Structural unemployment
Peter Diamond
Public Policy Brief, 2013
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 brief 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 complicates such analyses.
JEL-codes: E24 E32 E6 J23 (search for similar items in EconPapers)
Date: 2013
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