Evidence and Theory on the Cyclical Asymmetry in Unemployment Rate Fluctuations.

A number of recent empirical studies have identified the presence of a cyclical asymmetry in unemployment rate fluctuations. In particular, during a recession the unemployment rate increases sharply, while during an expansion the unemployment rate declines only gradually. The purpose of this paper is to demonstrate that this cyclical asymmetry can be explained in an empirically plausible manner by the optimal search activities of individuals in the economy.

MoreLess

Year of publication:	1997
Authors:	Andolfatto, David
Published in:	Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 30.1997, 3, p. 709-21
Publisher:	Canadian Economics Association - CEA

More details

Extent:	text/html
Type of publication:	Article
Notes:	Published
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005609145