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The persistent labour-market effects of the financial crisis
National Institute of Economic Research, Stockholm, Sweden.
National Institute of Economic Research, Stockholm, Sweden.ORCID iD: 0000-0002-4840-7649
2011 (English)In: Applied Economics Letters, ISSN 1350-4851, E-ISSN 1466-4291, Vol. 18, no 7, p. 637-642Article in journal (Refereed) Published
Abstract [en]

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 labourmarket 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.

Place, publisher, year, edition, pages
Taylor & Francis, 2011. Vol. 18, no 7, p. 637-642
National Category
Economics
Research subject
Economics
Identifiers
URN: urn:nbn:se:oru:diva-61065DOI: 10.1080/13504851003781424ISI: 000290413900007Scopus ID: 2-s2.0-79956135180OAI: oai:DiVA.org:oru-61065DiVA, id: diva2:1141775
Available from: 2017-09-15 Created: 2017-09-15 Last updated: 2017-09-22Bibliographically approved

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Österholm, Pär

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