A matching model calibrated on 2002–2007 CPS data explains much of the observed outward shift in the Beveridge curve between 2008 and 2013.
Sources
- Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation | Lawrence Katz (lkatz.scholars.harvard.edu)
- https://www.nber.org/papers/w20273 (nber.org)
- https://www.nber.org/reporter/2019number3/long-term-unemployment-and-great-recession (nber.org)
- https://www.ipr.northwestern.edu/our-work/working-papers/2014/ipr-wp-14-25.html (ipr.northwestern.edu)
- https://dx.doi.org/10.1086/682390 (dx.doi.org)
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