The Beveridge Curve Across US States: New Insights From a Pairwise Approach

Publicado en

• Oxford Bulletin of Economics and Statistics

Resumen

• This paper offers new insights into Beveridge curve analysis by modelling the unemployment–vacancy rate relationship at state‐level within a pairwise environment in which the unemployment rate in one state is inversely related to the vacancy rate in another. We find that Beveridge curve shifting, or matching efficiency, is driven by factors that include distance between states, the labour force participation rate, homeownership and the relative affordability of housing between states. A pairwise recursive analysis points to a decrease in matching efficiency in the period that followed the Great Recession.

autores

• Holmes, Mark
• Otero, Jesús

fecha de publicación

• 2020

Área temática

• C33 - Modelos de ecuaciones múltiples/simultáneas; Variables múltiples: Modelos con datos de panel; Modelos espacio-temporales
• J6 - Movilidad, desempleo, vacantes y trabajadores inmigrantes
• J61 - Movilidad geográfica de la mano de obra; Trabajadores inmigrantes
• J63 - Rotación; Vacantes; Despidos

Enfoque geográfico

• Estados Unidos  Country
• North America  Continent

Identificador de objeto digital (DOI)

• https://doi.org/10.1111/obes.12337

Volumen

• 82

Issue

• 2