Cyclical Unemployment, Structural Unemployment

Peter Diamond

No 18761, NBER Working Papers from National Bureau of Economic Research, Inc

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 E6 J23 (search for similar items in EconPapers)
Date: 2013-02
New Economics Papers: this item is included in nep-lab, nep-ltv and nep-mac
Note: EFG LS ME
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (38)

Published as Peter Diamond, 2013. "Cyclical Unemployment, Structural Unemployment," IMF Economic Review, Palgrave Macmillan, vol. 61(3), pages 410-455, August.

Downloads: (external link)
http://www.nber.org/papers/w18761.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:nbr:nberwo:18761

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w18761

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().