This paper provides a model of "social hysteresis" whereby long, deep recessions demotivate workers and thereby lead …

This paper re-examines the stochastic time series behaviour of the monthly unemployment rate in 50 states of the United … unemployment rate in 47 states. The findings confirm a natural rate hypothesis for the labour markets in the most US states …, indicating that labour market shocks have solely temporary effects on state-level unemployment. This empirical study provides …

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 …

In this paper we have examined the unemployment rate series in Turkey by using long memory models and in particular … employing fractionally integrated techniques. Our results suggest that unemployment in Turkey is highly persistent, with orders …. We found evidence in favor of mean reversion in the case of female unemployment and this happens for all the groups of …