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We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by … latter control for dependencies. The first generation tests indicate, that unemployment is persistent, but nevertheless …. Hysteresis in EU unemployment is attributed to the idiosyncratic, but not to the common component. In contrast, idiosyncratic …
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participation rates have been rather stable over the past, the unemployment problem is mainly caused by shortages in labour demand …
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participation rates have been rather stable over the past, the unemployment problem is mainly caused by shortages in labour demand …
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