phenomenon which has been previously described as ``hysteresis in unemployment''. I find that hysteresis was a significant …Long-term unemployment was a problem both during the Great Depression and today. As employers view the long … demand during the Second World War provided jobs even to the long-term unemployed. As a result, the hysteresis effect was …

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 …