The Hiring Function in Local Labour Markets in Britain
| Autor: | Robert J. Bennett, R R Pinto |
|---|---|
| Rok vydání: | 1994 |
| Předmět: |
Government
Labour economics 050208 finance Returns to scale TEC media_common.quotation_subject 05 social sciences Geography Planning and Development Environmental Science (miscellaneous) Metropolitan area 0502 economics and business Unemployment Economics General pattern National level 050207 economics Function (engineering) media_common |
| Zdroj: | Environment and Planning A: Economy and Space. 26:1957-1974 |
| ISSN: | 1472-3409 0308-518X |
| Popis: | The labour market hiring function is estimated in the 104 areas of Training and Enterprise Councils (TECs) and Local Enterprise Companies (LECs) that cover Britain. The model gives good overall fit with a general pattern evidencing constant returns to scale between unemployment and vacancies. Important variations occur between local TEC/LEC areas, particularly for islands, the City of London, suburban commuter areas, and coalfields or other areas suffering steep rises in redundancies. The estimates suggest that there is a linear aggregation between the local and national level. It is also concluded that the present boundaries of TEC/LEC areas should be reviewed, particularly in metropolitan areas, or that government contracts should give a strong emphasis to TECs or LECs working more closely together in these areas. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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