Job creation and job destruction in the UK manufacturing sector
Article Abstract:
Job creation refers to the total of all employment gains in growth sectors compared to the total economy. In contrast, job destruction refers to total employment losses in declining sectors compared to the total economy. Together, these two variables account for net job flows which, in turn, reveal changes in economic structure. A survey of 993 manufacturers in the UK reveals an inverse relation between job creation and job destruction. The sum of these two factors, job reallocation, is counter-cyclical. These findings are compared to US employment data.
Publication Name: Oxford Bulletin of Economics & Statistics
Subject: Economics
ISSN: 0305-9049
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
On labour market policies and aggregate unemployment outflows
Article Abstract:
The research studied the influence of labour market policies (LMPs) such as training programmes and unemployment compensation on unemployment exit rates. It assessed job competition for vacancies between groups of job seekers based on Belgian data over a 30 year period. The study also showed that a number of variables are integrated of order 1 based on the tests. In addition, classical econometric and cointegration approaches have been formulated to assess the relation of conclusions to the methodology used.
Publication Name: Oxford Bulletin of Economics & Statistics
Subject: Economics
ISSN: 0305-9049
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Annual bonuses, employment and productivity change in Taiwan's manufacturing sector. Firm size and productivity differential: theory and evidence from a panel of US firms
- Abstracts: Product differentiation and location decisions under demand uncertainty. The impact of hierarchies on wages
- Abstracts: Stochastic trends and cointegration in the market for equities. Testing for nonlinear dependence in daily stock indices
- Abstracts: Profit margins and the business cycle: evidence from UK manufacturing firms. The profitability of innovating firms
- Abstracts: The estimation of Barone-curves based on the Iwai-model. Simulating the inventory cycle. Industry evolution with a sequence of technologies and hetergeneous ability: a model of creative destruction