Claims: Decomposing Shifts in the Beveridge Curve: Implications for Labor Market Dynamics and Inflation -- by Katharine G. Abraham, John C. Haltiwanger, Lea E. Rendell
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- title: Decomposing Shifts in the Beveridge Curve: Implications for Labor Market Dynamics and Inflation -- by Katharine G. Abraham, John C. Haltiwanger, Lea E. Rendell Source
- url: https://www.nber.org/papers/w35316#fromrss Source
- summary: This paper explores the relationship between standard labor market tightness (vacancies divided by unemployment) and generalized labor market tightness (vacancies divided by a measure of effective searchers that accounts for potential hires from all sources including those out of the labor force or currently employed). We show that much of what the standard model attributes to variation in matching efficiency reflects changes in the ratio of effective searchers to unemployment rather than change… Source
- published: Source