Has the great recession raised U.S. structural unemployment?
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The work Has the great recession raised U.S. structural unemployment? represents a distinct intellectual or artistic creation found in University of San Diego Libraries. This resource is a combination of several types including: Work, Language Material, Books.
The Resource
Has the great recession raised U.S. structural unemployment?
Resource Information
The work Has the great recession raised U.S. structural unemployment? represents a distinct intellectual or artistic creation found in University of San Diego Libraries. This resource is a combination of several types including: Work, Language Material, Books.
- Label
- Has the great recession raised U.S. structural unemployment?
- Statement of responsibility
- Marcello Estevão and Evridiki Tsounta
- Language
- eng
- Summary
- The recent crisis has had differential effects across U.S. states and industries causing a wide geographic dispersion in skill mismatches and housing market performance. We document these facts and, using data from the 50 states plus D.C from 1991 to 2008, we present econometric evidence that supports that changes in state-level unemployment rates are linked to skill mismatches and housing market performance even after controlling for cyclical effects. This result suggests some causality going from mismatches and housing conditions to unemployment rates. The numerical estimates imply that the structural unemployment rate in 2010 was about 1 percentage points higher than before the onset of the housing market meltdown at end-2006. Reversing this increase may require targeted active labor market policies and measures to expedite the adjustment in housing markets, as our results suggest weak housing market conditions interact negatively with skill mismatches to produce higher unemployment rates in the United States
- Cataloging source
- DJB
- Government publication
- international or intergovernmental publication
- Illustrations
-
- illustrations
- maps
- Index
- no index present
- LC call number
-
- HD5708.47.U6
- HG3881.5.I58
- LC item number
-
- E88 2011 ONLINE
- W67 No. 11/105 ONLINE
- Literary form
- non fiction
- Nature of contents
-
- dictionaries
- bibliography
- Series statement
- IMF Working Paper
- Series volume
- WP/11/105
Context
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