Cyclical Unemployment, Structural Unemployment

Peter Diamond

No 4130, CESifo Working Paper Series from CESifo

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.

JEL-codes: E24 E32 E60 J23 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (38)

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Related works:
Journal Article: Cyclical Unemployment, Structural Unemployment (2013)
Working Paper: Cyclical unemployment, structural unemployment (2013)
Working Paper: Cyclical Unemployment, Structural Unemployment (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4130

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