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 functi...
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| Veröffentlicht in: | IMF economic review 2013-08, Vol.61 (3), p.410-455 |
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| creator | DIAMOND, PETER |
| description | 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. |
| doi_str_mv | 10.1057/imfer.2013.13 |
| format | Article |
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| ispartof | IMF economic review, 2013-08, Vol.61 (3), p.410-455 |
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| source | PAIS Index; Jstor Complete Legacy; Springer Nature - Complete Springer Journals |
| subjects | Analysis Business cycles Capital Markets Demography E24 E32 Economic conditions Economic indicators Economic models Economic Policy Economic recessions Economic recovery Economic statistics Economic theory Economics Economics and Finance Employment Equality Full employment Great Recession Hiring International Economics J23 Labor Labor economics Labor market Labor markets Macroeconomics/Monetary Economics//Financial Economics Markets Recessions Structural unemployment Studies Trends Unemployment Unemployment rates United States |
| title | Cyclical Unemployment, Structural Unemployment |
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