Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/96430
Authors: 
Diamond, Peter
Year of Publication: 
2013
Series/Report no.: 
Working Papers, Federal Reserve Bank of Boston 13-5
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: 
E24
E32
E6
J23
Document Type: 
Working Paper

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