Measuring structural unemployment: Some neglected issues

Arbeitspapier

This paper is no more than a critical note on the mismatch philosophy. Its main point is that, under empirically acceptable assumptions, all measures developed so far - and probably all measures likely to emerge from refining the mismatch tools - are bound to seriously underestimate the extent of structural unemployment by any reasonable standard. For all that matters empirically, no period with a high share of mismatch in total unemployment is ever likely to emerge. Hence, if structural means mismatch, economists might as well stop worrying about structural labour market issues altogether. Of course, this unpleasant consequence raises the question whether the mismatch philosophy really captures the essence of what structural imbalances ought to mean. To answer this question, we shall set out an alternative framework which conforms more to what the term 'structural unemployment' actually denotes in the policy debate.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Year: 1992 ; Kiel: Institut für Weltwirtschaft (IfW)

Classification and Topics

• Classification: Wirtschaft
• Subject: Theorie der Arbeitslosigkeit ; Strukturelle Arbeitslosigkeit ; Natürliche Arbeitslosigkeit ; Beveridge-Kurve ; Theorie

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Paqué, Karl-Heinz
• Event: Veröffentlichung
• (who): Kiel Institute of World Economics (IfW) ; ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften, Leibniz-Informationszentrum Wirtschaft
• (where): Kiel
• (when): 1992

Further information

• Handle: http://hdl.handle.net/10419/47062
• Last update: 10.03.2025, 11:45 AM CET