Cyclical Unemployment, Structural Unemployment
56 Pages Posted: 5 Feb 2013
There are 4 versions of this paper
Cyclical Unemployment, Structural Unemployment
Cyclical Unemployment, Structural Unemployment
Cyclical Unemployment, Structural Unemployment
Cyclical Unemployment, Structural Unemployment
Date Written: January 15, 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 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.
Keywords: unemployment, vacancies, Beveridge Curve, matching function, stimulus policy
JEL Classification: E6, E24, E32, J23
Suggested Citation: Suggested Citation
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