https://doi.org/10.1093/oep/52.1.204
Francesconi, M (2000) Education and the natural rate of unemployment. Oxford Economic Papers, 52 (1). pp. 204-223. DOI https://doi.org/10.1093/oep/52.1.204
Abstract
We show how changes in the educational composition of the labour force affect both the level and the behaviour over time of aggregate unemployment series. We also demonstrate that if it had not been for such changes, the US unemployment series would look 'European' since the within-group unemployment series all have that same appearance. We derive a natural-rate model of unemployment for two education groups, providing microfoundations for inter-group differences in wages and unemployment, and evaluate its plausibility in light of microeconomic evidence.
Item Type: | Article |
---|---|
Subjects: | H Social Sciences > HB Economic Theory |
Divisions: | Faculty of Social Sciences Faculty of Social Sciences > Economics, Department of |
SWORD Depositor: | Unnamed user with email elements@essex.ac.uk |
Depositing User: | Unnamed user with email elements@essex.ac.uk |
Date Deposited: | 27 Jun 2012 10:19 |
Last Modified: | 30 Oct 2024 19:39 |
URI: | http://repository.essex.ac.uk/id/eprint/2569 |