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The nature of occupational unemployment rates in the United States: hysteresis or structural?
Candelon, Bertrand; Dupuy, Arnaud; Gil-Alana, Luis - 2008
for the debate between the structural or hysteresis hypotheses. We develop a procedure that permits us to test for the … the 0/1 paradigm about the order of integration, usually implemented for testing the hypothesis of hysteresis in … occupational unemployment. In almost all occupations, we find support for both the structuralist and the hysteresis hypotheses, but …
Persistent link: https://www.econbiz.de/10010268561
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Uncertainty and the politics of employment protection
Vindigni, Andrea - 2008
This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...
Persistent link: https://www.econbiz.de/10010268688
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Unemployment dynamics and the cost of business cycles
Hairault, Jean-Olivier; Langot, François; Osotimehin, … - 2008
In this paper, we investigate whether business cycles can imply sizable effects on average unemployment. First, using a reduced-form model of the labor market, we show that job finding rate fluctuations generate intrinsically a non-linear effect on unemployment: positive shocks reduce...
Persistent link: https://www.econbiz.de/10010269007
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Characteristics of unemployment dynamics: The chain reaction approach
Karanassou, Marika; Snower, Dennis J. - 2000
The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
Persistent link: https://www.econbiz.de/10010273099
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Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence
Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - 2013
The persistence of U.S. unemployment has risen with each of the last three recessions, raising the specter that future U.S. recessions might look more like the Eurosclerosis experience of the 1980s than traditional V-shaped recoveries of the past. In this paper, we revisit possible explanations...
Persistent link: https://www.econbiz.de/10010329115
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The dynamics of entrepreneurship: hysteresis, business cycles and government policy
Congregado, Emilio; Golpe, Antonio A.; Parker, Simon C. - 2009
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 …
Persistent link: https://www.econbiz.de/10010276150
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Unemployment, Growth and Fiscal Policy : New Insights on the Hysteresis Hypothesis
Sorolla, Valeri; Sala, Héctor; Raurich, Xavier - 2004
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. …
Persistent link: https://www.econbiz.de/10010276428
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Persistencies in the labour market
Frijters, Paul; Lindeboom, Maarten; van den Berg, Gerard J. - 2009
transition rates. We focus on hysteresis effects of the durations and incidence of previous spells out of work. We estimate … rates to work, and sometimes also from work. The quantitative magnitude of persistency and hysteresis effects on inequality …
Persistent link: https://www.econbiz.de/10010277329
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Worker Identity, Employment Fluctuations and Stabilization Policy
Snower, Dennis J.; Lechthaler, Wolfgang - 2013
This paper provides a model of social hysteresis whereby long, deep recessions demotivate workers and thereby lead them …
Persistent link: https://www.econbiz.de/10010319518
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The Changing Profile of Mexican Migrants to the United States: New Evidence from California and Mexico
Cornelius, Wayne A.; Marcelli, Enrico A. - 2000
Using recent data from southern California and Mexico we challenge the notion that the demographic profile of post-1970 Mexican migrants to the United States has remained constant. We find that more recent cohorts of migrants: (1) are more likely to settle permanently in the United States, (2)...
Persistent link: https://www.econbiz.de/10010262427