The Shifting Reasons for Beveridge Curve Shifts (Record no. 133611)

MARC details
000 -LEADER
fixed length control field 01926nas a2200253Ia 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 240802c99999999xx |||||||||||| ||und||
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
International Standard Serial Number 0895-3309
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name Barlevy, Gadi
9 (RLIN) 120011
245 #4 - TITLE STATEMENT
Title The Shifting Reasons for Beveridge Curve Shifts
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Name of publisher, distributor, etc. Journal of Economic Perspectives
260 ## - PUBLICATION, DISTRIBUTION, ETC.
Date of publication, distribution, etc. 2024
300 ## - PHYSICAL DESCRIPTION
Extent 83-106
520 ## - SUMMARY, ETC.
Abstract We discuss how the relative importance of factors that contribute to movements of the US Beveridge curve has changed from 1959 to 2023. We review these factors in the context of a simple flow analogy used to capture the main insights of search and matching theories of the labor market. Changes in inflow rates, related to demographics, accounted for Beveridge curve shifts between 1959 and 2000. A reduction in matching efficiency, that depressed unemployment outflows, shifted the curve outwards in the wake of the Great Recession. In contrast, the most recent shifts in the Beveridge curve appear driven by changes in the eagerness of workers to switch jobs. Finally, we argue that, while the Beveridge curve is a useful tool for relating unemployment and job openings to inflation, the link between these labor market indicators and inflation depends on whether and why the Beveridge curve shifted. Therefore, a careful examination of the factors underlying movements in the Beveridge curve is essential for drawing policy conclusions from the joint behavior of unemployment and job openings.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Aggregate Human Capital
9 (RLIN) 119520
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Aggregate Labor Productivity, Labor Demand, Labor Turnover
9 (RLIN) 120012
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical term or geographic name entry element Employment
9 (RLIN) 186
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Topical term or geographic name entry element Intergenerational Income Distribution
9 (RLIN) 119523
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Topical term or geographic name entry element Wages
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Topical term or geographic name entry element Unemployment
9 (RLIN) 3282
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Faberman, R. Jason
9 (RLIN) 120013
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Hobijn, Bart
9 (RLIN) 120014
700 ## - ADDED ENTRY--PERSONAL NAME
Personal name Aysegul Sahin
9 (RLIN) 120015
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier <a href="https://www.aeaweb.org/articles?id=10.1257/jep.38.2.83">https://www.aeaweb.org/articles?id=10.1257/jep.38.2.83</a>
999 ## - SYSTEM CONTROL NUMBERS (KOHA)
Koha biblionumber 133611
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        Dr VKRV Rao Library Dr VKRV Rao Library 02/08/2024 Vol. 38, No. 2   AI264 02/08/2024 02/08/2024 Article Index