Cyclical unemployment, structural unemployment

Peter Diamond

No 13-5, Working Papers from Federal Reserve Bank of Boston

Abstract: Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge curve pattern of unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores issues in that proxy relationship that complicate such analyses. Also discussed is the concept of mismatch.

Keywords: Unemployment; Structural unemployment (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-lab and nep-ltv
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (21)

Downloads: (external link)
http://www.bostonfed.org/economic/wp/wp2013/wp1305.htm (text/html)
http://www.bostonfed.org/economic/wp/wp2013/wp1305.pdf (application/pdf)

Related works:
Journal Article: Cyclical Unemployment, Structural Unemployment (2013)
Working Paper: Cyclical Unemployment, Structural Unemployment (2013)
Working Paper: Cyclical Unemployment, Structural Unemployment (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fip:fedbwp:13-5

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in Working Papers from Federal Reserve Bank of Boston Contact information at EDIRC.
Bibliographic data for series maintained by Catherine Spozio ().