Full Citation

Title: Why did the average duration of unemployment become so much longer?

Citation Type: Journal Article

Publication Year: 2009

ISBN:

ISSN:

DOI:

NSFID:

PMCID:

PMID:

Abstract: There has been a substantial increase in the average duration of unemployment relative to the unemployment rate in the U.S. over the last 30 years. We evaluate the performance of a standard job-search model in explaining this phenomenon. In particular, we examine whether the increase in within-group wage inequality and the decline in the incidence of unemployment can account for the increase in unemployment duration. The results indicate that these two changes can explain a significant part of the increase over the last 30 years, although the model fails to match the behavior of unemployment duration during 1980s.

User Submitted?: No

Authors: Sahin, Aysegul; Mukoyama, Toshihiko

Periodical (Full): Journal of Monetary Economics

Issue: 2

Volume: 56

Pages: 200-209

Data Collections: IPUMS USA

Topics: Labor Force and Occupational Structure

Countries: United States