Transitions between employment, unemployment, and non-participation contribute significantly to explaining post-2008 labor-market data in a matching model of the Great Recession.
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.ipr.northwestern.edu/our-work/working-papers/2014/ipr-wp-14-25.html (ipr.northwestern.edu)
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2463388 (papers.ssrn.com)
- https://econpapers.repec.org/article/ucpjlabec/doi_3a10.1086_2f682390.htm (econpapers.repec.org)
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