A disequilibrium analysis of the labour market: Review and comments

Summary The article has been divided into two main parts. The first consists of a review and an evaluation of Lenderink and Siebrand's analytical and empirical approaches to the short-run phenomena on the Dutch labour market during the period 1952–1970. The main implications are explicitly stated and show how the authors have integrated the relevant results of equilibrium and disequilibrium analysis. It appears that the general analytical approach of Lenderink and Siebrand certainly is very promising. From the comments in the second part it becomes clear that the authors' main empirical results should be rejected. Some new data are produced to be compared with the originally presented data. They provide the basis for emphasizing that the original analysis does not satisfy some theoretical and empirical consistency conditions. Therefore, suggestions for revision of some aspects of Lenderink and Siebrand's study are recommended. This paper consists of a review of and comments uponA Disequilibrium Analysis of the Labour Market (Lenderink and Siebrand, 1976).