Elsby, Michael W.L.; Hobijn, Bart; Sahin, Aysegul; … - Tinbergen Instituut - 2011
Since the end of the Great Recession in mid-2009, the unemployment rate has recovered slowly, falling by only one … weakness has led to the highest level of long-term unemployment in the U.S. in the postwar period, and a blurring of the … distinction between unemployment and nonparticipation. We show that flows from nonparticipation to unemployment are important for …