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This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead …
Persistent link: https://www.econbiz.de/10009752694
This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead …
Persistent link: https://www.econbiz.de/10013080876
This paper provides a model of social hysteresis whereby long, deep recessions demotivate workers and thereby lead them …
Persistent link: https://www.econbiz.de/10010319518
Persistent link: https://www.econbiz.de/10011378316
avoid shirking, firms pay fair wages. The wage norms change endogenously, and the result is hysteresis with respect to both …
Persistent link: https://www.econbiz.de/10011527150
Persistent link: https://www.econbiz.de/10010477657
Persistent link: https://www.econbiz.de/10011964904
unemployment, several European economies display highly persistent unemployment dynamics. The theory of hysteresis challenges this … strong empirical evidence of unemployment hysteresis in advanced economies since the 1990s. Relying on an identification … unemployment rates to pre-shock levels. …
Persistent link: https://www.econbiz.de/10012130633
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