Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?

Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?

This paper presents evidence that the majority of the high post-recession unemployment rates is the result of an increase in the natural rate, rather than cyclical deviations from it. Moreover, I discuss the likely causes of the recent increases in the natural rate. Since most of the theorized cause...

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Bibliographic Details
Main Author: Appleton, Nicole
Format: Others
Published: Scholarship @ Claremont 2013
Subjects:
Economics
Labor Economics
Online Access:http://scholarship.claremont.edu/cmc_theses/762
http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1799&context=cmc_theses
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spelling ndltd-CLAREMONT-oai-scholarship.claremont.edu-cmc_theses-17992014-05-28T03:33:14Z Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical? Appleton, Nicole This paper presents evidence that the majority of the high post-recession unemployment rates is the result of an increase in the natural rate, rather than cyclical deviations from it. Moreover, I discuss the likely causes of the recent increases in the natural rate. Since most of the theorized causes of increases appear transitory in nature, I expect that the natural rate will soon decline, followed closely by a decrease in actual unemployment rates. 2013-01-01T08:00:00Z text application/pdf http://scholarship.claremont.edu/cmc_theses/762 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1799&context=cmc_theses © 2013 Nicole Appleton CMC Senior Theses Scholarship @ Claremont Economics Labor Economics
collection NDLTD
format Others
sources NDLTD
topic Economics
Labor Economics
spellingShingle Economics
Labor Economics
Appleton, Nicole
Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?
description This paper presents evidence that the majority of the high post-recession unemployment rates is the result of an increase in the natural rate, rather than cyclical deviations from it. Moreover, I discuss the likely causes of the recent increases in the natural rate. Since most of the theorized causes of increases appear transitory in nature, I expect that the natural rate will soon decline, followed closely by a decrease in actual unemployment rates.
author Appleton, Nicole
author_facet Appleton, Nicole
author_sort Appleton, Nicole
title Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?
title_short Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?
title_full Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?
title_fullStr Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?
title_full_unstemmed Unemployment Rates During the Not-So-Great Recovery: How Much is Structural versus Cyclical?
title_sort unemployment rates during the not-so-great recovery: how much is structural versus cyclical?
publisher Scholarship @ Claremont
publishDate 2013
url http://scholarship.claremont.edu/cmc_theses/762
http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1799&context=cmc_theses
work_keys_str_mv AT appletonnicole unemploymentratesduringthenotsogreatrecoveryhowmuchisstructuralversuscyclical
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