Which Industries are shifting the Beveridge Curve?

Arbeitspapier

The negative relationship between the unemployment rate and the job openings rate, known as the Beveridge curve, has been relatively stable in the U.S. over the last decade. Since the summer of 2009, in spite of firms reporting more job openings, the U.S. unemployment rate has not declined in line with the Beveridge curve. We decompose the recent deviation from the Beveridge curve into different parts using data from the Job Openings and Labor Turnover Survey (JOLTS). We find that most of the current deviation from the Beveridge curve can be attributed to a shortfall in hires per vacancy. This shortfall is broad-based across all industries and is particularly pronounced in construction, transportation, trade, and utilities, and leisure and hospitality. Construction alone accounts for more than half of the Beveridge curve gap.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Tinbergen Institute Discussion Paper ; No. 11-157/3

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Labor Demand ; Mobility, Unemployment, Vacancies, and Immigrant Workers: General ; Labor Turnover; Vacancies; Layoffs
• Thema: Beveridge Curve ; job openings ; measurement ; search frictions ; Beveridge-Kurve

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Barnichon, Regis ; Elsby, Michael ; Hobijn, Bart ; Sahin, Aysegul
• Ereignis: Veröffentlichung
• (wer): Tinbergen Institute
• (wo): Amsterdam and Rotterdam
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/87455
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ