structural breaks. The results show that unemployment hysteresis hypothesis is strongly rejected when taking into account the …This paper revisits the dynamics of unemployment rate for 29 OECD countries over the period of 1980-2013. Numerous … empirical studies of the dynamics of unemployment rate are carried out within a linear framework. However, unemployment rate can …

We propose and estimate a model where unemployment fluctuations result from self-fulfilling changes in expected … European unemployment rates. They also generate positive comovements in macroeconomic variables and a large relative volatility … fact that liquidity constrained workers, facing earnings uncertainty in the context of imperfect unemployment insurance …

large and persistent negative relationships between unemployment and the risk of repeated unemployment and being out of … that unemployment has a negative effect on later labour market attachment. This is consistent with existing findings in the … present in the data before changing the inference. Thus, unemployment leaves young workers with long-term scars …

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

The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future … shocks do not systematically lead to more persistent unemployment than monetary policy shocks, so these cannot explain the … rising persistence of unemployment. Second, monetary and fiscal policies can account for only part of the evolving …

'play' area. Second, we apply an algorithm describing path-dependent play-hysteresis to estimate investment hysteresis using …

seventeen years of household panel data from the German Socio-Economic Panel, we examine whether job loss fears impact on … in direction and magnitude with the ones from objective unemployment and being out of the labor force. However, our …

The paper studies the impact from variations in unemployment on retirement among older workers. We integrate … unemployment variations with early retirement programs and other pathways out of the labor force. The paper describes retirement … age of retirement. Individual panel data for the last 25 years are used in estimations of the impact from individual …