Shifts in the Beveridge curve

Peter A. Diamond, Ayşegül Şahin

Research output: Contribution to journalArticlepeer-review

19 Scopus citations

Abstract

We put the current shift in the Beveridge curve into context by examining the behavior of the curve since 1950. Outward shifts in the Beveridge curve have been common occurrences during U.S. recoveries. By itself, the presence of a shift has not been a good predictor of whether the unemployment rate at the end of the expansion following a shift was higher or lower than that in the preceding expansion.

Original languageEnglish (US)
Pages (from-to)18-25
Number of pages8
JournalResearch in Economics
Volume69
Issue number1
DOIs
StatePublished - Mar 1 2015
Externally publishedYes

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Keywords

  • Beveridge curve
  • Unemployment
  • Vacancies

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