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Worker identity, employment fluctuations and stabilization policy

Lechthaler, Wolfgang; Snower, Dennis J. - 2013

This paper provides a model of "social hysteresis", whereby long, deep recessions demotivate workers and thereby lead them to change their work ethic. In switching from a pro-work to an anti-work identity, their incentives to seek and retain work fall and consequently their employment chances...

Persistent link: https://www.econbiz.de/10009753001

Unemployment in the European Union : institutions, prices, and growth : presented at CESifo Area Conference on Employment and Social Protection, June 2004

Karanassou, Marika; Sala, Hector; Snower, Dennis J. - 2004

reaction theory of unemployment, which focuses on (a) the interaction among labor market adjustment processes, (b) the … growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain …

Persistent link: https://www.econbiz.de/10011450238