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Why Is the US Unemployment Rate So Much Lower?

In: NBER Macroeconomics Annual 1998, volume 13

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  • Robert Shimer

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  • Robert Shimer, 1999. "Why Is the US Unemployment Rate So Much Lower?," NBER Chapters, in: NBER Macroeconomics Annual 1998, volume 13, pages 11-74, National Bureau of Economic Research, Inc.
    • Handle: RePEc:nbr:nberch:11245
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    References listed on IDEAS

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    1. Chinhui Juhn & Kevin M. Murphy & Robert H. Topel, 1991. "Why Has the Natural Rate of Unemployment Increased over Time?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 22(2), pages 75-142.
    2. Murphy, Kevin M & Topel, Robert H, 1997. "Unemployment and Nonemployment," American Economic Review, American Economic Association, vol. 87(2), pages 295-300, May.
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    Cited by:

    1. Stock, James H. & Watson, Mark W., 1999. "Forecasting inflation," Journal of Monetary Economics, Elsevier, vol. 44(2), pages 293-335, October.
    2. Alfred Garloff & Carsten Pohl & Norbert Schanne, 2013. "Do small labor market entry cohorts reduce unemployment?," Demographic Research, Max Planck Institute for Demographic Research, Rostock, Germany, vol. 29(15), pages 379-406.
    3. Hie Joo Ahn & Bart Hobijn & Ayşegül Şahin, 2023. "The Dual U.S. Labor Market Uncovered," NBER Working Papers 31241, National Bureau of Economic Research, Inc.
    4. Fuchs, Michaela & Pohl, Carsten & Sujata, Uwe & Weyh, Antje, 2013. "Entwicklung der Erwerbslosigkeit in Thüringen : welche Rolle spielt der demografische Wandel?," IAB-Regional. Berichte und Analysen aus dem Regionalen Forschungsnetz. IAB Sachsen-Anhalt-Thüringen 201301, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    5. Steven J. Davis & R. Jason Faberman & John Haltiwanger & Ron Jarmin & Javier Miranda, 2010. "Business Volatility, Job Destruction, and Unemployment," American Economic Journal: Macroeconomics, American Economic Association, vol. 2(2), pages 259-287, April.
    6. Egbert Jongen & Sabine Visser, 2010. "Exploring the ambiguous impact of employment protection on employment and productivity," CPB Discussion Paper 148, CPB Netherlands Bureau for Economic Policy Analysis.
    7. William T. Dickens, 2008. "A new method to estimate time variation in the NAIRU," Conference Series ; [Proceedings], Federal Reserve Bank of Boston.
    8. Peter Huber, 2010. "Teilbericht 2: Auswirkungen auf das Arbeitskräfteangebot und den Arbeitsmarkt," WIFO Studies, WIFO, number 41127.
    9. Alexander Mihailov & Giovanni Razzu & Zhe Wang, 2026. "Gender, Labour Market and Monetary Policy in the Euro Area," Economics Discussion Papers em-dp2026-01, Department of Economics, University of Reading.
    10. Fuchs, Michaela & Pohl, Carsten & Sujata, Uwe & Weyh, Antje, 2013. "Entwicklung der Erwerbslosigkeit in Sachsen : welche Rolle spielt die Alterung der Bevölkerung?," IAB-Regional. Berichte und Analysen aus dem Regionalen Forschungsnetz. IAB Sachsen 201302, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    11. Alfred Garloff & Carsten Pohl & Norbert Schanne, 2011. "Do smaller labour market entry cohorts really reduce German unemployment?," ERSA conference papers ersa10p658, European Regional Science Association.
    12. Julio J. Rotemberg, 1999. "A Heuristic Method for Extracting Smooth Trends from Economic Time Series," NBER Working Papers 7439, National Bureau of Economic Research, Inc.
    13. Alexander Mihailov & Giovanni Razzu & Zhe Wang, 2020. "The Gender Unemployment Gap Across the Euro Area: The Role of Macroeconomic Shocks and Labour Market Institutions," Economics Discussion Papers em-dp2020-26, Department of Economics, University of Reading.
    14. Pohl, Carsten, 2013. "Demografie, Erwerbsbeteiligung und Erwerbslosigkeit in Nordrhein-Westfalen : Analyse der Zusammenhänge zwischen 1996 und 2011," IAB-Regional. Berichte und Analysen aus dem Regionalen Forschungsnetz. IAB Nordrhein-Westfalen 201301, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    15. Andrea Vaona, 2015. "Anomalous empirical evidence on money long-run super-neutrality and the vertical long-run Phillips curve," Working Papers 17/2015, University of Verona, Department of Economics.
    16. Nir Jaimovich & Henry E. Siu, 2009. "The Young, the Old, and the Restless: Demographics and Business Cycle Volatility," American Economic Review, American Economic Association, vol. 99(3), pages 804-826, June.
    17. Ruge-Murcia, Francisco J, 2003. "Inflation Targeting under Asymmetric Preferences," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 35(5), pages 763-785, October.
    18. Jaclyn Hodges & Robert G. Valletta, 2006. "Job matching: evidence from the Beveridge curve," FRBSF Economic Letter, Federal Reserve Bank of San Francisco, issue apr21.
    19. Mukoyama, Toshihiko & Sahin, Aysegl, 2009. "Why did the average duration of unemployment become so much longer?," Journal of Monetary Economics, Elsevier, vol. 56(2), pages 200-209, March.
    20. Jonathan Temple, 2002. "The Assessment: The New Economy," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 18(3), pages 241-264.
    21. Michaela Fuchs, 2016. "Unemployment decline in East Germany: the role of demography," Review of Regional Research: Jahrbuch für Regionalwissenschaft, Springer;Gesellschaft für Regionalforschung (GfR), vol. 36(2), pages 145-168, October.
    22. Fuchs, Michaela & Weyh, Antje, 2014. "Demography and unemployment in East Germany : how close are the ties?," IAB-Discussion Paper 201426, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].
    23. Fuchs, Michaela & Pohl, Carsten & Sujata, Uwe & Weyh, Antje, 2013. "Entwicklung der Erwerbslosigkeit in Sachsen-Anhalt : welche Rolle spielt die Alterung der Bevölkerung?," IAB-Regional. Berichte und Analysen aus dem Regionalen Forschungsnetz. IAB Sachsen-Anhalt-Thüringen 201302, Institut für Arbeitsmarkt- und Berufsforschung (IAB), Nürnberg [Institute for Employment Research, Nuremberg, Germany].

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