The effect of restructuring on unemployment

This paper finds that the permanent job losses associated with industrial restructuring have significantly boosted the variance of unemployment, causing it to rise much higher in recessions than it would have without cyclically correlated restructuring. Moreover, the influence of restructuring has increased noticeably in the 1980s and 1990s, acting to increase economic instability at a time when other factors were operating to reduce it.

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Year of publication:	2003
Authors:	Figura, Andrew
Institutions:	Federal Reserve Board (Board of Governors of the Federal Reserve System)
Subject:	Unemployment

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Extent:	text/html application/pdf
Series:	Finance and Economics Discussion Series.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number 2003-56
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005721214