The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labor market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal (depicting how long …

The aim of this paper is to analyze and estimate salient characteristics of unemployment dynamics. Movements in … unemployment are viewed as "chain reactions" of responses to labour market shocks, working their way through systems of interacting … aggregate measures of unemployment responses to temporary and permanent shocks. These measures are temporal and quantitative …

the permanent and transitory components for the movements of the unemployment rate in four countries (Austria, France, UK …, and USA). We find that the transitory component has a significant impact on unemployment only in the US. In contrast to …In this paper we challenge the traditional labour market view, which argues that unemployment is determined in the long …

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 …

-shock on long-term unemployment. Our findings suggest that there is hysteresis in both countries, and that it happens through …This paper uses data for the UK and the Netherlands (1983q4-2011q4) to test if hysteresis occurs in these economics …, and through what mechanisms. The novelty of the paper resides in the use of a VAR-IRF that encompasses previous hysteresis …