Most studies that use classical unit-root tests in OECD countries support the unemployment hysteresis hypothesis …, refuting the unemployment hysteresis hypothesis. … number of panel unit root tests, which are known to overcome specification problems, to check the existence of hysteresis in …

This paper re-examines the empirical validity of the hysteresis hypothesis in unemployment rates in terms of education … unemployment rates by primary and secondary education attainment in total unemployment, and therefore the existence of hysteresis … while there is no evidence of hysteresis for unemployment rates by tertiary education. …

generally find that the unemployment rate, productivity, and real wages have a unit root even if one controls for threshold … the variables of interest. For roughly half of the OECD countries in the sample, the unemployment rate, real wages, and … adjust faster to the long-run equilibrium, while shocks to unemployment take longer to extinguish. Also, according to the …

employment is presented. We provide some theoretical arguments which cast doubt on the standard thesis that unemployment … that a persistent lack of demand is responsible for the major part of the German unemployment problem. … und Lohn-bedingten Arbeitslosigkeit in Frage stellen. Es deutet vielmehr einiges darauf hin, dass die hohe …

effect induces equilibrium actions that support the status quo, a property we call hysteresis. …

destruction and suppressed job creation, and appear to exhibit hysteresis. Additionally, more open sectors experienced relative …

by belief hysteresis, where learning in active regime fuels optimism, propelling an expansion. After an inevitable regime …