This paper revisits the dynamics of unemployment rate for 29 OECD countries over the period of 1980-2013. Numerous … empirical studies of the dynamics of unemployment rate are carried out within a linear framework. However, unemployment rate can … time series exhibits nonlinear behaviour. Our empirical findings provide significant evidence in favour of unemployment …

true membership in the cross-section, both in theory and in simulations, without requiring prior knowledge of the number of …

Many existing extensions of the Engle and Russell's (1998) Autoregressive Conditional Duration (ACD) model in the … literature are aimed at providing additional exibility either on the dynamics of the conditional duration model or the allowed … regression approach to a nonlinear ACD model; the use of a semiparametric functional form on the dynamics of the duration process …

Konjunkturzyklus. Es zeigt sich, dass der jahrzehntelange Aufwärtstrend der Arbeitslosigkeit in Deutschland vollständig durch Hysterese … erklärt werden kann. Dagegen folgte die Arbeitslosigkeit in den USA keinem Hysterese-Muster, auch nicht während der großen … Rezession. Deutschland überstand diese Rezession so gut, weil sowohl Hysterese als auch strukturelle Arbeitslosigkeit durch …

shocks to unemployment, but not after small changes. The result poses a challenge to theory, since most existing hysteresis …One of the stylized facts of unemployment is that shifts in its mean rate between decades and half-decades account for …-parametric density estimation techniques to identify the dates of infrequent changes in the mean of the unemployment rate series of 17 …

distribution. The conventional method of analysis is regression of summary inequality indices on variables such as the unemployment …