Potential causes and implications of the rise in long-term unemployment

Long-term unemployment rose dramatically during the recent recession and remains elevated. A primary cause may be the fact that more workers with inherently low job finding rates have become unemployed. This would suggest that the natural rate of unemployment has increased, and that additional monetary stimulus may have only a limited effect on reducing unemployment.

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Year of publication:	2011
Authors:	Hornstein, Andreas ; Lubik, Thomas A. ; Romero, Jessie
Published in:	Richmond Fed Economic Brief. - Federal Reserve Bank of Richmond. - 2011, Sep, 11-9
Publisher:	Federal Reserve Bank of Richmond
Subject:	Labor market \| Unemployment \| Recessions \| Monetary policy

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Extent:	application/pdf text/html
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009321118