Cyclical Unemployment, Structural Unemployment
Copyright policy )Cyclical Unemployment, Structural Unemployment
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.
- Massachusetts Institute of Technology United States
- National Bureau of Economic Research United States
- Center for Economic Studies Germany
J23, Arbeitsmarkt, matching function, Strukturelle Arbeitslosigkeit, Matching, USA, E6, E32, ddc:330, Unemployment ; Structural unemployment, stimulus policy, vacancies, Konjunkturelle Arbeitslosigkeit, E60, Unemployment, Beveridge-Kurve, E24, Theorie, Beveridge Curve, jel: jel:E60, jel: jel:E24, jel: jel:J23, jel: jel:E6, jel: jel:E32
J23, Arbeitsmarkt, matching function, Strukturelle Arbeitslosigkeit, Matching, USA, E6, E32, ddc:330, Unemployment ; Structural unemployment, stimulus policy, vacancies, Konjunkturelle Arbeitslosigkeit, E60, Unemployment, Beveridge-Kurve, E24, Theorie, Beveridge Curve, jel: jel:E60, jel: jel:E24, jel: jel:J23, jel: jel:E6, jel: jel:E32
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