ABSTRACT
Unemployment (UNUK) depends upon the labour supply (D) less corporate and government employment (ECP + EG) and allows for variations in the registration rate of those without a job according to the pressure of demand in the labour market as indicated by unemployment (UNUK). (See Treasury, 1979, Section 14. The coefficients are from Treasury, 1980, Group 3, after alteration of the constant a.)
(77) D, the labour supply, is exogenous.
