TY  - RPRT
        AU  - Yashiv, Eran
        TI  - The Beveridge Curve
        PY  - 2006/Dec/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 2479
        UR  - https://www.iza.org/publications/dp2479
        AB  - The Beveridge curve depicts a negative relationship between unemployed workers and job vacancies, a robust finding across countries. The position of the economy on the curve gives an idea as to the state of the labour market. The modern underlying theory is the search and matching model, with workers and firms engaging in costly search leading to random matching. The Beveridge curve depicts the steady state of the model, whereby inflows into unemployment are equal to the outflows from it, generated by matching.
        KW  - wage inflation
KW  - vacancies
KW  - unemployment
KW  - Phillips curve
KW  - matching function
KW  - job search
KW  - business cycle
        ER  -