Mismatch in Labor Market Leads to Prolonged Unemployment for Recent Graduates
The article measures how long different types of workers stay unemployed. The researchers found that the factors influencing the duration of unemployment differ between new job seekers and those who have lost their jobs. They also discovered that recent college graduates entering the job market may face long periods of job searching due to certain factors. The study uses a model to show how unexpected events can affect how long someone stays unemployed. This model helps to understand why some people stay unemployed for a long time and why there is a mismatch between job seekers and available jobs.