As part of thesurvey, respondents are asked the reason they find themselves unemployed.It is this reason for unemployment that distinguishes whether structural or frictional unemployment occurs.For example, if an individuallosestheir job for lack of demand for the industry, structural unemployment is i...
Horner (2018) shows vacancy rates for commercial real estate resemble unemployment data, suggesting that search may be as important for capital as it is for labor, and argues that rents on these properties vary considerably, inconsistent with Walrasian theory. In a particular market that has been...