unemployment benefits in response to an unemployment shock in a simple, reduced-form model of the labor market. It is found that …. Adjustment costs of changing benefits can introduce hysteresis in benefit setting and unemployment. Both (very) bad and good … temporary shocks (including monetary) can permanently reduce unemployment benefits and the unemployment rate. A desirable …

This article examines persistence and nonlinearity in the US unemployment rate in the post-war period by using a regime … tests and describes unemployment behavior better over the business cycle in the sample. While shocks to US unemployment … dissipate in expansions, shocks to the unemployment rate seem to be persistent in recessions, supporting the hysteresis …

large and persistent negative relationships between unemployment and the risk of repeated unemployment and being out of … unemployment has a negative effect on later labor market attachment. This is consistent with existing findings in the literature … present in the data before changing the inference. Thus, unemployment leaves young workers with long-term scars …

This paper applies the panel unit root test proposed by Im, Pesaran and Shin (1997) to test for unemployment hysteresis …

large and persistent negative relationships between unemployment and the risk of repeated unemployment and being out of … that unemployment has a negative effect on later labour market attachment. This is consistent with existing findings in the … present in the data before changing the inference. Thus, unemployment leaves young workers with long-term scars …

large and persistent negative relationships between unemployment and the risk of repeated unemployment and being out of … unemployment has a negative effect on later labor market attachment. This is consistent with existing findings in the literature … present in the data before changing the inference. Thus, unemployment leaves young workers with long-term scars …

-employment. -- Self-employment ; state dependence ; labor market dynamics ; unemployment …

The geographical distribution and persistence of regional/local unemployment rates in heterogeneous economies (such as … an interest in analysing the dynamic adjustment processes of unemployment and the average degree of dependence of the … current unemployment rates or gross domestic product from the ones observed in the past. In this paper, we present a new …