Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about … the extent to which the high unemployment is structural, not cyclical. This essay views the Beveridge Curve pattern of … unemployment and vacancy rates and the related matching function as proxies for the functioning of the labor market and explores …

This paper uses data on unemployment rates and job vacancy rates to measure structural/frictional and demand …-deficient components of unemployment rate differences across local labor markets. Data on occupational and industrial distributions of … unemployed workers and vacant jobs, as well as on local wages, recent sales growth, Unemployment Insurance, and demographics are …

show that a binding minimum wage -- while leading to unemployment -- is nevertheless desirable if the government values … redistribution toward low wage workers and if unemployment induced by the minimum wage hits the lowest surplus workers first. This …

identification strategies used, critically assess strengths and weaknesses, discuss connections with theory, and draw out potential …

Shimer's calibrated version of the Mortensen-Pissarides model generates unemployment fluctuates much smaller than the … has been challenged by Costain and Reiter, who say it generates unrealistically big differences in unemployment from the …

unemployment. The sample of approximately 15,000 observations is drawn from the 1988 Alcohol Survey of the National Health …