? The underlying idea is that unemployment hysteresis may operate through a sociological channel: if many people in the …This paper examines the existence of a habituation effect to unemployment: Do the unemployed suffer less from job loss … if unemployment is more widespread, if their own unemployment lasts longer and if unemployment is a recurrent experience …

We develop a growth model with unemployment due to imperfections in the labor market. In this model, wage inertia and … 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. …

growth drivers. Estimating a system of labor market equations for a panel of EU countries, we derive the dynamic unemployment …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 market 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 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 market adjustment processes, (b) the …

In the long history of rising and persistent unemployment in Europe almost all institutions - employment protection … legislation, unions, wages, wage structure, unemployment insurance, etc. - have been alleged and found guilty to have caused this … identified as more plausible causes for rising equilibrium unemployment in Europe. Monetary policy has managed to be regarded as …

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 …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …

High rates of unemployment entail substantial costs to the working population in terms of reduced subjective well … individual panel data for Germany and repeated cross-sectional data for the United States and the European Union show that the … sensitivity of subjective well-being to fluctuations in unemployment rates is much lower in the public sector than in the private …

system and the current managed float. Panel integration techniques are used to increase the power of the tests. Cross section …