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• W2169588413 abstract "There has been a substantial increase in the average duration of unemployment relative to the unemployment rate in the U.S. over the last 30 years. We evaluate the performance of a standard job-search model in explaining this phenomenon. In particular, we examine whether the increase in within-group wage inequality and the decline in the incidence of unemployment can account for the increase in unemployment duration. The results indicate that these two changes can explain a significant part of the increase over the last 30 years, although the model fails to match the behavior of unemployment duration during 1980s." @default.
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• W2169588413 date "2009-03-01" @default.
• W2169588413 modified "2023-10-03" @default.
• W2169588413 title "Why did the average duration of unemployment become so much longer?" @default.
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• W2169588413 doi "https://doi.org/10.1016/j.jmoneco.2008.11.002" @default.
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