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...

This paper compares the "forward-looking" and "general-to-specific" approaches to modeling the demand for M1 in the United Kingdom. The authors show that the "forward-looking" models lead to a restrictive dynamic structure compared to models obtained using the alternative approach. Models...

Several necessary conditions regarding the order of integration are stated for survey data, which optimally forecast variables with unit roots. The necessary conditions can be easily tested within the cointegration framework, and have applications for modeling the expectations structure. If the...

This paper attempts to identify the circumstances in which the shift-share technique will successfully achieve the claims commonly made on its behalf. It is suggested that these circumstances are restrictive given the relevant economic theory. These problems seem to be especially severe when the...

This paper examines the labor market outcomes of men made redundant from the steel industry during 1980 and 1981, over a time-scale not normally considered in this type of research. The rate at which individuals return to employment immediately after a redundancy favors particular...