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This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal …
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pattern of unemployment persistence, often termed hysteresis, is the United States. The following article examines the …
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The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting lagged adjustment processes. In the context of...
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