This paper compares models used to explain OECD unemployment. The models suggest that the “natural rate of unemployment …” has been driven up mainly by wage push factors. Panel data on twenty-two OECD countries are used to investigate the …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and … equilibrium paths. Hysteresis is viewed as the result of a selection between these different equilibrium paths. We use this model … of the 1970’s may have played a central role in generating hysteresis. …

transition rates. We focus on hysteresis effects of the durations and incidence of previous spells out of work. We estimate … flexible multi-state Mixed Proportional Hazard specifications for transition rates between employment, unemployment, and …' transition rates from unemployment to employment increase. Longer periods of non-employment generally decrease future transition …

' subsequent employment opportunities. An analysis of panel data from OECD countries during the 1960-2010 periods reveals that a … worker who experiences a one-percentage-point higher unemployment rate while the worker is 16-24 years old has a 0 ….14 percentage-point higher unemployment rate at ages 25-29 and 0.03 percentage points higher at ages 30-34. The persistence of this …

This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead …

US. We ask whether entrepreneurship exhibits hysteresis, defined as a macro dynamic structure in which cyclical … fluctuations have persistent effects on the natural rate of entrepreneurship. We find evidence of hysteresis in Spain, but not the …

occupational unemployment. In almost all occupations, we find support for both the structuralist and the hysteresis hypotheses, but …This paper provides new evidence on the nature of occupational differences in unemployment dynamics, which is relevant … for the debate between the structural or hysteresis hypotheses. We develop a procedure that permits us to test for the …

discrete choice panel data model controlling for unobserved heterogeneity to simultaneously estimate labor supply and the …

as a function of individual and household characteristics using panel data analysis and compares three alternate … approaches; a static, chamberlain-mundlak and dynamic specification. Using panel data from 1994 to 2000, we consider whether …