UGC Approved Journal no 63975(19)

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Published in:

Volume 5 Issue 9
September-2018
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIRFH06062


Registration ID:
318811

Page Number

377-381

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Title

Natural Rate of Unemployment: A Temporary or Constant Phenomenon

Authors

Abstract

Since the crisis of 2007-2009, United States (U.S.) unemployment has remained persistently high, prompting many to believe that structural rather than cyclical reasons were responsible. We investigate whether the natural unemployment rate has risen since the recession started, and whether the underlying reasons are transient or permanent, using a conventional job search and matching framework and empirical data from a variety of labor market variables. Our analyses show that the natural rate has increased over the last several years and our preferred estimate means an increase of about a percentage point from its pre-recession level. An appraisal of the underlying reasons responsible for this rise including labor market failure, increased unemployment benefits, and general economic instability, suggests that only a small part of it is likely to continue.

Key Words

Beveridge Curve, Labor Market, Structural Unemployment, Mismatch, Unemployment.

Cite This Article

"Natural Rate of Unemployment: A Temporary or Constant Phenomenon", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 9, page no.377-381, September 2018, Available :http://www.jetir.org/papers/JETIRFH06062.pdf

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2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"Natural Rate of Unemployment: A Temporary or Constant Phenomenon", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 9, page no. pp377-381, September 2018, Available at : http://www.jetir.org/papers/JETIRFH06062.pdf

Publication Details

Published Paper ID: JETIRFH06062
Registration ID: 318811
Published In: Volume 5 | Issue 9 | Year September-2018
DOI (Digital Object Identifier):
Page No: 377-381
Country: -, -, India .
Area: Engineering
ISSN Number: 2349-5162
Publisher: IJ Publication


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