A matching model calibrated on 2002–2007 CPS data explains much of the observed outward shift in the Beveridge curve between 2008 and 2013.
Notes on verification
Directly confirmed by NBER working paper, published Journal of Labor Economics article, Northwestern IPR summary, and a later NBER Reporter piece, all using nearly identical language describing the calibrated matching model's ability to explain the Beveridge curve shift. [tier=silver indep_score=0.833 clusters=3 claim_tier=notable]
Sources
- Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation | Lawrence Katz (seed:relationships_and_lifestyle)
- https://www.nber.org/papers/w20273 (corroboration)
- https://www.nber.org/reporter/2019number3/long-term-unemployment-and-great-recession (corroboration)
- https://www.ipr.northwestern.edu/our-work/working-papers/2014/ipr-wp-14-25.html (corroboration)
- https://dx.doi.org/10.1086/682390 (corroboration)