Petrongolo, Barbara (contributor); … - 2008
unemployed in quarter
t − 1 andemployedinquartert by unemployment at t − 1,andbs
t
is obtained by dividing
the number of …).Butthetwoseriesmoveparalleltoeachotheruptothelate1990s,whenthe
gap widens - implying that the fraction of the unemployed who claim benefits is now lower.
This change was …