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The Shifting Reasons for Beveridge Curve Shifts

[Symposium: Labor Market and Macroeconomics]

By Gadi Barlevy, R. Jason Faberman, Bart Hobijn, and Ayşegül Şahin

Journal of Economic Perspectives, Spring 2024

We discuss how the relative importance of factors that contribute to movements of the US Beveridge curve has changed from 1959 to 2023. We review these factors in the context of a simple flow analogy used to capture the main insights of search and match...