Labour Economics | What is the Beveridge Curve?
https://global-fintech.blogspot.com/2016/01/beveridge-curve.html
The Beveridge Curve is the curve that relates the number of job vacancies with unemployment and is used in labour economics. It is related to the business cycle by the 45 degree line (above is expansion, below is recession).
An increase in wage increases participation and search effort which lowers the number of unfilled vacancies. There might also be more unemployed individuals because firms might hire less due to higher costs.
An increase in wage increases participation and search effort which lowers the number of unfilled vacancies. There might also be more unemployed individuals because firms might hire less due to higher costs.
Adblock is enabled