The persistent labour-market effects of the financial crisis

被引：1

作者：

Mossfeldt, Marcus ^{[1
]}

Osterholm, Par ^{[1
]}

机构：

[1] Natl Inst Econ Res, S-10362 Stockholm, Sweden

来源：

APPLIED ECONOMICS LETTERS | 2011年 / 18卷 / 07期

关键词：

FORCE PARTICIPATION; UNEMPLOYMENT; SWEDEN; RATES;

D O I：

10.1080/13504851003781424

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article estimates the effects of the financial crisis on the Swedish labour market. Using an unobserved components model and an external forecast, we estimate a future path for the Nonaccelerating Inflation Rate of Unemployment (NAIRU). Judging by this analysis, the labour market will be in equilibrium again in 2013. Linking the NAIRU to other labour-market variables through an estimated vector error correction model and population projections, it is found that this new equilibrium is associated with a smaller equilibrium labour force and lower equilibrium employment.

引用

页码：637 / 642

页数：6

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