The Beveridge Curve Across US States: New Insights From a Pairwise Approach
采用成对方法分析美国各州失业率与职位空缺率的关系,发现州间距离、劳动参与率、住房自有率和住房相对可负担性影响匹配效率,且大衰退后匹配效率下降。
This paper offers new insights into Beveridge curve analysis by modelling the unemployment–vacancy rate relationship at state‐level within a pairwise environment in which the unemployment rate in one state is inversely related to the vacancy rate in another. We find that Beveridge curve shifting, or matching efficiency, is driven by factors that include distance between states, the labour force participation rate, homeownership and the relative affordability of housing between states. A pairwise recursive analysis points to a decrease in matching efficiency in the period that followed the Great Recession.