Home About Latest Browse RSS Advanced Search

Federal Reserve Bank of Boston
Working Papers
Cyclical unemployment, structural unemployment
Peter A. Diamond

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 issues in that proxy relationship that complicate such analyses. Also discussed is the concept of mismatch.

Download Full text
Download Full text
Cite this item
Peter A. Diamond, Cyclical unemployment, structural unemployment, Federal Reserve Bank of Boston, Working Papers 13-5, 2013.
More from this series
JEL Classification:
Subject headings:
Keywords: Unemployment ; Structural unemployment
For corrections, contact Catherine Spozio ()
Fed-in-Print is the central catalog of publications within the Federal Reserve System. It is managed and hosted by the Economic Research Division, Federal Reserve Bank of St. Louis.

Privacy Legal