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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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Long Memory in Turkish Unemployment Rates
Gil-Alaña, Luis A.; Ozdemir, Zeynel Abidin; Tansel, Aysit - 2017
In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders of integration equal to or higher than 1 in most...
Persistent link: https://www.econbiz.de/10011744765
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The Nature of Occupational Unemployment Rates in the United States: Hysteresis or Structural?
Candelon, Bertrand; Dupuy, Arnaud; Gil-Alana, Luis A. - Institute for the Study of Labor (IZA) - 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/10005822105
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On the role of sectoral and national components in the wage bargaining process
Dreger, Christian; Reimers, Hans-Eggert - 2010
This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial economies. Nominal wages are bargained between labour unions and employers in imperfect competitive markets, where spillovers across sectors might occur. Using a principal component...
Persistent link: https://www.econbiz.de/10010269817
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On the Role of Sectoral and National Components in the Wage Bargaining Process
Dreger, Christian; Reimers, Hans-Eggert - Institute for the Study of Labor (IZA) - 2010
This paper provides an empirical analysis on the determination of wages at the sectoral level in main industrial economies. Nominal wages are bargained between labour unions and employers in imperfect competitive markets, where spillovers across sectors might occur. Using a principal component...
Persistent link: https://www.econbiz.de/10008560747
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The tax system incidence on unemployment: a country-specific analysis for the OECD economies
Garcia, José Ramón; Sala, Héctor - 2006
This paper provides a detailed analysis on the incidence of the tax structure on the labor market. To do so it goes beyond the traditional examination of the 'level' effect of the fiscal wedge and considers a 'composition' effect defined as a payroll tax bias (PTB): the proportion of payroll...
Persistent link: https://www.econbiz.de/10010276458
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The Tax System Incidence on Unemployment: A Country-Specific Analysis for the OECD Economies
García, José Ramón; Sala, Hector - Institute for the Study of Labor (IZA) - 2006
This paper provides a detailed analysis on the incidence of the tax structure on the labor market. To do so it goes beyond the traditional examination of the ‘level’ effect of the fiscal wedge and considers a ‘composition’ effect defined as a payroll tax bias (PTB): the proportion of...
Persistent link: https://www.econbiz.de/10005703620
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Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence
Coibion, Olivier; Gorodnichenko, Yuriy; Koustas, Dmitri - Institute for the Study of Labor (IZA) - 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/10010709718
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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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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