This study evaluates the long-term cost of unemployment in Finland by focusing on the deep recession period of the … early 1990s. The number of plant closures increased sharply during the recession and the unemployment rate rose by more than … 13 percentage points. In the analysis, prime working-age men who face unemployment due to plant closure are matched to …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

individuals and the prevailing unemployment rate in the country impact perceptions of the effectiveness of democracy. We find that … effectiveness of democracy as system of governance are also shaped by the unemployment rate in countries with low levels of … democracy. The results suggest that periods of high unemployment and joblessness would hinder the development of democracy. …

Abstract This study reinvestigates the relationship between unemployment and crime. By being the first study to use … long-term unemployment, it contributes unique findings. Moreover, with a Swedish panel consisting of 288 municipalities and … show that long-term unemployment exhibits a strong association with violent crimes in addition to property crimes …

particular, rather than the mixed evidence for hysteresis found using unemployment rates, employment rates result in unequivocal …This paper investigates if conclusions regarding labour market hysteresis differ depending on whether employment or … unemployment rates are studied. Applying a range of unit-root tests to monthly data from Australia, Austria, Canada, Finland …

This paper presents a reappraisal of unemployment movements in the European Union. Our analysis is based on the chain … reaction theory of unemployment, which focuses on (a) the interaction among labor markets 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 explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal … Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

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 …. We found evidence in favor of mean reversion in the case of female unemployment and this happens for all the groups of …

avoid shirking, firms pay fair wages. The wage norms change endogenously, and the result is hysteresis with respect to both …