This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal … Surveys of Youth, we find that negative labor market outcomes during high-unemployment periods are mitigated by exposure to a …

This paper explores evidence for positive hysteresis in the labor market. Using data from the National Longitudinal … Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a … negative impact of high unemployment periods on labor market outcomes of disadvantaged groups, making extension of high …

This paper explores the evidence for positive hysteresis in the labor market. Using data from the National Longitudinal … Surveys of Youth, we find that negative labor market outcomes during high unemployment periods are mitigated by exposure to a …

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 … labor market conditions, along with the congestion externality from matching frictions, cause the unemployment rate to rise …

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 …, some of which date back to 1890. The frequency, persistence, and severity of the unemployment crises in the model are …

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the large unemployment dynamics in the Great Depression. The limited response of wages to labor market … conditions from credible bargaining and the congestion externality from matching frictions cause the unemployment rate to rise …

A search and matching model, when calibrated to the mean and volatility of unemployment in the postwar sample, can … potentially explain the large unemployment dynamics in the Great Depression. The limited response of wages to labor market … conditions from credible bargaining and the congestion externality from matching frictions cause the unemployment rate to rise …

increase in the pace of job creation and destruction may have substantial effects on employment and unemployment;the effects … may be out of its unemployment equilibrium for quite a long time after a shock occurs.The novelty of the model is that it … takes explicitly account of the propagationof shocks through the various duration classes of unemployment andallows for …