A matching model calibrated with Current Population Survey panel data from 2002–2007 can account for almost all of the increase in the incidence of long-term unemployment observed after 2008.
Notes on verification
Confirmed by NBER working paper, published Journal of Labor Economics version, and independent summaries (Northwestern IPR, economics blog), all consistent with no contradictions. [tier=silver indep_score=0.875 clusters=2 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/system/files/working_papers/w20273/w20273.pdf (corroboration)
- https://www.ipr.northwestern.edu/documents/working-papers/2014/IPR-WP-14-25.pdf (corroboration)