Structural unemployment differs from cyclical unemployment by not disappearing in cyclical booms. In economic theory, structural unemployment is usually analyzed in terms of the concept of equilibrium unemployment (the "natura unemployment rate" in Friedman's terminology). The paper pinpoints various factors that influence the level of structural unemployment, which differs in time and place.
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Paper provided by Stockholm - International Economic Studies in its series Papers with number
676.
Length: 14 pages Date of creation: 1999 Date of revision: Handle: RePEc:fth:stocin:676
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Find related papers by JEL classification: E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
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