Transitions between employment, unemployment, and non-participation contribute significantly to explaining post-2008 labor-market data in a matching model of the Great Recession.
Notes on verification
Confirmed as the stated finding of a peer-reviewed Journal of Labor Economics paper (Kroft, Lange, Notowidigdo, Katz), corroborated by NBER working paper page, SSRN abstract, and Northwestern IPR summary using near-identical language. [tier=gold indep_score=0.9 clusters=4 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.ipr.northwestern.edu/our-work/working-papers/2014/ipr-wp-14-25.html (corroboration)
- https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2463388 (corroboration)
- https://econpapers.repec.org/article/ucpjlabec/doi_3a10.1086_2f682390.htm (corroboration)