the upper quantiles, large positive shocks do not, and hysteresis exists. These findings can explain why unemployment …Mixed results for unemployment dynamics are reported in many studies using linear or non-linear unit root tests. A … possible explanation is that the literature focuses on the average behavior of unemployment and assumes that the speed of …

supports hysteresis theories in which short-run changes in unemployment influence the natural rate. Copyright Springer Science …This study constructs a new data set on unemployment rates in Latin America and the Caribbean and then explores the … determinants of unemployment. We compare different countries, finding that unemployment is influenced by the size of the rural …

This paper aims to investigate the unemployment hysteresis hypothesis for Iran, by using annual data of actual … breaks such as ADF and Phillips and Perron (1988) tests and fail to reject the hysteresis hypothesis in unemployment time … series. Our empirical findings are consistent with the hysteresis hypothesis of unemployment. …

paper attributes this stagnation directly to the prolonged period of high unemployment. It notes research showing that the … unemployment in the late 1990s. Given current economic and political trends, it is unlikely that we will again see a level of … unemployment low enough to support broad-based real wage growth in the near future. …

century of UK and USA unemployment data. For both the countries we see a period conforming to hysteresis starting in the early …A novel procedure is applied to test for switches between hysteresis and the natural rate theory over more than a …

Many developed countries have suffered from high unemployment rates during the last few decades. Beyond the economic … and social consequences of this painful experience, the understanding of the mechanisms underlying unemployment still … unemployment. We show that the difficulty of detecting the close relationship between the two is due to a phenomenon of non …

This article analyzes the hysteresis hypothesis in the unemployment rates of the four French overseas regions … root and so find evidence supporting hysteresis in the unemployment rates for the FORs. … (Guadeloupe, Martinique, Guyana, Reunion) [FORs] over the period 1993-2008. We use standard univariate and panel unit root tests …

to restore determinacy if skill decay exceeds the threshold level. However, a modest response to unemployment guarantees … determinacy. Moreover, under indeterminacy, both an adverse sunspot shock and an adverse technology shock increase unemployment …

This paper examines an open economy model in which equilibrium unemployment depends on capacity in the traded …-goods sector. The model is estimated using U.K. quarterly data and compared with alternative concepts of equilibrium unemployment … Carruth, Hooker and Oswald, 1998). The capacity model displays a non-linear hysteresis mechanism through which capacity …

unemployment fluctuations of the last three decades. A structural VAR model for the growth rates of labor productivity, inflation … and unemployment is estimated on American and French data. By using long-run identifying restrictions, unemployment … large part of the French unemployment drift. This result questions the conventional prior that the heterogeneity in …