Federal Reserve Bank of New York
Shifts in the Beveridge curve
This note puts the current shift in the Beveridge curve into context by examining the behavior of the curve since 1950. Outward shifts in the Beveridge curve have been common occurrences during U.S. recoveries. By itself, the presence of a shift has not been a good predictor of whether the unemployment rate at the end of the expansion following a shift was higher or lower than that in the preceding expansion.
Cite this item
Peter A. Diamond & Aysegul Sahin, Shifts in the Beveridge curve, Federal Reserve Bank of New York, Staff Reports 687, 01 Aug 2014.
- E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
- J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General
Keywords: Beveridge curve; unemployment; vacancies
This item with handle RePEc:fip:fednsr:687
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