The DOI matches its Crossref record; 2 of the 2 references it cites were found in a registry or an index.
The Ins and Outs of Cyclical Unemployment
Open accessAbstract
A dominant trend in recent modeling of labor market fluctuations is to treat unemployment inflows as acyclical. This trend has been encouraged by recent influential papers that stress the role of longer unemployment spells, rather than more unemployment spells, in accounting for recessionary unemployment. After reviewing an empirical literature going back several decades, we apply a convenient log change decomposition to Current Population Survey data to characterize rising unemployment in each postwar recession. We conclude that a complete understanding of cyclical unemployment requires an explanation of countercyclical inflow rates, especially for job losers (layoffs), as well as procyclical outflow rates. (JEL E24, E32)
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Citations
Cites
Employment Fluctuations with Equilibrium Wage Stickiness
Hall, R. E. (2005) · American Economic Review · doi:10.1257/0002828053828482 · Cited by 1,439
The Flow Approach to Labor Markets: New Data Sources and Micro–Macro Links
Davis, S. J., Faberman, R. J., & Haltiwanger, J. (2006) · Journal of Economic Perspectives · doi:10.1257/jep.20.3.3 · Cited by 429
Cited by
Reassessing the ins and outs of unemployment
Shimer, R. (2012) · Review of Economic Dynamics · doi:10.1016/j.red.2012.02.001 · Cited by 1,200
Recessions and the Costs of Job Loss
Davis, S. J., & von Wachter, T. (2011) · Brookings Papers on Economic Activity · doi:10.1353/eca.2011.0016 · Cited by 533
Entrepreneurship and the Business Cycle
Koellinger, P. D., & Roy Thurik, A. (2012) · Review of Economics and Statistics · doi:10.1162/rest_a_00224 · Cited by 477
The Labor Market in the Great Recession
Elsby, M. W. L., Hobijn, B., & Şahin, A. (2010) · Brookings Papers on Economic Activity · doi:10.1353/eca.2010.0001 · Cited by 447
Self-citationThe Flow Approach to Labor Markets: New Data Sources and Micro–Macro Links
Davis, S. J., Faberman, R. J., & Haltiwanger, J. (2006) · Journal of Economic Perspectives · doi:10.1257/jep.20.3.3 · Cited by 429
Metadata
- Authors
- Elsby, M. W. L., Michaels, R., & Solon, G.
- Venue
- American Economic Journal: Macroeconomics
- Publisher
- American Economic Association
- Published
- 2009-01-01
- Volume
- 1
- Issue
- 1
- Pages
- 84-110
- ISSN
- 1945-7707 (ISSN-L)
- 1945-7715
- OpenAlex
- W2163426381
- Cited by
- 463
- References
- 2
- FWCI
- 85.80
- Type
- journal article
- Language
- en
- Open access
- green
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- Elsby, M. W. L., Michaels, R., & Solon, G. (2009). The Ins and Outs of Cyclical Unemployment. American Economic Journal: Macroeconomics. https://doi.org/10.1257/mac.1.1.84
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
