Beveridge curve shifts - Europe 2020 perspectives

Abstract

The present paper aligns to the economic policy body of research granting intensive efforts to the sphere of analysing the unemployment rate's evolution as well as its primary drivers and effects in the context of the Europe 2020 strategy. Considering one of the agenda's main targets - increasing employability among the European Union's states, this paper analyses the areas funded by the European Social Fund as well as the country policy specifics in deriving the behaviour of the Beveridge curve associated with the EU-13 countries given the shift of European Union's funds from old member states to newer ones. As such, the study employs the tools of Simultaneous Equations Systems and examines the impact of four categories of components on the Beveridge curve's behaviour - structure of the unemployed, labour market and business environment factors as well as business cycles.