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Shifts in the Beveridge curve

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Abstract

This note puts the current shift in the Beveridge curve into context by examining the behavior of the curve since 1950. Outward shifts in the Beveridge curve have been common occurrences during U.S. recoveries. By itself, the presence of a shift has not been a good predictor of whether the unemployment rate at the end of the expansion following a shift was higher or lower than that in the preceding expansion.

Suggested Citation

  • Peter A. Diamond & Ayşegül Şahin, 2014. "Shifts in the Beveridge curve," Staff Reports 687, Federal Reserve Bank of New York.
    • Handle: RePEc:fip:fednsr:687
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    More about this item

    Keywords

    vacancies; Beveridge curve; unemployment;
    All these keywords.

    JEL classification:

    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • J60 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - General

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