A matching model calibrated with Current Population Survey panel data from 2002–2007 can account for almost all of the increase in the incidence of long-term unemployment observed after 2008.
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/system/files/working_papers/w20273/w20273.pdf (nber.org)
- https://www.ipr.northwestern.edu/documents/working-papers/2014/IPR-WP-14-25.pdf (ipr.northwestern.edu)
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