Princeton University professor Alan Krueger dives deep into the problem of long-term unemployment in a paper presented Thursday at the Brookings Institution. He calls people who have been out of a job for six months or more an “unlucky subset of the unemployed” who exist on the margins of the economy — with faint hope of returning to productivity. Here are five takeaways from his paper, co-authored with Judd Cramer and David Cho of Princeton.
1. Long-term unemployment has little impact on inflation.
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