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Can hysteresis explain different labour market operations between Europe and the United States?

Graafland, Johan J. - 1988

Persistent link: https://www.econbiz.de/10000759857

Uncertainty and the politics of employment protection

Vindigni, Andrea (contributor) - 2008

This paper investigates the role that idiosyncratic uncertainty plays in shaping social preferences over the degree of labor market flexibility, in a general equilibrium model of dynamic labor demand where the productivity of firms evolves over time as a Geometric Brownian motion. A key result...

Persistent link: https://www.econbiz.de/10003719624

Unemployment, growth, and fiscal policy : new insights on the hysteresis

Raurich-Puigdevall, Xavier; Sala, Hector; Sorolla i … - In: Macroeconomic dynamics 10 (2006) 3, pp. 285-316

Persistent link: https://www.econbiz.de/10003329441

Hysteresis and persistence in the course of unemployment : the EU and US experience

Dreger, Christian (contributor); … - 2006

We investigate hysteresis and persistence behaviour in the course of unemployment in EU countries and US states by …. Hysteresis in EU unemployment is attributed to the idiosyncratic, but not to the common component. In contrast, idiosyncratic … components are stationary in the US. If hysteresis behaviour is also relevant here, it is more likely to arise in the common …