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Has the 2008-2009 recession increased the structural share of unemployment in the euro area?

Sophie Haincourt () and Matteo Mogliani ()

Quarterly selection of articles - Bulletin de la Banque de France, 2012, issue 25, 63-80

Abstract: The so-called Beveridge curve illustrates the relation between the unemployment rate and the job vacancy rate. Regarding the euro area, the rise in the unemployment rate and the increase in recruitment difficulties since the 2008-2009 recession indicate a risk of a higher level of structural unemployment. At the national level, this risk is primarily located in Spain, but there are also negative signals appearing in France.

Keywords: structural unemployment; Beveridge curve; matching efficiency. (search for similar items in EconPapers)
JEL-codes: E24 E32 J21 J60 (search for similar items in EconPapers)
Date: 2012
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