NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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The Shadow Margins of Labor Market Slack

R. Jason Faberman, Andreas I. Mueller, Ayşegül Şahin, Giorgio Topa

NBER Working Paper No. 26852
Issued in March 2020

---- Acknowledgments ----

We thank our editors Antoine Martin and Ken West, our discussant Marianna Kudlyak, two anonymous referees, and conference participants at the JMCB 50th Anniversary Conference for their comments. Ali Ismail and Jin Yan provided excellent research assistance. The views expressed in this paper are our own and do not necessarily reflect the views of the Federal Reserve Banks of Chicago or New York or the Federal Reserve System. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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