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Shifts in the Beveridge curve

Author

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  • Diamond, Peter A.
  • Şahin, Ayşegül

Abstract

We put the current shift in the Beveridge curve into context by examining the behavior of the curve since 1950. Outward shifts in the Beveridge curve have been common occurrences during U.S. recoveries. By itself, the presence of a shift has not been a good predictor of whether the unemployment rate at the end of the expansion following a shift was higher or lower than that in the preceding expansion.

Suggested Citation

  • Diamond, Peter A. & Şahin, Ayşegül, 2015. "Shifts in the Beveridge curve," Research in Economics, Elsevier, vol. 69(1), pages 18-25.
  • Handle: RePEc:eee:reecon:v:69:y:2015:i:1:p:18-25
    DOI: 10.1016/j.rie.2014.10.004
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Sniekers, F.J.T., 2013. "Endogenous Beveridge cycles and the volatility of unemployment," CeNDEF Working Papers 13-12, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance.
    2. Samuel Danthine & Michel De Vroey, 2016. "The Integration of Search in Macroeconomics: Interviews with David Andolfatto, Peter Diamond and Monika Merz," Discussion Papers (IRES - Institut de Recherches Economiques et Sociales) 2016013, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES).
    3. repec:eee:labeco:v:50:y:2018:i:c:p:97-111 is not listed on IDEAS
    4. Peter A. Diamond & Aysegül Sahin, 2016. "Disaggregating the Matching Function," CESifo Working Paper Series 6266, CESifo Group Munich.
    5. Modestino, Alicia Sasser & Shoag, Daniel & Ballance, Joshua, 2016. "Downskilling: changes in employer skill requirements over the business cycle," Labour Economics, Elsevier, vol. 41(C), pages 333-347.
    6. Nuarpear Warn Lekfuangfu & Voraprapa Nakavachara & Paphatsorn Sawaengsuksant, 2017. "Glancing at Labour Market Mismatch with User-generated Internet Data," PIER Discussion Papers 53, Puey Ungphakorn Institute for Economic Research, revised Jan 2017.
    7. Vanhala, Juuso & Bonthuis, Boele & Jarvis, Valerie, 2013. "What’s going on behind the euro area Beveridge curve(s)?," Working Paper Series 1586, European Central Bank.
    8. Andrés Álvarez, 2016. "La Curva de Beveridge en Colombia (1976-2014): Cambios cíclicos y estructurales," Borradores de Economia 962, Banco de la Republica de Colombia.
    9. Jackson, L Fraser & Khaled, Mohammed S, 2018. "Employment participation, unemployment and non market work: Composition models of the United States labour force," Working Paper Series 6893, Victoria University of Wellington, School of Economics and Finance.
    10. repec:eee:reecon:v:71:y:2017:i:3:p:373-383 is not listed on IDEAS
    11. Ioannides, Yannis M., 2018. "A DMP model of intercity trade," Labour Economics, Elsevier, vol. 50(C), pages 97-111.

    More about this item

    Keywords

    Beveridge curve; Unemployment; Vacancies;

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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