Ins and outs of the long-run unemployment dynamics/ created by Hiroaki Miyamoto
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- HB1.A666 APP
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
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Main Library - Special Collections | HB1.A666 APP (Browse shelf(Opens below)) | Vol. 20, no.7 (pages 615-620) | SP17975 | Not for loan | For In House Use Only |
This article studies the contribution of inflow and outflow rates to the unemployment dynamics in the long-run. I find that both inflow and outflow rates contribute significantly to variation in the long-run trend in the unemployment rate in both the United States and Japan. In the United States, the inflow and outflow rates account for roughly similar proportions of overall unemployment variability in the long run. On the other hand, in Japan, the inflow rate accounts for much of unemployment variation in the long run, and the contribution of the inflow rate to overall unemployment fluctuation is around 62%.
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