Long-term unemployment and the Great Recession. The role of composition, duration dependence, and non-participation.

Autor/inn/en	Kroft, Kory; Lange, Fabian; Notowidigdo, Matthew J.; Katz, Lawrence F.
Institution	National Bureau of Economic Research
Titel	Long-term unemployment and the Great Recession. The role of composition, duration dependence, and non-participation. Gefälligkeitsübersetzung: Langzeitarbeitslosigkeit und die Große Rezession. Der Einfluss struktureller Faktoren, der Arbeitslosigkeitsdauer und der Nichterwerbsbeteiligung.
Quelle	Cambridge, Mass. (2014), 44 S. PDF als Volltext kostenfreie Datei Link als defekt meldenVerfügbarkeit
Reihe	NBER working paper. 20273
Beigaben	grafische Darstellungen
Sprache	englisch
Dokumenttyp	online; gedruckt; Monographie
Schlagwörter	Langzeitarbeitslosigkeit; Nichterwerbstätigkeit; Rezession; Arbeitslosenquote; Arbeitsloser; Arbeitslosigkeit; Arbeitsmarktentwicklung; Berufsstruktur; Erwerbsbeteiligung; Qualifikationsstruktur; Dauer; Auswirkung; Langzeitarbeitsloser; USA
Abstract	We explore the extent to which composition, duration dependence, and labor force non-participation can account for the sharp increase in the incidence of long-term unemployment (LTU) during the Great Recession. We first show that compositional shifts in demographics, occupation, industry, region, and the reason for unemployment jointly account for very little of the observed increase in LTU. Next, using panel data from the Current Population Survey for 2002-2007, we calibrate a matching model that allows for duration dependence in the exit rate from unemployment and for transitions between employment (E), unemployment (U), and non-participation (N). We model the job-finding rates for the unemployed and non-participants, and we use observed vacancy rates and the transition rates from E-to-U, E-to-N, N-to-U, and U-to-N as the exogenous 'forcing variables'' of the model. The calibrated model can account for almost all of the increase in the incidence of LTU and much of the observed outward shift in the Beveridge curve between 2008 and 2013. Both negative duration dependence in the job-finding rate for the unemployed and transitions to and from non-participation contribute significantly to the ability of the model to match the data after 2008. (Author's abstract, IAB-Doku).
Erfasst von	Institut für Arbeitsmarkt- und Berufsforschung, Nürnberg
Update	2015/1