The Flow Analysis of Labour Markets

Well-functioning labor markets are a precondition for economic development. In order to function smoothly the market needs to be able to adjust effectively and quickly to new developments. An understanding and analysis of adjustment processes within labor markets is therefore essential for economic theory and policy proposals. This study discusses the "flow approach" to mobility and adjustment in labor markets. It presents an overview of flow analysis and provides many new theoretical and empirical insights. It covers all the major industrialized economies, including those of the United States, Canada, Japan, The Netherlands, UK, France, Italy and Germany.