Karanassou, Marika; Snower, Dennis - Institute for the Study of Labor (IZA) - 2000
unemployment are viewed as ‘ ‘ chain reactions’’ of responses to labor market shocks, working their way through systems of … interacting lagged adjustment processes. In the context of estimated labor market systems for Germany, the UK, and the US, we … unused labor resources generated in the aftermath of a shock). Furthermore, we estimate the contributions of individual …