Karanassou, Marika; Sala, Héctor; Snower, Dennis J. - 2007
We distinguish and assess three fundamental views of the labor market regarding the movements in unempoyment: (i) the … that all the shortrun fluctuations automatically turn into long-run changes in the unemployment rate. We assert the … problems faced by these conceptions in explaining the diversity of labor market experiences across the OECD labor markets. We …