| Abstract: | Summary By means ofUV analysis it has been attempted to gain some insight into the development of unemployment on account of market imperfection in the Netherlands between 1956 and 1975. Three conclusions can be drawn. (i) The imperfection of the labour market has increased not inconsiderably between 1956 and 1975. (ii) Since the beginning of the Seventies structural unemployment has been caused both by the qualitative discrepancies between supply and demand and by a quantitative shortage of jobs. (iii) The increase in market imperfection must be ascribed above all to the steadily growing imperfection of the sections of the labour market corresponding to the occupational groups./p]Professor of Economics and Graduate Assistant, Universtiy of Groningen, The Netherlands.The authors would like to thank Professor Th. van de Klundert and their colleagues of the Department of Economics for their valuable comments on the first version of this article. |
