Regional unemployment and labour mobility in the UK
McCormick, Barry (1997) Regional unemployment and labour mobility in the UK. European Economic Review, 41, (3-5), 581-589. (doi:10.1016/S0014-2921(97)00024-X).
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This paper surveys analysis of the relationship between regional unemployment and labour mobility in the UK. A notable feature is the recent rise in the volatility of unemployment in the high wage region of the South East. This is explained by the relative growth of personal sector mortgage indebtedness in that region and greater consumption demand sensitivity to interest rate shocks. Regional unemployment rate differences are largely determined in the manual labour market and show only slight evidence of cyclically corrected convergence. This is underpinned by relatively low migration amongst manual workers, and little sensitivity of out-migration to regional labour market slack. Two regions have experienced persistent employment growth and attracted significant immigration of non-manual labour to low unemployment and increasing relative wage labour markets.
|Keywords:||regional unemployment, cyclicity, migration, occupational groups, growing regions, mortgage debt|
|Subjects:||H Social Sciences > HD Industries. Land use. Labor|
|Divisions:||University Structure - Pre August 2011 > School of Social Sciences > Economics
|Date Deposited:||04 Jan 2007|
|Last Modified:||27 Mar 2014 18:20|
|RDF:||RDF+N-Triples, RDF+N3, RDF+XML, Browse.|
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