Ins and Outs of the Long-Run Unemployment Dynamics
AbstractThis paper studies the contribution of inflow and outflow rates to the unemployment dynamics in the long-run. I find that in the U.S., both inflow and outflow rates contribute significantly to variation in the long-run trend of the unemployment rate. Inflow and outflow rates account for roughly similar proportions of overall unemployment variability in the long-run.
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Bibliographic InfoPaper provided by Research Institute, International University of Japan in its series Working Papers with number EMS_2011_07.
Length: 10 pages
Date of creation: Feb 2011
Date of revision:
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Unemployment dynamics; Job finding rate; Separation rate; Long-run unemployment;
Other versions of this item:
- Hiroaki Miyamoto, 2013. "Ins and outs of the long-run unemployment dynamics," Applied Economics Letters, Taylor and Francis Journals, vol. 20(7), pages 615-620, May.
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- J64 - Labor and Demographic Economics - - Mobility, Unemployment, and Vacancies - - - Unemployment: Models, Duration, Incidence, and Job Search
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