Structural Unemployment
35 Pages Posted: 22 Oct 2014
Date Written: December 7, 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 Classification: E24, E32, E6, J23
Suggested Citation: Suggested Citation
Diamond, Peter A., Structural Unemployment (December 7, 2013). FRB of Boston Public Policy Brief No. 13-6, Available at SSRN: https://ssrn.com/abstract=2512434 or http://dx.doi.org/10.2139/ssrn.2512434
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