.14 percentage-point higher unemployment rate at ages 25-29 and 0.03 percentage points higher at ages 30-34. The persistence of this … worker who experiences a one-percentage-point higher unemployment rate while the worker is 16-24 years old has a 0 … rigidity is constructed and the index is shown to have positive correlation with the persistence. Moderating macroeconomic …

in German unemployment is fully explained by hysteresis. The Great Recession was well absorbed because both hysteresis …We construct a new Markov-switching unobserved components framework for the analysis of hysteresis effects. Our model … effects and structural unemployment were substantially reduced after institutional reforms. In contrast, U.S. unemployment did …

, some of which date back to 1890. The frequency, persistence, and severity of the unemployment crises in the model are … unemployment rates, is a good start to understanding the unemployment crisis in the Great Depression. Drawing from rarely used data … sources, this paper compiles historical monthly time series of U.S. unemployment rates, vacancy rates, and labor productivity …

sharply in recessions but decline gradually in booms. The frequency, severity, and persistence of unemployment crises in the …A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the unemployment crisis in the Great Depression. The limited responses of wages from credible bargaining to …

In this paper, we identify demand shocks that can have a permanent effect on output through hysteresis effects. We call … employment and investment, although output per worker is largely unaffected. We find strong evidence that hysteresis transmits … through a rise in long-term unemployment and a decline in labor force participation and disproportionately affects the least …

We analyse the determinants of unemployment persistence in four OECDcountries byestimating a structural Bayesian VAR … with an informative priorbased on an insiders/outsiders model. We explicitly insert unemployment ben-efits and labour taxes … so that our identification is not affected by the Faust andLeeper (1997) critique. We find widespread hysteresis: demand …

long-run impact on the productive capacity of the economy through hysteresis effects. These demand shocks are found to be …

constructed from the CPS, this paper estimates the degree of persistence in cohort-level employment rates in excess of persistence … in aggregate macroeconomic conditions. This approach is in some ways superior to testing for hysteresis in the aggregate … unemployment rate because it abstracts away from compositional changes in the labor force by focusing on particular demographic …

This paper deals with a critical assessment and a reestimation of the "non-accelerating in ation rate of unemployment … occurrence of shocks and hysteresis effects, the (mis-)measurement of important variables such as in ation expectations …