The recession of the early 1990s caused a serious unemployment problem in Finland. This study investigates the role of compositional variation in unemployment duration using individual data on Finnish workers. The compositional effect is examined by predicting the impact of the observed...

This article investigates the effect of plant closure on the labour market attachment of immigrants and how these effects vary with business cycles. The research covers two periods: one of economic upturn and one of economic downturn, and uses a rich employer–employee dataset. Results show...

Using Canadian time use data, we exploit variation in local unemployment rates to investigate the cyclical nature of sleep time and show that for both men and women, sleep time decreases when the economy is doing relatively better. Our results suggest that in a recession Canadians sleep an...

The business cycles literature shows that the likelihood of an expansion or contraction ending increases with its age, i.e. they exhibit positive duration dependence. This evidence rests on the assumption that the magnitude of duration dependence is the same over time. However, we assume that...

This article estimates two unobserved components models to explore the macrodynamics of entrepreneurship in Spain and the USA. We ask whether entrepreneurship exhibits hysteresis, defined as a macrodynamic structure in which the cyclical component of entrepreneurship has persistent effects on...

There is a wide literature on the dynamic adjustment of employment and its relationship with the business cycle. In this paper we present a statistical model that offers a congruent representation of part of the UK labour market since the mid 1960s. We use a cointegrated vector autoregressive...