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Ins and Outs of the Long-Run Unemployment Dynamics

Hiroaki Miyamoto

No EMS_2011_07, Working Papers from Research Institute, International University of Japan

Abstract: This paper studies the contribution of inflow and outflow rates to the unemployment dynamics in the long-run. I find that in the U.S., both inflow and outflow rates contribute significantly to variation in the long-run trend of the unemployment rate. Inflow and outflow rates account for roughly similar proportions of overall unemployment variability in the long-run.

Keywords: Unemployment dynamics; Job finding rate; Separation rate; Long-run unemployment (search for similar items in EconPapers)
JEL-codes: E24 J64 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2011-02
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https://www.iuj.ac.jp/workingpapers/index.cfm?File=EMS_2011_07.pdf First version, 2011 (application/pdf)

Related works:
Journal Article: Ins and outs of the long-run unemployment dynamics (2013) Downloads
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