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New evidence on labour market hysteresis

Geoff Riley

25th August 2016

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The longer you're unemployed, the less likely you are to find a job.

This article - first published in the Federal Reserve Bank of New York’s Liberty Street Economics blog looks at some of the root causes of the steep decline in the probability of finding a job as the duration of time out of work increases. To what extent can employer discrimination based around the perceived loss of employable skills account for some of the reduction in employment probability? Either way, long term structural unemployment remains a key focus for supply-side policies designed to bring down the natural rate of unemployment.

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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